HardwareZone founders become investors-in-residence at FounderHQ

Many of you would be familiar with HardwareZone, a popular tech media company that was bought by Singapore Press Holdings for S$7.1 million (US$5.8 million) in 2006.

As employees of SPH, they started work on SEO company ClickTrue — a HardwareZone subsidiary — which was later folded into Kyosei Ventures, effectively setting the founders free again to do their own investments, according to entrepreneurship blog e27. They interviewed Kyosei’s executive chairman Jackie Lee, who is one of the five co-founders of HardwareZone.

Now, it looks like Kyosei will be interacting and mentoring startups at FounderHQ, a new co-working space set up by investor Jeffrey Paine, who told us the news via a tweet. They could potentially invest in resident startups that catch their eye too.

Kyosei is looking for early startups in the interactive digital media space in the Southeast Asia region. They are looking to fund companies anywhere between S$50,000 to S$300,ooo (US$41,000 to US$246,000), or seed stage, Series A and B.

Affiliated to Founder Institute Singapore, FounderHQ also holds entrepreneurial workshops and activities for participants, and offers opportunities to interact with investors. Tenants would have to pay a fee of S$180 per desk per month (see earlier story), and not all applicants are picked. The co-working space commenced operations on 14th August, 2011.

The other investor-in-residence confirmed so far is East Ventures, a Singapore and Indonesia based venture capital firm.

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