Singapore’s Infocomm to invest in Israeli tech startups

Singapore state backed fund Infocomm Investments Pte Ltd plans to make direct investments in Israeli tech startup companies, a report said.

International wire agency Reuters, quoted Alex Lin, head of Infocomm Investments ,the investment arm of Infocomm Development Authority of Singapore (IDA), as stating that the fund was in talks with several Israeli startup companies.

Lin however did not divulge details of the companies Infocomm is in talks with, and also did not specify the potential investment size.

Israel is regarded among the most successful startup destinations out Silicon Valley in the US.

Active in supporting global tech startups in their expansion to the huge and growing markets in Asia for the past 15 years, Infocomm Investments is likely to offer, to Israel’s highly coveted technology sector, a strong knowledge of the opportunities in the Asian market.

It will also offer direct connections to a wide network of investors, venture capitalists, entrepreneurial talents and potential partners across the private and public sectors in Singapore  and Asia.

Currently, most Israeli companies look to US for both expansion and funding.

It is likely that Infocomm will also extend its strategy – which involves co-investing with other leading venture capitalists in high growth, innovation-driven tech startups – to Israel also.

This marks the latest in a series of initiatives from the company expanding operations to across the globe. Earlier this year, the the IDA had said it would be offering $200 million in funding to startups in the US in an attempt to bring more American startups to the city-state. The IDA had made this announcement as it kicked off its San Francisco office.

In late 2014, Infocomm Investments had also launched its London office with the aim of investing in UK and European based startups. It had also financed a London-based fintech accelerator run by Startupbootcamp. 

Also Read: 

Singapore’s Infocomm launches integrated start-up facility BASH

IDA’s $200m fund to attract US startups to SG

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.