Southeast Asia’s venture ecosystem pledges to support a community-led database for startups talents impacted by COVID-19
Saison Capital, FutureLabs, Jungle Ventures, Alpha JWC, Convergence Ventures, Patamar Capital, Rainmaking, TRIVE Ventures, and Tribe Accelerator are among the Southeast Asian venture capital firms that have pledged to support a community-led talent database to bridge laid off startup employees impacted by COVID-19 with new opportunities.
The official statement said that the initiative is inspired by a similar venture-led list in the US.
“We want conversations to happen so those good folks can find the right companies to thrive in. Doing well in a startup environment is more than about skill sets; it’s also about multi-tasking, taking ownership and dealing with chaos. Especially in tough times, talent remains the most important resource for any startup,” said Chris Sirisereepaph, Partner at Saison Capital.
“Individual VCs, founders or startup teams can make their own talent posting by filling out a form on the site. This will be added to the database once it can be verified that it’s come from a real person,” said Chia Jeng Yang, Principal from Saison Capital.
“The talent database is public and transparent so that the community can take the initiative to organically reach out to the right people on an individual basis,” he continued.
These are 10 fintech startup joining F10’s first incubation programme in Singapore
F10, Swiss fintech Incubator & Accelerator, has marked its expansion to Singapore this year by welcoming pre-seed and seed-stage fintech, regtech, as well as insurtech startups into its worldwide collaboration and incubation programme.
According to an article by Fintech News Singapore, the first batch of the P2, the Prototype to Product programme in Singapore will start in May 2020.
The 10 startups are:
Bond180, a startup that aims to make debt markets faster, cheaper, and better with its data-driven reverse enquiry engine for alternative and private debt.
DEXTF, an on-chain non-custodial asset management protocol on blockchain that empowers professionals and financial institutions to effortlessly create and manage digital-native funds.
Fencore, an enterprise data management platform designed to make data management easy for financial institutions.
HedgeSPA, a core platform for global, full-multi-asset investing by institutions powered by AI, big data, and high-performance computing.
Inkredo, a startup that gathers data intelligence from financial PDFs.
Maesh, a Stripe-like fintech that instead of cards, allows consumers to pay to online merchants using their bank’s app.
NOTARUM, a startup that empowers the compliance team to conduct better due diligence checks faster, as a fraction of the cost.
PiChain, a regtech with a mission to make compliance sustainable using a cognitive platform for sustainable compliance via AI and blockchain.
Staple, a startup that can read, interpret, and extract data from business and finance documents regardless of layout, format, or language.
Tokenomatic, a startup that focusses on asset management platforms for creating, managing, and trading portfolios of digital assets.
“When selecting startups for our programmes, we ensure that the teams address challenges that the global finance industry is currently facing. In accordance with the Corporate Members, we have placed the focus on data management, asset management and regulation for the first batch in Singapore. The underlying technologies used by the startups are mainly AI, Big Data, and DLT,” said Lisa Schröder, Operations & Program Lead at F10 Singapore.
F10 Corporate Members in Singapore will have access to startups with the opportunity to collaborate with them. Three Members are already on board in Singapore, namely SIX, Julius Baer, and R3.
US-based gene therapy startup ElevateBio raises funding from EDBI, Vertex Ventures
EDBI and Vertex Ventures, Singapore-based venture capital firms, have taken a part in the US$170 million Series B round for ElevateBio, a startup that builds and operates a portfolio of cell and gene therapy in the US. Both VC firms joined other investors such as US private equity firms The Invus Group and Surveyor Capital, and existing investors like F2 Ventures, MPM Capital, EcoR1 Capital, Redmile Group, and Samsara BioCapital.
Also Read: Swiss fintech incubator F10 enters Singapore, soon to kick off accelerator programme
EDBI is the investment arm of Singapore’s Economic Development Board, and Vertex Ventures is backed by Temasek. As reported by Business Times Singapore, both are first-time investors in the US-based startup.
The funding is said to be used for centralising 140,000 square foot innovation and manufacturing hub, BaseCamp, that provides cell and gene expertise for ElevateBio’s portfolio companies and strategic partners, as well as for starting clinical studies. It is to become a fully operational manufacturing that complies with Food and Drug Administration regulations in the US.
Grab welcomes Peter Oey as Chief Financial Officer
Peter Oey, Grab’s newly appointed CFO
Grab announces today that it has added corporate finance veteran, Peter Oey, as Chief Financial Officer.
Oey brings over 20 years of corporate financial and strategic planning experience to Grab, joining from legal technology solutions provider LegalZoom where he served as CFO for more than five years. Prior to LegalZoom, he was CFO of MyLife.com, a US consumer internet business, and spent over 12 years at Activision Blizzard in various roles including VP, Corporate Controller.
Based in Singapore, Oey will report directly to Anthony Tan, Grab’s Group CEO and Co-Founder. Oey will helm Grab’s finance operations, treasury, tax, procurement, and real estate and facilities department while also work closely with Grab’s President Ming Maa, who will continue to lead strategic business planning for the company.
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