
Expara Ventures
71 Ayer Rajah Crescent #02-10/11, Singapore, 139951
Overview
Expara IDM Ventures (EIDMV) is a leading provider of incubation and mentorship to early-stage interactive and digital media (IDM) companies in Singapore. EIDMV was one of the first private companies to be appointed as an incubator in the Interactive Digital Media Office (IDMPO)’s iJAM Microfunding Scheme supported by the National Research Foundation (NRF) in October 2007. Since then, we’ve invested S$5,000 on top of the S$50,000 disbursement from IDMPO into 16 start-ups. EIDMV’s iJAM I program has been highly successful, exceeding each of its KPIs and generating several of Singapore’s most exciting early-stage IDM companies. The team has a proven track record of successful follow-on fundraising for our incubatees; three companies have raised more than S$1MM in follow-on funding. EIDMV was again reappointed as an incubator in IDMPO’s new iJAM Mircofunding Scheme in April 2012, also known as iJAM Reload. EIDMV II was established late 2012 for the purpose of investment and incubation of future portfolio start-ups. The new scheme allows EIDMV II to match IDMPO’s funding of S$50,000 with an additional S$5,000 in Tier 1(similar to the initial program), followed by S$100,000 to S$100,000 match of IDMPO’s funding in Tier 2. The new management team which includes Douglas Abrams adds to the incubation experience and network which will strongly benefit these portfolio companies. EIDMV has close ties with two entities: Expara Pte Ltd, a venture creation company that develops and teaches entrepreneurship and innovation experiential-exercise-based learning programs for entrepreneurs, start-ups, companies and public institutions in Asia; and Extream Ventures Pte Ltd, an early-stage venture fund supported by NRF under the Early Stage Venture Funding Scheme. Douglas has helped raise S$20 million for Extream Ventures, in which he is one of four GPs.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 5
Investment portfolio
- WisePass
Led · Equity · Oct 2017
WisePass provides a monthly subscription that entitles members to a free bottle every night at lunch or dinner at selected venues, including restaurants, 5‑star hotels, bars and clubs. The service is delivered through iOS and Android apps. The company was founded in 2016 by Lam Tran and currently operates in Ho Chi Minh City and Hanoi. WisePass plans to use new funding to expand into Southeast Asia. The article notes a recent $400k funding round led by Expara Ventures as part of its current financial position. No revenue or user metrics are disclosed in the article.
- STYLHUNT
Participated · Series A · Jan 2016
STYLHUNT operates a platform focused on trust and discovery for social media-driven shopping. The company is based in Thailand. It raised close to $500,000 in a Pre-Series A round. The round was led by CyberAgent Ventures. Other participants included 500TukTuks, Expara Ventures, Singapore Angel Network, and Paul Pattarapon Sinlapajan. The article did not disclose revenue, user metrics, valuation, or specific use of proceeds.