Singapore startups Hubble, LingoAce raise venture funding

Venture Capital Singapore

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 Men Capital.

The fresh capital will be used by Hubble to expand in Southeast Asia. After launching in Malaysia earlier this year, the startup plans to next enter Thailand, Vietnam, and Indonesia.

Founded in 2016, Hubble offers a suite of fully integrated software that it claims can automate the entire range of construction processes on-site that have traditionally been accomplished mostly via manual processes.

Its clients include building contractor Woh Hup, NYSE-listed construction services firm Jacobs, earthworks contractor and materials supplier KKL and infrastructure specialist HSC Pipeline Engineering. It also works closely with Singapore’s Building and Construction Authority, Public Utilities Board, and Infocomm Media Development Authority.

LingoAce bags $7m from China’s Shunwei Capital

Chinese venture capital firm Shunwei Capital has invested $7 million in the Series A funding round of LingoAce, a Singapore-based online language learning platform that teaches Mandarin to students aged between six and 15, according to a Tech in Asia report.

LingoAce, founded by CEO Hugh Yao, uses video communication technology that allows students to communicate with teachers face to face in online classrooms. The company reportedly plans to expand its operations in Southeast Asia, starting with Indonesia.

The startup also plans to develop technologies that will adjust its programs and offerings to meet the wider demand for online learning caused by the global coronavirus pandemic. These technologies will include AI, augmented reality, and virtual reality.

Last year, the startup, which claims to serve about 10,000 students across Asia, Europe, and North America, had raised $3 million in a pre-Series A round led by Decent Capital, a Chinese angel investment company focused on internet, wireless technology, and interactive entertainment ventures.

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