After many months of planning, discussions and getting feedback from various stakeholders, the much-awaited Cradle Seed Ventures Pte Ltd has finally launched, with RM40mil in its coffers and 30 to 40 startups in its sights.
Education services provider Sync and recruitment portal MauKerja have each raised RM1 million (US$275,000) from Cradle Fund Sdn Bhd and OSK Technology Ventures Sdn Bhd, a wholly-owned unit of OSK Ventures International Bhd (OSKVI).
By ensuring the pipeline is as secure as the funnel is wide, an ecosystem has a far greater chance at sustaining itself, writes Justin Hall of Golden Gate Ventures.
Singapore-based technology consultancy startup Alpha7 said it has raised an additional S$3.1 million (US$2.3 million) in funding from private investors, without elaborating.
Not surprisingly, DNA founder Karamjit Singh’s thoughts this week revolve around Joel Neoh and what he brings to the table with his latest foray into the startup world, while those of you in Malaysia, Thailand and Singapore may want check out the broadband affordability story.
Keeping fit is what has got Joel Neoh excited enough to base his new startup KFit on it. Not only is the market size large, he also sees a greater purpose – to help raise fitness and by association, health levels across Asia Pacific. And for starters, he believes he has possibly raised the largest pre-seed funding round in Asia.
In his first interview after his deal to sell off the Internet assets of JobStreet.com for US$582 million, Mark Chang speaks to DNA founder Karamjit Singh in New York about his excitement in building the next 10 hot ‘billion-ringgit’ startups.
FoodPanda has announced a new funding round of US$100 million, led by Goldman Sachs. Existing investors, among them Rocket Internet SE, also participated in the round.
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.
The Philippines is shaping out to be South-East Asia’s video-on-demand (VOD) battleground with the Catcha Group subsidiary iflix securing US$30 million, in an investment round led by Catcha itself and the Philippine Long Distance Telephone Company (PLDT).