FoodRazor raises US$900K led by Cocoon Capital, aims to create a smart ecosystem
FoodRazor, the invoice management platform based in Singapore, announced that it has raised a US$900,000 seed financing round led by early-stage venture capital firm Cocoon Capital alongside Found.Ventures and angel investors.
Niles Toh, CEO, and Founder of FoodRazor, said that the company will use the fund to support FoodRazor’s expansion into new markets and to support other invoice-heavy industries such as accounting, manufacturing, and logistics.
FoodRazor offers an end-to-end online platform that seeks to address the pain point of F&B operators by saving time on menial data entry tasks and helping make smarter purchase decisions. It digitises the entire invoice management process as well as provides restaurants with actionable insights, price analytics, and streamlining of the accounting workflow by scanning and extracting information from paper receipts and imports each line item to leading accounting software packages.
Global companies, law firms launch an open industry platform for lawyers
A group of law firms and corporations have come together to support the development of Lupl, the open industry platform for legal matters. The venture is a result of more than 12 months of work with in-house and private practice lawyers and industry experts to “solve shared frustrations relating to the handling of legal matters”.
Lupl has been formed as an independent corporation to develop, own, and operate the open industry technology platform. It is currently incubated through its development by a trio of international law firms, CMS, Cooley, and Rajah & Tann Asia, working with input from an advisory board of 16 in-house lawyers from blue-chip multinationals to the world’s fastest-growing tech companies.
Also Read: Cocoon Capital announces US$22M second fund to invest in enterprise tech startups
The goal of Lupl is to synchronise everything that goes into a legal matter – including people, documents, information, communications, and technology applications – in a single secure space, empowering lawyers and legal departments to work together on complex, high-stakes legal matters in a better and more efficient way. An open approach means any legal department and the law firm will be able to use Lupl, and any technology provider will be able to integrate with it via open APIs.
Entrepreneur First launches the Amplifier Network talent affiliate programme, strengthening access to deep tech talent
Entrepreneur First (EF), the talent investor, has revealed its first line up of nine EF Amplifiers, as part of the Amplifier Network – its new and exclusive talent affiliate and advisor programme.
The Amplifier Network is designed to leverage synergies amongst key players in Singapore’s deep tech ecosystem by providing a structured platform for established industry professionals to refer talent to the EF programme. At the same time, it also aims to drive deeper connections and sparking collaboration within the global community.
The pioneer batch of EF Amplifiers consists of key individuals who have been significant to EF Singapore’s growth since its inception four years ago, which is a mix of business and public sector leaders, academics, investors, startup founders and advocates across the deep tech community, armed with global networks covering Asia, North America, and the UK.
Promising deep-tech entrepreneurs referred by EF’s Amplifiers will be granted priority access to interviews with the EF admissions team for consideration for the next cohort. EF Amplifiers will also be invited to participate in community programmes such as panel discussions, webinars, as well as regular community and cohort.
The EF Amplifiers will be participating in the Launch programme of EF Singapore’s seventh cohort, as well as in the preparation for the upcoming eight cohort in August.
Vietnam’s HR tech startup BravoHR secures seed funding from tech startup accelerator Zone Startups Vietnam
Zone Startups Vietnam, tech startup accelerator has invested seed funding in HR tech startup BravoHR, with the participation of former Google, Alibaba, and BCG executives-owned VC firm 1005 Ventures.
Also Read: E-commerce wars in Vietnam intensify. Here is all you need to know
According to DealStreetAsia, BravoHR was launched in August 2018 to provide digital solutions for staffing, employee benefits. and rewards.
Involved in the round is 1005 Ventures, the investment fund founded by former executives of Google, Alibaba, and BCG to support startups, especially in the fields of transportation, medical, and human resource management
Three Vietnamese tech startups receive funding from Viet Valley Ventures
Viet Valley Ventures, a Vietnam-based venture capital firm, has invested in three tech startups: mobile recruitment platform JobsGo, software solutions startup WindSoft, and marketing tech startup for e-commerce setup EcomEasy.
Viet Valley Ventures is a newly-established homegrown venture capital firm that was founded in 2019 by senior tech executives working in Silicon Valley. According to DealStreetAsia, it is seeking to invest US$200,000-US$500,000 in five startups each year in Vietnam.
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