Singapore startup Present app announced it has raised S$500,000 (US$370,000) from investors such as James Teo, executive chairman of Eastgate Technology; and Bobby Lim, executive director of Tai Sin Electric, among others.
Cradle CIP Catalyst recipient Sync Media (M) Sdn Bhd has secured RM250,000 (US$78,840) funding from a local angel investor to develop its School Communication Platform, a mobile solution that aims to break down the barriers of communication between teachers and parents.
MBAN kicked off its activities with a 2-day learning session in April with interested Malaysian investors learning from international angel investors in India and the EU.
Joot Ventures Sdn Bhd has secured a total of US$700,000 in funding to further develop and market social content network Joota.
Despite the country’s Budget 2013 meeting with general approval from industry players, one observer remained skeptical as to whether some of the measures proposed are necessary or indeed effective.