Raising a seed stage funding round is an exciting milestone for every startup

July has come to an end. At e27, we have witnessed several exciting seed funding rounds invested into companies with mindblowing ideas, solid team, and a promise of great success this month.

Raising a seed stage funding round is an exciting milestone for every startup. Beyond helping startups realise an idea into a business, it enables them to further develop their products and bring in more manpower into their team. It also signifies the trust that investors have given to their product or service.

The following are some of the most notable seed stage funding rounds that we have covered in the month of July:

UrbanAgents
Amount: US$1.5 million
Investors: FarSight Capital, APAC Realty and angel investors.

Singapore-based property agent referral platform UrbanAgents said that the investment will be directed to maximise the use of AI to set commission guide for home sellers connecting to top agents in Singapore, making it fair for the home sellers to have a choice for performance-based commissions.

Memori
Amount: Undisclosed
Investors: An undisclosed Asian royal family member

A legacy planning service, Memori said that the investment will be used to grow the business in Brunei, Singapore, and Malaysia.

Also Read: No, Singapore seed stage is not dead

Lapasar
Amount: US$500,000
Investors: SeedPlus, NEXEA

B2B procurement platform Lapasar will use the capital to support product development to further automate ordering and request for quotation (RFQ) processes as well as to support business development activities.

Luxiee
Amount: “six-figure”
Investors: Kewee Kho (Vice Chairman of Roadbull Logistics and independent Director of Courts Asia)

Online marketplace for diamonds Luxiee said that the funds will be channelled towards marketing, branding, public relations and media placement, as well as to build the business’s talent pool.

Syfe
Amount: US$3.8 million
Investors: Unbound, David Rogers (MD, State Street Global Advisors), Paul Redbourn (MD and Head of Equities, UBS Japan), and Philip Freise (Partner at KKR)

With the funding round, wealth management platform Syfe also received the approval of Capital Markets Services Licence from the Monetary Authority of Singapore (MAS).

Leben Care Technologies
Amount: Undisclosed
Investors: IP Ventures

AI-powered retinal diagnostics and screening solutions provider Leben Care Technologies plans to use the funds to strengthen its product, sales and marketing teams.

Also Read: Techstars raises US$42M to expand its seed-stage accelerator in Southeast Asia

Halosis
Amount: US$1.2 million
Investors: Undisclosed

NLP-based chatbot service provider Halosis expects to raise its Series A round in late 2019 or early 2020.

Edusuite
Amount: US$235K+
Investors: Manila Angel Investors Network (MAIN), Batangas Eastern Colleges (BEC), and Sumulong College of Arts and Sciences

An AI-powered school management platform, Edusuite wants to use the funding for marketing, product development, and also to increase capacity.

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Image Credit: Max Goncharov on Unsplash

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