Five blockchain startups from SG incubator LongHash raise $9.7m

Graphic: DEALSTREETASIA

Singapore government-backed global blockchain incubator LongHash said its first cohort of startups have garnered a total of $9.7 million between January and March this year.

LongHash’s 12-week program programme was concluded after a global demo tour across Singapore, Shanghai, and Berlin. As many as five startups participated in it from Singapore, Taiwan and Germany. These include names such as Poseidon Network, T-RECs.ai, AlphaWallet, Keyless, and Lition.

“We are grateful for the support received from the Singapore government as well as our network and look forward to helping our future batches achieve similar success,” Singapore LongHash chief executive Emma Cui said in a statement.

LongHash is currently running the second batch that started in June and is slated to end this end. For its second batch, LongHash has tied up with Parity Technologies to support Polkadot, a blockchain protocol, which allows independent blockchain networks to exchange information and be protected with shared security.

LongHash also announced that it is set to hold the 12-week programme for its third batch in collaboration with Zilliqa. When the projects are completed, the startups in the batch will receive $20,000 in grants.

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.