Singapore’s Fundnel, India’s Anthill collaborate to leverage portfolio startups

Visual of Anthill Ventures' website.

Singapore and Hong Kong-based collaborative investment platform Fundnel Limited has entered into an official partnership with India’s Anthill Ventures, to give startups in their respective portfolio access to each other’s platform for capital raising.

The partnership will allow all startups in Anthill and Fundnel’s portfolios to raise more funds, expand their business and reach out to a wider clientele base, the company said in a statement.

Anthill is a leading venture builder in India, engaged in early stage business development. Startups in Anthill’s portfolio are placed in a six month speed scaling programme that offers inhouse mentorship, funding and training called Ant Factory, after which they will seek Series A financing for the continual success of their ventures.

With access to Fundnel, the startups will get placed onto Fundnel’s platform for the completion of their fundraising campaign.

Fundnel will also provide Anthill with a pipeline of new startups from Southeast Asia for incubation in Ant Factory.

At the same time, both Anthill and Fundnel will have the opportunity to gain access to each other’s network of investors, industry experts and partners within Asia.

Fundnel co-founder Kelvin Lee commented that the strategic collaboration initiative with Anthill is a pledge of confidence to execute deals across Fundnel’s established network in the region.

“In addition, Anthill will act as our proxy to India’s market and provide a steady pipeline of deal flow to our fundraising platform, and vice versa. This reiterates our mission of bridging funds from the crowd to local and regional SMEs. Ultimately, we hope to work together to build a holistic ecosystem that will sustain and grow the startup community in Asia.”

Two weeks ago, Fundnel announced six completed deals worth approximately $5 million for startups on its platform.

In 2015, Anthill nurtured and secured funding for 15 startups in the marketplaces or marketplace enabler sectors from diverse Industry verticals such as automotive, education, entertainment, and social impact.

The company is targeting to increase their portfolio to over 100 startups in more diversified sectors for 2016.

Anthill founder and chief accelerator Prasad Vanga said: “With our stringent due diligence procedures in place, we are confident of placing credible enterprises with high growth potential onto Fundnel’s platform for subsequent developments. We look forward to combining our network and expertise in order to foster and fundraise promising SMEs within the growing startup ecosystem.”

Also Read:

Singapore: Fundnel launches collaborative investment platform, linking public investors to opportunities among SMEs

Indonesian investment intelligence platform Stockbit raises seed funding from Ideosource   

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.