Avalon SteriTech, a Hong Kong-based company specializing in public health and environmental hygiene solutions, raised $9M in Pre-Series A funding.
The round was joined by SoftBank Robotics Group and Cyberport Macro Fund.
The company intends to use the funds to expedite its overseas business expansion, particularly in Asia Pacific and the Middle East, and advance its product development by building robotics, biotech, AI, and data science capabilities.
Led by CEO Mr. Lewis Ho, Avalon SteriTech provides cleaning, disinfection and sterilization technology infrastructure for public spaces. As part of the Avalon Group, a Hong Kong homegrown biomedical group founded in 2013, the company aspires to become a worldwide leader in public health infrastructure and protection.
Avalon SteriTech has entered the Hong Kong Science & Technology Parks Corporation (HKSTP) Elite Program in October this year. The program is created to help technology enterprises with strong growth potentials to further expand their business outside Hong Kong, and eventually become unicorns. As a recipient of the program, Avalon will receive up to HK$21.5 million to drive the further growth of the company.
FinSMEs
06/12/2022