Mobikon, a Singapore and India-based startup that offers a suite of services for businesses to make customer feedback, engagement, and analysis more efficient, announced last week that it has closed US$1.7M in Series A investments led by Singapore-based Jungle Ventures.
This round is supported by a group of angel investors, including Ravi Mantha, member of the Board of Trustees at The Indus Entrepreneurs (TiE). Read more
SPRING Singapore, a government organization dedicated to growing the country’s economy, issued a terse statement yesterday denouncing Interesting Mart, an online reseller of IT goods, for misusing its logo and name and that of its subsidiary, SPRING SEEDS Capital. Read more
The Flying Machine, a 3D live-action and animation family movie starring Heather Graham (Bowfinger, The Spy Who Shagged Me) and produced by Oscar winner Hugh Welchman, was created with the help of Singapore-based company Progeniq Technology. Read more
Time Voyager, a Singapore-based games development company, has secured a US$3.3 million investment co-led by East Gate Partners and Gobi Partners. Read more
People who have innovative ideas in medical technology will rejoice when you hear this latest news: as part of the Research, Innovation and Enterprise 2015 plan (PDF), the Singapore government is launching a SGD 40M (USD 32M) fund for medical technology startups.
This funding will be managed by SPRING SEEDS Capital, under a new Biomedical Sciences Accelerator (BSA) programme. They will select up to two BSA operators. High-potential med-tech start-ups will be identified, evaluated, financed and managed as well as to better commercialised the intellectual property developed in the sector by the selected operators. Read more
Referral marketing startup Anafore has just secured their first round of seed financing from BAF Spectrum, engineering co-founder of Skype Toivo Annus, and SPRING SEEDS Capital – a wholly owned subsidiary of SPRING Singapore that co-invests in local start-ups. Read more
Affiliates’ Corner brings together, intellectual property owners, innovators and experienced professionals who are interested in entrepreneurships to promote commercialization of innovations through generation of start-ups. This next Affiliates’ Corner will have Mr Eric Tan, from SPRING Start-up Enterprise Development Scheme (SPRING SEEDS) share his experience in seed funding and nurturing innovative start-ups into successful ventures. Dr Miles Gilman, MD, A2 BioScience and Mentor-in-Residence, SMU IIE will also discuss on “Minimizing Start Up Risk Through IRR Techniques”. Read more
We have been awaiting more details on the 50% tax break for angel investors scheme since it was first announced in Singapore Budget 2010.
Now, SPRING Singapore has released details on the Angel Investors Tax Deduction Scheme. Read more
It last raised pre-series A funds from BAF Spectrum with the participation of SPRING SEEDS Capital Pte Ltd two years ago. This time, Progeniq raises Series A funding led by BAF Spectrum, Ambient Sound Investments and SPRING SEEDS Capital.
William Klippgen, Executive Director of BAF Spectrum and Margus Uudam, Managing Director of Ambient Sound Investments, will both join Progeniq’s board of directors. Read more