HK’s Fung Capital leads $7m in ThirdChannel; Samsung NEXT, Verizon invest in Vidrovr

Photo: REUTERS/Beawiharta

Hong Kong’s Fung Capital, the investment arm of the Fung Family, has led a $7 million Series A funding round in ThirdChannel, while US-based Vidrovr, which helps publishers find the most relevant videos to go along with their content, has raised $1.25 million in seed funding led by Samsung NEXT.

Fung Capital leads $7m Series A in Third Channel

ThirdChannel, the retail intelligence platform, on November 7 announced that it has closed $7 million in Series A funding led by Hong Kong’s Fung Capital, the investment arm of the Fung Family.

The funding will enable ThirdChannel to expand the footprint of its real-time platform across key markets to give more brands and retailers visibility into what’s happening – or should be happening – in physical stores and greater ability to take action to meet consumer demands, it said in a statement.

The Fung Family controls the Fung Group whose core businesses are engaged in supply chain management, logistics and retailing.

“According to U.S. Census data, more than 90 percent of retail sales still take place in stores. Brands must keep feeding their brick-and-mortar investments, and retailers need to support powerful brand activations on the store floor,” said Gina Ashe, CEO, ThirdChannel.

“ThirdChannel acts as a digital hub for physical stores, with advanced tools and real-time data collection and analytics to close gaps and create a stronger in-store experience.”

Vidrovr raises $1.25m from Samsung NEXT, Verizon

US-based Vidrovr, which helps publishers find the most relevant videos to go along with their content, has raised $1.25 million in seed funding led by Samsung’s early stage investment fund Samsung NEXT, said a Tech Crunch report. .

The round also saw participation from Verizon Ventures and R/GA Ventures, Social Starts and individuals including Bernd Girod.

Vincent Tang of Samsung NEXT is joining the startup’s board of directors.

Vidrovr develops multimodal computer vision and machine learning systems to index, tag, and understand video. The company was started at Columbia University, incubated at Techstars NYC and is part of the first batch of startups at the Verizon Media Tech Venture Studio.

Also Read:

China Digest: Maide Magic, SmartStudy.com and Huiyihuiying raise funds

China Dealbook: Shunwei Capital backs Ceche365.com, GGV leads Meiweishenghuo’s funding round

 

 

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.