SG Digest: she1K invests in drone startup; TV channel TechStorm closes pre-Series A

Performance Rotors. Left to Right: Mark Toh (CTO), Keith Ng (CEO), and Mervin Hoon (Corporate Planning). Photo from she1K.

Singapore-based UAV solutions startup Performance Rotors received an investment from angel network for female executives she1K, while TechStorm, the world’s first tech and entrepreneur-focused TV channel, recently closed its pre-Series A funding round.

Female angel network she1K invests in drone startup Performance Rotors

she1K, the world’s first corporate angel network for female executives, has made its first investment in Performance Rotors, a Singapore-based unmanned aerial vehicles solutions startup, according to a statement.

Financial details of the investment were not disclosed but she1K, which seeks to rally 1,000 corporate women to pool together funds to invest in startups, said it invested alongside other institutional and angel investors for this round.

Performance Rotors was selected during the first she1k private pitch to its members and co-investing partners. The sessions are by invitation only and held every two months in Singapore and Hong Kong.

The startup has already made inroads into oil & gas and brewery storage tanks and will be moving into mining, agriculture, aerospace, underground tunnels further down the road. she1K chief builder Christina Teo said Performance Rotors was chosen because it has a “highly qualified team, acquired some significant reputable customers and, are already revenue generating”.

Tech-focused TV channel TechStorm closes pre-Series A funding round

Singapore-headquartered TechStorm, the world’s first tech and entrepreneur-focused TV channel, recently closed its pre-Series A funding round backed institutional technology-focused venture capital firm Majuven.

The startup did not disclose how much it raised in the funding round but said a number of ultra-high net worth private investors and tech angels have also participated.

Available in 20 countries in Asia Pacific, TechStorm operates a 24-hour channel programmed in HD showcases featuring first-run and exclusive entertainment across tech and entrepreneurship themes. It is owned by TechTV Network Pte Ltd.

In less than two months, the TV channe4l claims to have reached 1.3 million payTV subscriber households with an audience of 5.2 million in Indonesia, the Philippines, and Singapore. It seeks to achieve an audience of 100 million in three years.