Singapore: Zig Ventures-backed Curiox raises $15m, eyes Korea IPO

Laminar Wash™ AUTO 1000 System by Curiox

Curiox Biosystems, a bio-instrumentation company backed by Singapore-based venture investment firm Zig Ventures, has raised $15 million in its Series B funding round that it will use for global commercialisation activities.

With the fresh funding backed by Korean investors, Curiox also revealed plans to pursue an initial public offering on the Korean stock exchange, KOSDAQ, in the next 36 months.

In a statement, Zig Ventures said the funding round was backed by Korean biotech investors who are attracted to the bio-instrumentation solutions that Curiox develops for cell analysis and therapy in the pharma and biotech industries.

The investors in the Series B funding round include KB Investment, Dayli Partners, Quad Investment Management, IMM Investment, SV Investment Partners, and HB Investment.

The fresh funding will be used to scale up and accelerate the commercialisation activities of Curiox globally. The company has already penetrated the markets in the US, China, Korea, and Europe.

Curiox is a bio-instrumentation company spun out of the Agency for Science, Technology, and Research (A*STAR) in Singapore. Zig, on the other hand, is SEEDS Capital’s co-investment partner under Startup SG Equity and has been a cornerstone investor of CURIOX since 2011.

Headed by Chief Executive Officer Dr. Namyong Kim, Curiox has seen strong adoption and sales of its technology, the Laminar Wash HT1000 System. It also recently introduced two new systems, the Laminar Wash AUTO1000 and Laminar Wash MINI.

The AUTO 1000 system offers scientists a fully-automated flow cytometry staining platform designed to produce quantitative and reproducible results for flow cytometry. Cytometry is the measurement of the characteristics of cells.

Laminar Wash MINI, on the other hand, is a smaller, benchtop unit designed for smaller throughput labs.

“Our new funding will help us expand our global reach to the flow cytometry community and other cell-based assay developers,” said Kim.

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.