pre-seed
Indonesian fintech Orderfaz raises pre-seed round from 1982 Ventures
Developed for Indonesia’s unique social-centric online market
Indonesian social commerce market expected to reach US$90bil by 2028
Alpha Startups pre-accelerator Top 10 startups revealed
Of 100 applications, 10 will vie for US$11.3k pre-seed funding
Supported by MRANTI, Digital Penang, WORQ, and Google for Startups
1337 Ventures partners Suresh Thiru, Asgari Stephens to launch US$287k fund for Malaysian startups
Eight potential deals will be signed throughout the year, max US$35.8k per investment
Value-add beyond funding, offer advice to help scale the business, tap investor networks
Joel Neoh's KFit aims to make keeping fit fun, and social
Keeping fit is what has got Joel Neoh excited enough to base his new startup KFit on it. Not only is the market size large, he also sees a greater purpose – to help raise fitness and by association, health levels across Asia Pacific. And for starters, he believes he has possibly raised the largest pre-seed funding round in Asia.
Two-man startup Gigfairy secures US$28K pre-seed funding
Gigfairy, which operates a community marketplace that matches musicians with (what else?) gigs and promoters, said it has secured RM100,000 (approximately US$28,000) in pre-seed funding in a round led by Endeavor Capitals, an investment company based in Kuala Lumpur.
Star Accelerator Fund: Offers on table for four this week
Star Publications will be putting offers on the table to four companies it has shortlisted in the first round of the Star Accelerator Fund, which the media powerhouse launched in April.
An accelerator too far for The Star?
Malaysia's leading media group Star Publications took a major step into the ‘technopreneur’ space with the launch of The Star Accelerator Fund earlier this week, but amidst the bouquets there were some brickbats.
