This week has seen a number of startup ventures around the region securing seed funding. Creopop has raised $1.5 million of seed funding in a round led by Wavemaker Partners and the Singapore National Research Foundation. Meanwhile, the Singapore Angel Network participated in the seed funding round of Little Black Book Delhi.
Creopop Seed Round
Other investors in the seed round syndicate include Malaysian VC firm Kumpulan Modal Perdana via its E&E Catalyst fund, Ruvento Ventures, Australian 3D printing company 333D and a number of private investors. 333D began negotiations with Creopop in March for exclusive distribution of the product in the Australia & New Zealand (ANZAC) markets.
Founded in January 2013 by Andreas Birnik and Dmitry Starodubtsev, CreoPop’s product is a 3D printing pen. It uses proprietary photopolymer technology to enable the creation of 3-dimensional physical structures, with the ink hardened by LED diodes at the tip. Due to a lack of heating elements, the product is safe for use in domestic setting.
CreoPop has raised more than US$1.7 million, according to data published on Crunchbase. This presumably includes a previous venture funding round which saw participation by 500 Startups and Ruvento Ventures in January 2015.
Creopop had previously raised S$186,000 through a product crowdfunding campaign conducted on Indiegogo. In a Tech in Asia report, Birnik said the funds would go towards covering operating expenses, working capital for inventory and marketing expenses.
With product specifications now defined, Creopop intends to certify the IP of the pen and the proprietary inks it utilises, prior to commencing mass manufacturing and shipping of pre-orders. Shipping is forecast for August 2015.
Birnik stated: “Our mission is to enable people to create whatever they want in a range of different materials as well as colours. So further on, we will be looking to introduce other 3D printing applications beyond the pen.”
Little Black Book Seed Round
Indian online city and lifestyle guide Little Black Book Delhi (LBBD) has secured seed funding of $150,000 from an angel investing syndicate. Investors in this seed round includes Rajan Anandan of Google India, Niraj Singh of Outbox Ventures, MakeMyTrip co-founder Sachin Bhatia, Singapore Angel Network and Aseem Vadehra of Vadehra Art Gallery.
Founded in 2012 by Suchita Salwan, Little Black Book Delhi began as a discovery platform for food, events, lifestyle and culture. It currently focusses on curated and recommended listings in the Delhi and Gurgaon region.
“The primary aim of generating this round of funding has been to grow the technology wing of Little Black Book. This investment will go into bettering our content creation, consumption and distribution, expand our reach in the Delhi/NCR region. We also aim to use this investment to start operations in our second city in India,” said Suchita Salwan, CEO of Little Black Book Delhi.
Dhruv Mathur, one of the founders of FBPay, has also joined the LBBD team as the Technical co-founder, focusing on product and analytics,. Mahtur will work on augmenting and enhancing LBBD’s platform. Since launch, LBBD claims to have received 200,000 unique visits per month from the Delhi/NCR region.
They are currently focused on developing their mobile app, which is slated for release in August 2015. .