SEA Digest: SG’s Vulpes backs Sharesies; VN’s NextTech to train live streamers

Photo by Josh Appel on Unsplash

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.

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.