Space tech reveals itself to be more than just about the galaxy far, far away. It is ingrained in the more down-to-earth activities such as GPS and communications. It also has a lot to do with the effective application of disaster management, agriculture, and tourism, as well as border disputes and security.
International moving service provider, Moovaz, announced that it has secured a Series A investment from Quest Ventures. This investment is a part of the US$7 million Series A funding round that was announced earlier from Supply Chain Angels, SGInnovate as well as other strategic investors.
Singapore’s Mighty Jaxx, a startup that designs and manufactures collectibles and lifestyle products, said it has raised an additional S$4.5 million (US$3.2 million) to round out its pre-series A round.
AI.Reverie, the Computer Vision company that generates synthetic data to train algorithms, today announced that it has completed a $5.6 million equity round of financing. Vulcan Capital led the round, and other institutional investors included Compound, In-Q-Tel, Resolute Ventures, SGInnovate, TechNexus and Triphammer Ventures.
In the ninth edition of Singapore Business Review’s 20 Hottest Startups, it was the small and medium enterprise (SME)-focused neobank Aspire that clinched the top spot, with $45.03m (US$32.5m) in funding from a series A round. These 20 startups raised an average funding amount of about $7.85m, which was a 47.32% plunge from the 2018 average of $14.9m.
Singapore-based logistics startup Moovaz has secured an undisclosed Series A investment from government-owned Deep Tech investor SGInnovate, and Supply Chain Angels (SCAngels).