Malaysia: Business connector platform BEAM raises funding from SOSV, Artesian Ventures

BEAM, a business and opportunity connector platform, has raised an undisclosed amount in a funding round from SOSV, Australia-based Artesian Ventures, and angel investors.

In a statement, BEAM said, with the funding, it will focus on expanding its operations into China while providing services to bridge the Asian markets for business, investments, and career opportunities through the support of SOSV.

The new fund will also be utilized to strengthen existing operations in Kuala Lumpur, Johor, Singapore, and East Malaysia.

BEAM, which stands for ‘Bridging Entrepreneurs and Movers’, currently operates an online business connector platform and offline events ranging from conventions, networking events, and retreats in Japan, Singapore, and Malaysia.

In 2018, it targets to boost activities in Taiwan together with the support of TBV Capital, alongside the New Taipei City government to provide soft-landing and support for startups entering the market. It is also targeting  revenue of $2 million to $3 million with 250,000-500,000 users this year.

“We believe there is a tremendous opportunity between both China and the Asian markets,” said Kenneth Ho, CEO of BEAM, adding that BEAM will be a bridge to help businesses to raise capital and hire great talent.

Previous investors of BEAM include TBV Capital (formerly TinkBig Venture), Amperor Group PTE LTD, and angel investors.

SOSV is noted for its particular model of acceleration, which involves using China as a launchpad to the global market for foreign startups, via their collection of accelerators and other resources.

The venture capital firm behind mainland Chinese accelerator Chinaccelerator, SOSV has partnered with Taiwanese mobile advertising and internet services platform Gmobi.

Artesian is a leading global alternative investment management firm with offices in Sydney, Melbourne, Singapore, Shanghai, New York and London. It was spun out of the Australia and New Zealand Banking Group (ANZ) in 2004 and is focused on fixed income and venture capital funds.

It is also Australia’s largest seed-stage VC fund with over $250 million in assets under management, partnering with accelerators, angel groups and university programmes.

Also Read: 

Singapore: BEAM launches mobile app to link startup professionals

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.