Singapore’s tech startup Hoow Foods has raised an undisclosed pre-Series A funding round led by Nanyang Realty while ScaleUp Malaysia announced that it has chosen its top 10 companies for its inaugural cohort and will invest $46,000 each in the companies.
Singapore’s Hoow Foods raises pre-Series A
Singapore-bassed food-tech startup Hoow Foods has raised an undisclosed pre-Series A funding round led by Nanyang Realty, a vehicle of the Ang family office.
Korean venture funds Sunbo Angel Partners and Lighthouse Combined Investment also participated in this funding round.
The startup plans to use the fresh funding to expand its R&D team, invest in technology and grow its operations in the region.
Established in 2018, Hoow Foods aims to develop healthier yet tasty foods to the world. The company is the brand owner of Callery’s, Singapore’s first low-calorie, premium ice-cream brand.
The company previously had raised S$1.7 million in a seed round led by food and beverage player Killiney Group and joined by venture firm TRIVE.
ScaleUp Malaysia invests $46k each in 10 companies
ScaleUp Malaysia, a country-focused accelerator, announced that it has chosen 10 companies for its inaugural cohort.
ScaleUp Malaysia will invest RM200,000 (US$46,400) each in the firms to fuel their regional expansion.
The selected 10 companies in the first cohort are ATX, a digital payments service; AutoCraver, a cloud-based management software; Batik Boutique, a Malaysian gift brand; GOLOG, an on-demand cold chain logistics platform; Iimmpact, a technology solution provider; Kwikcar, a peer-to-peer car-sharing platform; AOne, an educational platform for learning centres; BiiB, a community platform; Agiliux, a core insurance platform; and, Tripcarte, a travel technology company.
The accelerator has been founded by the people behind Proficeo, the business consultancy and programme managers of Cradle’s Coach & Grow Programme.