Fundnel partners BANSEA ONE to grow angel investments in Singapore

Singapore-based Fundnel Limited has entered into an partnership with BANSEA ONE, an investment vehicle formed by members of the Business Angel Network Southeast Asia (BANSEA), to boost early-stage investment in Singapore’s startup ecosystem.

BANSEA ONE is a pioneer initiative backed by members of BANSEA, a leading association for the development of the angel investment community in Southeast Asia, and Fundnel, Asia’s first collaborative investment platform.

The investment vehicle will act as a key investor focusing on early-stage companies in Singapore.

In a statement, Fundnel explained that the partnership pools together resources to boost deal flow and investment opportunities on it’s platform. Through that, it allows creation of synergies across the startup value chain where it serves as a platform to fuel growth of quality enterprises

Fundnel co-founder Kelvin Lee said BANSEA’s participation is an endorsement of it’s capabilities to value-add to startups.

“By combining BANSEA’s stringent due diligence processes alongside our curation, we are confident of assisting start-ups in achieving their growth trajectory and potential. Angel investment plays an integral role in the development of a sustainable startup ecosystem as it not only provides funding at the critical stage, but also offers mentorship and advisory to guide startups to reach their growth phase. As a result, this is a great opportunity to tap onto BANSEA’s extensive network and collaborate with industry veterans to lead the funding of deals on our established platform,” he said.

BANSEA vice chairman Julien de Salaberry noted that the formation of BANSEA ONE will give BANSEA members the ability to pool their financial resources to invest in early-stage startups while diversifying risks.

“In addition, the ability to leverage Fundnel’s deal flow gives us prime access to invest in a wider selection and variety of startups within the region. We believe that our new member investment vehicle enabled by this partnership will provide us with the opportunity to act as a greater catalyst within the ecosystem. We look forward to this fruitful collaboration with Fundnel to discover and fund successful deals,” he said.

Also read:

Singapore: Equity and debt crowdfunding platform FundedHere receives approval to go live

Singapore: Fundnel launches collaborative investment platform, linking public investors to opportunities among SMEs

Singapore: Impact Guru secures $500k seed, forms strategic pact with Fundnel

Singapore’s Fundnel, India’s Anthill collaborate to leverage portfolio startups

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.