EngageRocket Team
Finance
HR tech startup EngageRocket secures US$3M in Series A funding led by Qualgro
EngageRocket, the employee engagement and performance software, announced a US$2.1 million investment led by Qualgro, a regional VC based in Singapore.
Existing investors SeedPlus, Found. Ventures, and JobsCentral co-founder Huang Shao-Ning were among those who increased their investment into the company.
EngageRocket has just opened a new office in Jakarta in addition to its Singapore HQ, while exploring other Southeast Asian markets.
The company aims to triple its revenue in 2020 and double its headcount, specifically adding advanced capabilities in engineering, people science, as well as in customer-facing roles in each SEA market to deliver personalised support.
Founded in 2016, EngageRocket offers enterprise customers a solution to make better people decisions with real-time analytics. Its intelligent platform empowers HR professionals to gain better visibility into their organisation’s health and performance.
Singapore’s City Development Limited invests in property tech startup Pupil
Singapore-based City Development Limited has invested in London-based AI startup Pupil, a real estate measurement platform. The funding round brought the total raised since the company was launched in 2016 to US$26.3 million.
This funding follows an oversubscribed angel funding round and values Pupil at over US$100 million.
As the lead investors in this round, City Developments Limited acquires a minority stake alongside a number of US-based investors who were early backers of Rightmove, several European family offices, high net worth individuals, and the managers of some of the world’s largest hedge funds.
Pupil was founded by entrepreneurs James D Marshall, Oliver Breach, and David Mullett to combine enterprise software and machine learning applications to measure the built world through its patent-pending digital twin technology.
Its first product Spec was launched in June 2019 and it has been rolled out across more than 500 estate agency branches, capturing and generating thousands of digital twins of residential property every month.
Chennai-operated CoreStack raises US$8.5M in Series A funding round led by Naya Ventures
CoreStack, a Seattle-based enterprise-cloud governance tech startup with R&D Centre in Chennai, announced a US$8.5 million in Series A funding round led by Naya Ventures with participation from strategic investors.
The company plans to add 20 more cloud specialists to its existing workforce of 64 in its Chennai R&D Centre by the end of 2020.
The fresh financing round will bring CoreStack’s total funding to US$13 million, enabling expansion of sales and marketing efforts. It will also accelerate product development in the area of Single and Multi-Cloud Enterprise Governance Solutions.
The company also expanded its Board with Dayakar Puskoor (Managing Director, Naya Ventures) joining CoreStack’s Board of Directors.
Also Read: IoT startup KeepTrax raises US$1M led by Naya Ventures
It was founded in 2016 by Ezhilarasan Natarajan, Sabapathy Arumugam, Krishnakumar Narayanan, and Thiruvalluvar NB.
Business
ViSenze, Pixibo partner to offer personalised product recommendation for online fashion customers
Singapore-based AI commerce company ViSenze has announced a partnership with Pixibo, a fashion retail platform that facilitates size and fit recommendation.
Also Read: Rakuten leads US$10.5M Series B in AI startup ViSenze
The integration of discovery and size recommendations will make buying decisions simpler for consumers and will hopefully help increase conversion rates and lower return rates for the retailer.
MatchMove announces bid for a digital full bank license with strategic partners Singapura Finance, Lightnet, others
Singapore-headquartered fintech company MatchMove confirmed that it has submitted an application for a Digital Full Bank License (DFBL) to the Monetary Authority of Singapore (MAS).
The MatchMove-led application brings together a consortium comprising of Singapura Finance Ltd, Lightnet Pte Ltd, and OpenPayd Holdings Ltd, all regulated financial institutions in their respective markets, with capabilities and experience across the spectrum of digital financial services.
Shailesh Naik, Founder and Group CEO of MatchMove commented, “At its core, MatchMove aims to improve the quality of people’s digital life by extending essential and safe banking services to them anytime anywhere. Our proposed digital Banking-as-a-Service will accelerate this objective by leveraging our existing and already available capabilities to address current pent up demand and reach digitally underserved segments like SMEs and gig workers, amongst others.”
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Image Credit: EngageRocket
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