Asia Digest: Antler invests $2.4m into 2nd cohort; Brunei’s Memori raises funds

Antler co-founder and CEO Magnus Grimeland

Singapore-based startup generator and early-stage VC Antler has invested $2.4 million into its second cohort of startups while Brunei-based legacy planning startup Memori has raised an undisclosed sum in seed investment from members of an Asian royal family.

Antler invests $2.4m into second batch of startups

Singapore-based startup generator and early-stage VC Antler has invested $2.4 million into the second cohort of startups, TechInAsia reported.

The second batch comprises companies from enterprise, telecom, fintech, and consumer technology sectors.

In February, Antler said, it was targeting to hit the final close of its $30-million Southeast Asia (SEA) fund by the end of this year. In an interview with DEALSTREETASIA, Antler CEO and founder Magnus Grimeland had said that the fund was oversubscribed, which led the firm to increase the size from the initial $15-20 million.

The fund reached its first close in Q3 2018. Antler’s SEA fund has been backed by institutional investors, family offices and high net-worth individuals from Singapore, Indonesia, Thailand, and Japan.

Brunei’s Memori secures additional seed investment

Brunei-based legacy planning startup Memori has raised an undisclosed sum in seed investment from members of an Asian royal family, according to a statement.

The proceeds will be used to grow the business in Brunei, Singapore, and Malaysia.

Memori was set up in August last year with the purpose of simplifying the process of preparing end of life and demystifying a topic that’s traditionally considered taboo in Southeast Asia.

Last year, the firm raised BND158,000 ($100,000) in a seed investment round from 113 Venture Growth Fund, which has backed firms like Facebook and Alibaba Group.

The startup aims to help manage services like securing wills, buying insurance policies, arranging funerals, memorial services and will enable users to safely store their digital assets.

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.