Funding from both public and private money helps fire up entrepreneurs with big dreams, writes DNA founder and CEO Karamjit Singh.
Next week’s Disrupt on Wed the 20th at Plug and Play Technologies Sdn Bhd, 7th Floor South Tower, Gardens, is all about the money. Who is giving it out, and what the funders like in the ideas and the entrepreneurs.
e27 has secured a S$760,000 (US$614,000) round of funding, and will use it to expand its operations in South-East Asia.
Cloud-based email backup site locks in funding and business partnership with subsidiary of top Internet company in Japan.
Golden Gate Ventures has announced its first round of investment in the region since opening its doors earlier this year, adding TradeGecko, RedMart and Coda Payments to its portfolio.
TradeGecko has closed US$650,000 in its seed round of funding led by incubator and seed investment firm WaveMaker Labs, with other Singapore-based investors including Golden Gate Ventures participating.
HK-based start-up helps online merchants track packages, notify customers with delivery updates.
VCs should not be looking at the existing team and saying it is not good enough to execute the idea, so they will not invest. The point of the investment is to hire the rest of the team, to create an ‘A team’ that can go on to build a great company, writes Dr V. Sivapalan.
The trend of Japanese companies increasing their attention and investment in the South East Asia region continues with the addition of GMO VenturePartners and its US$12-million fund to the list.
For Singaporean Ang Pheng Huat, a friend cheated out of money when attempting to rent an apartment in Paris was the catalyst for his own journey into the world of start-ups and entrepreneurship.