Joseph Phua
M17’s Japan chief promoted as new global CEO
The story: Taiwan’s M17 Entertainment has appointed Hirofumi Ono as the new global CEO, replacing the incumbent Joseph Phua, who has stepped down from the top post to assume the role of non-executive Chairman.
Ono until recently led M17 Entertainment in Japan.
Under Ono’s leadership, M17 will aim to continue growing into a global live streaming platform.
Who is Ono?
Born in Sapporo in 1974, Ono completed his Bachelor’s Degree in biological sciences, and his master’s degree in science from The University of Tokyo.
After graduation, he participated in several mobile and media startups.
In 2000, he was the founding member and the first employee of CyberAgent Mobile Co., of which he retired in 2008 as Senior Managing Director.
In 2008, Ono co-founded Infinity Ventures, from which he acted as an investor and veteran entrepreneur, to found Rekoo Japan under Sunshine Ranch, Jimoty, Groupon Japan and Farfetch Japan. In addition, he started the “Infinity Ventures Summit”, the largest conference for entrepreneurs in Japan.
In 2017, Hiro started 17 Media Japan.
Ono retired from Infinity Ventures in July, 2020.
Impact investor SEAF Invests in CloudCfo
The story: Global impact investment fund manager SEAF has announced that its Women’s Opportunity Fund, SWOF, has invested in CloudCfo.
This is the second investment made by SWOF in the Philippines.
What is CloudCfo?: Established in 2016, CloudCfo offers the full range of outsourced finance services, including accounting, bookkeeping, tax compliance, financial reporting, payroll, budgeting, financial forecasts, catch-up accounting, strategic financial advisory and virtual CFO services.
Plans with the money: The startup will use the investment to grow faster across three key business areas — investment in technology, further development of its in-house expertise and people, and for the expansion of its services within the market.
India’s Captain Fresh raises US$2.3M
The story: Freshwater fish and seafood supply chain platform Captain Fresh has raised US$2.3 million in pre-series A round of funding.
Investors: Ankur Capital (lead), Incubate Fund India and Silicon Valley based angel investors.
Plans with the money: The fundraise will be used to invest in technologies like computer vision, IoT, bots, data analytics to digitise and drive efficiencies across the supply chain. Additionally, it will expand to new cities and add key hires to build a mission driven world-class team.
What is Captain Fresh?: It is building a trusted seafood supply chain by bringing in intelligence for superior demand-supply matching, enabling e-auctions for sourcing, standardising supplies and maintaining digital traceability systems.
Captain Fresh works with leading brands in the modern trade channel as well as the pioneers in the online meat and seafood space.
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