Singapore’s Vulpes Investment Management has backed a $25 million funding round in New Zealand-based investment platform Sharesies, while Vietnam’s technology group NextTech has launched NextOn.vn, the first platform to train live streamers with the aim of boosting the e-commerce sector in the country.
Vulpes backs $25m round in Sharesies
Singapore-based fund manager Vulpes Investment Management has participated in a $25 million funding round in New Zealand-based investment platform Sharesies.
This investment, which was made through Vulpes Special Opportunities Fund, is the ninth investment from the fund since July, Field Pickering, COO and general counsel of Vulpes Investment Management told us in an interaction.
Sharesies is the developer of a micro-investment platform intended to make investing more accessible for everyone.
The company’s platform facilitates investments into a range of investment funds and products, across industries, based on investors’ risk tolerance without the minimum buy-in criteria, enabling users to access the entire gamut of investment opportunities without being constrained by capital inadequacy.
The company will use the funds to expand its platform and support its expansion in Australia.
In June, Vulpes Investment Management launched a special opportunities venture fund aimed at investing in companies affected by the COVID-19 crisis. It did not disclose the size of the fund.
Vulpes was founded in 2011 by Stephen Diggle, co-founder of Artradis Fund Management, an Asia-based hedge fund. The firm has been managing third party funds since 2001 and actively managing venture capital in Southeast Asia since 2008.
NextTech Group launches livestream training platform
Vietnam’s technology group NextTech has launched NextOn.vn, the first platform to train live streamers with the aim of boosting the e-commerce sector in the country.
Accordingly, NextOn will provide the knowledge, skills, techniques and experience for hundreds of thousands of live streamers in Vietnam as well as connect them with e-commerce platforms and sales tools developed under NextTech’s ecosystem.
NextOn will launch the first live stream course in Hanoi in mid-December 2020 and then continuously hold many subsequent courses nationwide in 2021.
Vietnam every day has about 70,000-80,000 sales live streams via social networking platforms and about 2 and a half million via e-commerce platforms, according to figures showed by GoStream, a startup providing a live streaming platform for online business, who is the winner of Techfest Vietnam 2020.
Vietnam’s digital economy is expected to reach $14 billion in 2020, increase 16 per cent year-on-year, and will likely reach $52 billion in 2025, according to a recent report from Google, Temasek and Bain & Company.
