News & Analysis

Catcha Group is about to invest up to $100 million into high growth stage startups in South East Asia

- October 29, 2014 3 MIN READ

Yesterday, Catcha Group announced the launch of Catcha Ventures, its investment arm which will focus on funding high growth new media, technology and mobile companies in the South East Asian region. In a media release, the company stated it would invest between USD$50 to $100 million in chosen companies over the next three to five year period.

News & Analysis

Ninja Blocks secures an additional USD$700,000 to propel the launch of new product Ninja Sphere

- October 28, 2014 2 MIN READ

Home intelligence startup Ninja Blocks has today announced a USD$700,000 capital raise. The news follows a successful Kickstarter crowdfunding campaign completed in January through which the startup raised a little over $700,000, more than six times its pledged amount. Investors in the latest fund round are both local and international, and include SingTel Innov8, Blackbird Ventures and 500 Startups.

News & Analysis

Startups Posse and Beat the Q merge to catapult growth

- October 28, 2014 3 MIN READ

Posse and Beat the Q have today announced a merger that will assist in companies’ growth trajectory. Together, the startups want to create the “Uber or Airbnb of shopping”. Posse and Beat the Q both have strong traction; collectively, they will have 500,000 users, 56,000 shop relationships and handle over 400,000 transactions per month.

News & Analysis

Australian startup Newzulu to acquire Canadian media company Filemobile for over AUD$5 million

- October 23, 2014 2 MIN READ

Crowdsourced news distribution startup Newzulu has entered into a binding agreement to acquire Toronto-based media company Filemobile for approximately AUD$5.06 million (CD$5 million), depending on a number of conditions. To fund the acquisition, Newzulu will undertake a capital raise, details of which will be released at a later date. Newzulu will re-comply with Chapters 1 and 2 of the ASX Listing Rules in respect to the acquisition.

News & Analysis

VC fund conducts unusual experiment to identify future startup founders

- October 23, 2014 3 MIN READ

Bloomberg BETA, a recently-launched $75 million venture capital fund backed by US media group Bloomberg, conducted a study in a rather unusual manner to determine what kind of people are likely to become successful startup entrepreneurs. And as it turns out, you don’t have to be young like Facebook’s founder and our generation’s poster child of success Mark Zuckerberg to do it.