PH Digest: WSI backs tech startup CloudSwyft; Revolution Precrafted enters Zimbabwe

Source: Revolution Precrafted

Philippine tech startup CloudSwyft has raised an undisclosed amount from IT distribution firm WSI Group while property-technology unicorn Revolution Precrafted has entered Zimbabwe, its first market in Africa.

Tech firm CloudSwyft secures funding from WSI Group

CloudSwyft, a technology skills-focused learning platform firm based in the Philippines, has announced raising an undisclosed amount from WSI Group, one of the largest IT distribution firms in the country, to support its market expansion across the Asia Pacific.

The firm offers an IT-Labs-as-a-Service platform that allows companies to create and manage IT training and assessments, among others. It also offers verified certificates for industry credentials that can be used by students or employees, in partnership with tech giants such as Microsoft. It generates revenue through platform subscription, as well as certificate vouchers.

Founded in 2015 by Dann Angelo De Guzman, CloudSwyft had raised $736,000 from Future Now Ventures, one of the most active Australia- and Philippine-based venture capital firms in 2015 and 2016.

In a statement, the company said the investment from WSI will help kick-start its market expansion across the Asia-Pacific region.

“We have been pretty silent about our progress because we have been focused on bringing results. Now this is where we are heading and we are just getting started,” De Guzman said.

Proptech unicorn Revolution Precrafted enters Zimbabwe

Philippine-based unicorn property technology (proptech) startup Revolution Precrafted continues its worldwide expansion mode, this time sealing a deal to build prefabricated medical pop-up structures in Zimbabwe.

Zimbabwe is the first African market for the prefab firm and its 25th globally.

In a statement, the company said it has signed a non-exclusive dealership agreement with Zimbabwe-based investment firm African Tsaleach Private Limited to produce modular medical pop-ups.

Revolution Precrafted said African Tsaleach requested for an initial order of six industrial-type medical office facilities measuring at least 1,000 square metres each.

These units will be converted to clinics and consultation centres to be stationed in Bulawayo, the second largest city in the country with a population of nearly 700,000.

“In our own little way, we hope that through these medical pop-ups, we can help improve the delivery of medical services in Zimbabwe,” said Robbie Antonio, Founder and CEO of Revolution Precrafted.

Also Read:

PH proptech unicorn Revolution Precrafted looks to raise $100m Series C next year

Philippines: Proptech unicorn Revolution Precrafted expands footprint to Peru

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.