Malaysian accelerator 1337 Ventures invests in 3 PH startups

VC word cloud. Credit:Barrie Entrepreneur Connect

Just over a month after setting foot on Philippine soil, Malaysia-based accelerator 1337 Ventures has invested in three local startups via its pre-accelerator programme Alpha Startups.

The three startups are Pas Pas, Fresk2Ket, and iMpok, all based in Cebu City. They were chosen from the 11 startups who pitched in the fifth and final demo day in Cebu participated in by almost 100 applicants.

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The top three startups will get a “small cash injection” and $5,000 in Amazon Web Services credit from 1337 Ventures. The teams will also receive continuous mentoring from the Malaysian venture capital firm.

Fresk2Ket came up with a marketplace connecting farmers to restaurants and other businesses while Pas Pas made a last-mile delivery service using text message, and iMpok introduced a cash deposit and micro-financing platform for schools.

Also read: Philippine tech startup roadmap guns for 500 startups with $2b valuation by 2020

The Alpha Startups programme has so far covered Malaysia, Singapore, and the Philippines and 1337 Ventures plans to launch it in Indonesia by January 2016, and then Thailand and Vietnam next. Yet the venture firm reportedly does fintech initiatives in Thailand and Indonesia at present.

The Alpha Startups expansion to the Philippines is in partnership with the Philippines’ ICT Office of the Department of Science and Technology (DOST-ICTO) and Cebu-based non-profit tech organisation Techtalks.ph.

Also read: PH-based startup Tactiles launches crowdfunding campaign via Indiegogo

New venture fund Katalyst.ph to focus on Filipino-owned startups

Malaysia’s 1337 Ventures goes to Philippines with Alpha 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.