Headquartered in the US, social network tools and platform aggregator, Seesmic has raised a third round of investment of USD 4M (SGD 5.1M) from Salesforce and Softbank Group. This brings the total amount of funds raised to USD 16M (SGD 20.4M) and sees Salesforce and Softbank join existing investors Atomico, Omidyar Network (by the founder of eBay) and Wellington Partners. Seesmic has an office of four in Singapore that does development work. Press release below. Read more
US-based mobile ad optimiser and mobile advertising company, Smaato just closed a new round of funding with Singapore’s EDBI as its lead investor in the USD 7 million funding round. The funding enables Smaato to expand in Asia, particularly to establish presence in Singapore which is considered as one of the fastest growing mobile ad/digital advertising hub in Asia. Press release below. Read more
Singapore-based Facebook co-founder, Eduardo Saverin has led a Series A USD 8 million (SGD 10.2 million) investment round into US-based startup Qwiki. This follows its previous seed round of USD 1.5 million (SGD 1.9 million) Qwiki’s goal is “to deliver information in a format that’s quintessentially human – via storytelling instead of search.”
Local mobile company, 2359 Media just closed its Series A round, led by the Singtel Innov8 fund. Read more
Growing up with weekly episodes of Phua Chu Kang was definitely one of the highlights of the last century. Irene Ang, who starred as the irrepressible Rosie, is more than an accomplished actress as evidenced by the success she achieved with the show; she is also an entrepreneur that created an artiste management company that is the ‘Best in Singapore, JB, and some say Batam,’ and also possibly even Thailand. Read more
A Singapore based media company, Xinya Media (Xinya) today announced that EDB Investments (EDBI) has taken a stake in Xinya. Including the investments from Gobi Partners and Cheng’s Film, Xinya has successfully raised a total amount of US$9 million in this round. The new funds will aid the growth plan of Xinya and expand its market reach in Asia Pacific. Read more
Filed under Media, Press Releases, Venture Capital & Private EquityTags: Asia Pacific, Chinese International TV Corporation, Chinese TV Channels, EDB Investments, Gobi Partners, Mainstream Media, MDA, Media Development Authority, Xinya Entertainment, Xinya Media, Xinya Satellite TV
Singapore, 26 August 2009 – Young aspiring entrepreneurs now have a unique platform to turn their innovative ideas into business ventures. Today, Nanyang Technological University (NTU) and SPRING Singapore have launched the ideas. Business Challenge to spur them on. ideas.inc. is a unique competition that brings together a powerful combination of funding support and expert mentorship for aspiring entrepreneurs. It goes beyond a typical business plan competition to encompass the development and commercialisation of the innovative business ideas. Read more
Press Release August 3rd, New Orleans LA, – cebas VISUAL TECHNOLOGY Inc. a leading provider of CGI and VFX rendering software, and Singapore based technology company, Progeniq, a leader in optimized hardware accelerated computing solutions, today announced the availability of their hardware-accelerated solution for Hollywood CGI/VFX studios, initially powering cebas’ finalRender, the rendering system of choice at Uncharted Territory which recently completed VFX production for Roland Emmerich’s “2012” movie. Read more
Twinity, the world’s first mirror world, is launching virtual Singapore – Twinity’s first city in Asia – on August 9th. Wanted: Online pioneers from all over the world to come together and bring this metropolis to life! Metaversum, developer of Twinity, the virtual world made of real people and real places, is launching virtual Singapore on August 9th with a big celebration of Singapore’s National Day. Read more
OrSiSo, a Singapore based company adds GTalk and Bebo to their latest release and enhanced Facebook functionality to allow people to access their published links from their Facebook stream. OrSiSo (www.orsiso.com) announced today the release of an updated version of the social networking aggregator which includes additional features to complement a steadily growing array of tools for people trying to manage their social networks from one place. Read more
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