Trancelestial Technologies, a last-mile internet connectivity startup based in Singapore, has secured a US$9.6M in Series A round of investment, co-led by EDBI and Wavemaker Partners. The startup’s other investors include SGInnovate, Entrepreneur First, 500 Startups, Michael Seibel (CEO of Y-Combinator) and more.
Horizon Quantum Computing has increased its seed financing to SG$4.5 million (US$3.23 million) with Sequoia Capital India leading the extension, and participation from previous investors SGInnovate, Abies Ventures, DCVC, Qubit Protocol, Summer Capital and Posa CV.
Singapore’s startups are stepping up to adapt their current technologies in the battle against COVID-19, Dr Lim Jui, CEO of SGInnovate, told Fortune Times during a recent interview.
CapBridge, a private capital platform backed by the Singapore Exchange (SGX), has gotten equity investments from Singapore Government-owned Deep Tech investor SGInnovate and Hong Kong Government-linked Cyberport Macro Fund.
Entropica Labs, a Singapore-based Quantum Computing software startup, has raised S$2.6 million (US$1.8 million) in a seed funding round led by Elev8, a VC firm focused on Deep Tech opportunities. Other participating investors include SGInnovate, Wavemaker Partners, Lim Teck Lee Group, Japanese software firm TIS Inc, V1 Capital, and Entrepreneur First.
MicroPort Scientific Corporation announced that it has entered into definitive agreements with Singapore-based NDR Medical Technology Private Limited to lead a strategic investment of S$8 million in NDR in a Series A round of funding. Other investors include SGInnovate and Kava Ventures.