Singapore, Apr 8 (PTI) Singapore on Wednesday announced a 30-million Singapore dollar investment in the agri-food industry to speed up the production of commonly consumed food items like eggs, vegetables and fish during the coronavirus crisis. Called the 30x30 Express grant, it aims to strengthen Singapore''s food security, as part of its goal of meeting 30 per cent of the…
Saving cash has become the new mantra for startups in Asia as capital quickly dries up in the region. Funds raised by Asia-focused venture capital firms fell to a seven-year low of $2.2 billion in the first quarter, according to U.K. data provider Preqin. Investors are now urging startups to save enough money to support their business for at least…
TNB Aura, a Singapore-based venture capital firm focused on Southeast Asian investments, launched a new fund to invest US$2 million in each startup affected by the Covid-19 pandemic. The company said the Special Situations Fund can be considered as a “sub-fund” for its TNB Aura Fund II, which it’s targeting to close soon at US$100 million. “With the current market…
Lippo Group, a multinational conglomerate based out of Indonesia, has made a strategic investment in Singapore fintech startup MoolahGo for an undisclosed sum as part of its pre-series A raise. Prior to this financing round, MoolahGo announced in March last year that it had received seed funding from Eric Barbier, the founder and former CEO of payments firm Thunes (previously…
Singapore-based cybersecurity firm Right-Hand has announced US$1,000,000 (SG$1,400,000) in seed funding, which will be used to accelerate its product roadmap development. According to a company statement, Right-Hand offers a software-as-a-service (SaaS) platform for companies to monitor, measure, and mitigate human-induced cybersecurity risks. The seed funding round was led by Atlas Ventures, a Singapore-based early-stage venture capital fund. SGInnovate, an investment…
Esports Players League (ESPL), an esports tournament network and platform, announced it has secured an undisclosed amount of seed investment from 500 Startups. Founded in 2019, Singapore-headquartered ESPL creates mobile ecosystems for amateur esports leagues globally. It uses a franchise model, which allows esports players to participate in global tournaments. Aside from mobile esports, it also features PC and console-based…
In multiple startup rounds in the region, Singapore-based FlixStock has raised $2.5 million in a round led by Wavemaker Partners while knowledge platform Arches has also bagged an investment to expand across Asia. In Vietnam, local venture builder STI Holdings has completed a strategic investment in household service startup JupViec. Wavemaker Partners leads $2.5m funding round in Singapore-based FlixStock Early-stage…
British financial technology start-up Revolut has raised $500 million in a fresh round of funding that values it at $5.5 billion. The investment round was led by Silicon Valley-based venture capital firm TCV — an early investor in companies like Facebook and Netflix — and also attracted backing from existing investors Ribbit Capital, DST Global, Lakestar and GP Bullhound. It…
Singapore is strengthening its support for deep-tech startups in the country with an additional S$300 million (US$215.4 million) under the Startup SG Equity scheme to encourage investments into such companies. Through Startup SG Equity, the Singapore government co-invests with qualified third-party investors into eligible startups. It aims to draw in more private-sector investments into homegrown startups with intellectual property and…
TurtleTree Labs, a Singapore-based startup that leverages biotechnology to create the full nutritional content of milk, has raised an undisclosed amount of pre-seed funding in a round led by alternative protein-focused venture capital fund Lever VC. Asset management firm KBW Ventures and VC fund K2 Global also participated in the round, according to a statement. Using proprietary mammary cell-based methods,…