Singapore, known as an Asian launchpad for multinational companies in the 1990s, is quickly becoming one for startups in the 2010s – at least, according to the Singapore Startup Ecosystem and Entrepreneurial Toolbox prepared by 500 Startups' Arnaud Bonzom.
Regional fitness-sharing platform KFit, founded by entrepreneur and former Groupon international vice president for Asia Pacific Joel Neoh, said it has raised US$3.25 million in an investment round led by Sequoia Capital.
500 Startups’ Khailee Ng sees the beginnings of a feeding frenzy in South-East Asia, similar to what the Indian startup scene is experiencing today. His Distro Dojo accelerator is hoping to catch the wave, in partnership with Malaysia’s MaGIC, writes Karamjit Singh.
Singapore-headquartered fintech startup fastacash has raised US$15 million in Series B funding from international investors, to be used to fuel its expansion ambitions.
Singapore-based social dating startup Paktor Pte Ltd said it has secured Series B funding of S$10 million (US$7.5 million) from Majuven, Convergence Ventures, and existing investor Vertex Venture Holdings (a wholly-owned subsidiary of Temasek Holdings).
If there is one thing that isn’t a problem for startups under the care of Microsoft Ventures’ accelerator programme in Beijing, it’s funding, says its director Frances Du.
Singapore-based startup blog Tech in Asia said it has secured a total of US$4 million in funding, led by the SB ISAT Fund which counts SoftBank and Indosat as partners.
Wellington-based CricHQ Ltd said it has secured up to US$10 million of funding from Singapore-based private equity firm Tembusu Partners Pte Ltd.
Singapore-headquartered online property portal group PropertyGuru Group announced it has received a S$175-million (US$129-million) investment from a strategic consortium of three investors, believed to be the largest investment in the South-East Asian technology sector so far this year.
Ralali, a business-to-business (B2B) marketplace specialising in MRO (Maintenance, Repair, and Operational) products, said it has secured US$2.5 million in funding from two Japanese investors.