Singapore startups Hubble, LingoAce raise venture funding

Photo: Hubble

Digital construction management startup Hubble and online language learning platform LingoAce have raised $3.6 million and $7 million in venture capital funding, respectively.

Hubble secures $3.6m in Tin Men-led funding

Hubble, a Singapore-headquartered AI and machine learning-driven digital construction management startup, has secured $3.6 million in its first external funding round. The financing was led by venture capital firm Tin Men Capital.

The fresh capital will be used by Hubble to expand in Southeast Asia. After launching in Malaysia earlier this year, the startup plans to next enter Thailand, Vietnam, and Indonesia.

Founded in 2016, Hubble offers a suite of fully integrated software that it claims can automate the entire range of construction processes on-site that have traditionally been accomplished mostly via manual processes.

Its clients include building contractor Woh Hup, NYSE-listed construction services firm Jacobs, earthworks contractor and materials supplier KKL and infrastructure specialist HSC Pipeline Engineering. It also works closely with Singapore’s Building and Construction Authority, Public Utilities Board, and Infocomm Media Development Authority.

LingoAce bags $7m from China’s Shunwei Capital 

Chinese venture capital firm Shunwei Capital has invested $7 million in the Series A funding round of LingoAce, a Singapore-based online language learning platform that teaches Mandarin to students aged between six and 15, according to a Tech in Asia report.

LingoAce, founded by CEO Hugh Yao, uses video communication technology that allows students to communicate with teachers face to face in online classrooms. The company reportedly plans to expand its operations in Southeast Asia, starting with Indonesia.

The startup also plans to develop technologies that will adjust its programs and offerings to meet the wider demand for online learning caused by the global coronavirus pandemic. These technologies will include AI, augmented reality, and virtual reality.

Last year, the startup, which claims to serve about 10,000 students across Asia, Europe, and North America, had raised $3 million in a pre-Series A round led by Decent Capital, a Chinese angel investment company focused on internet, wireless technology, and interactive entertainment ventures.

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.