SEA Digest: SG’s Hoow Foods nabs funds; ScaleUp Malaysia backs 10 firms

Photo: pixabay.com

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.

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.