Venture capital firm Quest Ventures has led the S$6.9-million ($5 million) Series A funding in Popsical, a Singapore-designed cloud Karaoke brand that saw sharp growth in demand during the COVID-19 period.
In a statement, Popsical said Seeds Capital, the investment arm of Enterprise Singapore, also participated in the round. The new investors now join other early backers in the startup, which include Apricot Capital, Teo Heng KTV, Cash Studios KTV, OMG Ventures, and Mediacorp.
