Koh boon hwee

Singapore: Grain closes pre-Series B led by NSI Ventures

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Online full-stack food delivery service Grain has closed an undisclosed pre-Series B round led by NSI Ventures.

Singapore: MDA-IDA merger reflects consolidation & innovation push

The MDA-IDA merger reflects a move to consolidate the funding schemes for Singapore startups, though may have unexpected effects. Their assets will be merged to form the Info-communications Media Development Authority and Government Technology Organisation. The current MDA CEO Gabriel Lim will head IMDA, while current IDA managing director Jacqueline Poh will head the GTO.

Daylight Studios raises $704k funding in series A round

Independent game developer Daylight Studios, a studio based in Singapore, has successfully raised $704,000 in a series A funding round led by Raffles Venture Partners and various angel investors. Amongst the angels is former Singtel Chairman Koh Boon Hwee, who previously invested in Singaporean gaming peripheral maker Razer. More recently, Koh invested in the seed… Read more »