EDBI

EDBI and SEEDS Capital to dole out S$285m startup support

THE S$285 million Special Situation Fund for Startups (SSFS) will be administered by EDBI, the corporate investment arm of Economic Development Board, as well as Seeds Capital, the investment arm of...

Startups continue to raise funds amid Covid-19

STARTUPS in South-east Asia have continued to close funding rounds despite the slowdown in investor activity due to the economic impact of Covid-19. Companies from logistics service providers to...

ByteDance hunts for Singapore tech talent in global hiring spree

EVEN amid the headwinds of Covid-19, Chinese tech giant ByteDance, which owns the popular video app TikTok, is on a recruitment blitz. The startup, which is reportedly worth US$75 billion, is...

EDBI joins dental 3D printing firm's latest funding round

SINGAPORE Economic Development Board corporate investment arm EDBI is among the investors in dental 3D printing firm Structo's latest funding round, which closes on Oct 15, EDBI told The Business...

How long can Carousell go without monetisation breakthrough?

AS it enters its eighth year, Singapore's marquee startup, Carousell, could face pressure to show that its monetisation strategy is actually getting somewhere instead of being stuck on a merry-go-...

EDB eyes investments in tech, ICT, healthcare

AS a Singapore-based investor, self-proclaimed to be "Singapore-first" and to have a "unique" position in the venture capital and private equity community, EDBI has identified deep tech, ICT (...

Indonesian fintech startup Moka raises US$24m in Series B funding

INDONESIAN cloud-based point-of-sale (POS) system startup Moka has raised US$24 million in a Series B funding round, with EDBI - the investment arm of the Economic Development Board - among the...

EDBI joins US$42m funding round for software automation company Puppet

EDBI - the investment arm of the Economic Development Board - has joined in the latest US$42 million funding round for DevOps (development operations) and automation company Puppet.

Carousell snags US$85m in new funding by investors including DBS

CAROUSELL, Singapore's poster startup and online classifieds app, has raised US$85 million in Series C funding - a round The Business Times has learnt is entirely equity and does not include debt...

EDBI joins US$500m funding round for US biotech Moderna

EDBI, the investment arm of the Singapore Economic Development Board, has joined a group of investors in a US$500 million (S$656 million) funding round for US biotech Moderna Therapeutics.

Magic Leap names EDBI, Temasek as investors in US$502m funding round

A MIXED and augmented reality startup has attracted a new US$502 million cash infusion led by Singapore's investment firm Temasek Holdings.