Avalon SteriTech Raises US$9M in Pre-Series A Funding

Avalon SteriTech, a Hong Kong-based firm specializing in public well being and environmental hygiene options, raised $9M in Pre-Series A funding.

The spherical was joined by SoftBank Robotics Group and Cyberport Macro Fund.

The firm intends to make use of the funds to expedite its abroad enterprise growth, significantly in Asia Pacific and the Middle East, and advance its product growth by constructing robotics, biotech, AI, and knowledge science capabilities.

Led by CEO Mr. Lewis Ho, Avalon SteriTech supplies cleansing, disinfection and sterilization expertise infrastructure for public areas. As a part of the Avalon Group, a Hong Kong homegrown biomedical group based in 2013, the corporate aspires to turn into a worldwide chief in public well being infrastructure and safety.

Avalon SteriTech has entered the Hong Kong Science & Technology Parks Corporation (HKSTP) Elite Program in October this yr. The program is created to assist expertise enterprises with sturdy progress potentials to additional develop their enterprise exterior Hong Kong, and finally turn into unicorns. As a recipient of this system, Avalon will obtain as much as HK$21.5 million to drive the additional progress of the corporate. 

FinSMEs

06/12/2022

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