EDBI

Global Economy

Briefs: GVT confirms plans for secondary listing on Bursa Malaysia, Taylor Swift endorses Harris for US president

Other news: Economists upgrade Singapore's GDP forecast in 2024; EDBI invests undisclosed amount in digital wealth platform Arta.
EDBI invests undisclosed amount into digital wealth platform Arta Finance ahead of its expansion into Singapore and glob - THE EDGE SINGAPORE

Fintech

EDBI invests undisclosed amount into digital wealth platform Arta Finance ahead of global expansion

Headquartered in both US and Singapore, Arta Finance will only be available to Singapore later this year.
IHH Healthcare, Sequoia India and EDBI part of investors in medtech start-up Us2.ai’s US$15 million series A round - THE EDGE SINGAPORE

Funds

IHH Healthcare, Sequoia India and EDBI part of investors in medtech start-up Us2.ai’s US$15 million series A round

This investment will enhance the delivery of care by doctors and speed up the diagnosis of heart conditions for the public:IHH CEO

Company in the news

Backed by EDBI and major Ikea franchisee, renovation platform Livspace turns unicorn with US$180 mil round led by KKR

Seven-year-old Livspace — now a unicorn — recently acquired a majority stake in Singapore-based home remodeling platform Qanvast.
Singapore unveils over $1 billion in new measures to boost equity financing for high-growth enterprises - THE EDGE SINGAPORE

Markets

Singapore unveils over $1 billion in new measures to boost equity financing for high-growth enterprises

Trade and Industry Minister Gan Kim Yong hopes the new measures will “blow new wind into the sails of our private equity market”.

Startups, Entrepreneurs, Digital economy

Singapore biotech startup MiRXES startup raises $104.1 mil in funding

The funding from investors was led by CR-CP Life Science Fund, as well as Rock Springs Capital, EDBI & CCB International Holdings.
Staying private vs going public: What are their downsides? - THE EDGE SINGAPORE

Markets

Staying private vs going public: What are their downsides?

Staying private means flexibility for companies to restructure while going public unlocks value for shareholders

Startups, Entrepreneurs, Digital economy

Eko.ai aims to disrupt cardiologists with AI

SINGAPORE (April 30): Until about three years ago, James Hare was happily retired and taking things easy. He had successfully listed an online travel start-up he co-founded and left the company to invest in several tech start-ups.

Company in the news

Cityneon gets EDBI boost as it looks to break into new markets

SINGAPORE (Aug 26): Cityneon Holdings, which was delisted from the Singapore Exchange (SGX) and privatised earlier this year, has gotten a shot in the arm from the investment arm of the Singapore Economic Development Board.

Startups, Entrepreneurs, Digital economy

ShopBack raises US$45 mil in latest funding round

SINGAPORE (Apr 10): ShopBack, the rewards and discovery platform, has secured US$45 million ($60.9 million) in its latest funding round, bringing the company’s total funding to US$83 million.
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