NamZ, a Singapore food tech developing “future fit” foods using climate-resilient crops, has just launched a range of sustainable food products under its new brand WhatIF Foods. Products include shakes, soups and noodles, all of which are designed to be nutritious yet convenient for consumers. The company hopes that it will help bolster Singapore’s food security while supporting farming communities,…
The city-state's Emerging Stronger Taskforce, which aims to 'reimagine' the post-Covid economy, features establishment industry figures. Critics say a more diverse group is needed to precipitate a more equitable, sustainable future for Singapore. A taskforce of industry leaders assembled to revitalise the Singapore economy after the Covid-19 downturn has been criticised in parliament and by civic society groups for excluding…
GBCI Ventures announced an US$11 Million investment into Fincy a fintech startup led by Douglas Gan, Vannesa Koh and Lim Ming Wang who are all from GBCI Ventures. In a media statement, they shared that Fincy is the venture capital firms new endeavour that aims to provide an “affordable alternative to existing financial services, starting with simplifying currency exchange via…
The Singapore government committed an extra 285 million Singapore dollars ($200 million) on Tuesday to top up an existing scheme to boost tech startups. As capital flowing into the city-state dries up amid the uncertainties triggered by the coronavirus pandemic, the Singapore government will match the money venture capitalists put into startups. "In this environment, some promising startups in Singapore…
Split, a fintech startup that enables businesses to provide a ‘buy-now-pay-later’ service to their customers in Singapore and Malaysia, announced today it has secured an undisclosed amount of funding, led by 500 Startups. Angel investors, including Louise Daley, Deputy CEO of AccorHotels Asia Pacific, also participated. With this, Daley has also joined Split’s Board of Directors. Split was co-founded in…
Singapore government-linked EDBI and Seeds Capital announced a S$285 million (US$205 million) fund to support startups in the city-state and help them sustain their growth amid the Covid-19 pandemic. With the Special Situation Fund for Startups (SSFS), EDBI and Seeds Capital will invest in selected startups with private sector co-investors on a one-to-one basis, according to a statement. EDBI is…
Homage, the Singapore-based startup that matches families and caregivers, has launched a new service that provides home medical visits, telehealth consultations and medication delivery. Called Homage Health, the service was already being developed before the COVID-19 pandemic, but co-founder and CEO Gillian Tee told TechCrunch that its launch was accelerated because many of the company’s caregiving recipients are elderly or…
Digital construction management startup Hubble and online language learning platform LingoAce have raised $3.6 million and $7 million in venture capital funding, respectively. Hubble secures $3.6m in Tin Men-led funding Hubble, a Singapore-headquartered AI and machine learning-driven digital construction management startup, has secured $3.6 million in its first external funding round. The financing was led by venture capital firm Tin…
Despite the COVID-19 outbreak, the Economic Development Board (EDB) has in the first four months of this year secured about S$13 billion in investment commitments for the “next few years”, Trade and Industry Minister Chan Chun Sing said. This “very good performance” means Singapore has exceeded the S$8 billion to S$10 billion which had been projected for the whole of…
It’s common to have a love-hate relationship with our favorite unhealthy snacks. After all, treats like ice cream, packaged baked goods, and sugary instant beverages are high in calories and wreak havoc on our overall health. Hoow Foods plans to change this. Launched in 2018, the company uses what it calls food reformulation technology to create healthier versions of certain…