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The Venture Codex

Infocomm Investments

10 Pasir Panjang Road #10-01 Mapletree Business City, Singapore, 117438

Overview

Managing more than $200 million, Infocomm Investments builds and invests in start-up companies in Singapore and globally. Through our investments, global reach, and partnerships across private and public sectors, we accelerate the development of start-ups in their formative phase, and invest further as they move forward with growth and expansion. We play a central role in building a vibrant tech start-up ecosystem in Singapore, and we are a wholly-owned subsidiary of the Infocomm Development Authority of Singapore.

Total investments
6
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Analytics
  • Big Data
  • E-Commerce
  • FinTech
  • Incubators
  • Venture Capital
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Investment portfolio

  • Glints

    Participated · Series A · Sep 2016

    Glints operates a talent development and recruitment platform that connects employers with professionals across five markets. Its platform hosts three million professionals and 50,000 companies, including AIA, IKEA, GetGo, KKday and Gameloft. The company says annual revenue and gross profits grew 2.5x year-over-year and that annual revenue has been growing at a triple-digit percentage. Glints reports positive contribution margins across all business units, with Indonesia and Vietnam remaining profitable. Remote hiring is a major growth driver: remote cross-border job postings grew more than 3x year-over-year and over 11x in the past two years. The company plans to expand its talent supply base in the Philippines, grow employer demand globally, and hire for its product and tech teams. Glints operates a full-stack career platform that includes a job marketplace, community features, and online skills education targeted at young to mid-level professionals. The platform hosts more than 7,000 active job listings and attracts roughly 4 million visitors per month. Glints says it has been used by over 1.5 million professionals and 30,000 organizations, including Gojek, Tokopedia, Starbucks and Mediacorp. One of its products, TalentHub, is a cross-border remote work hub that doubled its business in 2020 as employers became more open to remote hiring. The company positions itself as a solution to regional tech talent shortages by helping firms hire teams across Southeast Asian countries. Glints plans to use new capital to expand further in Singapore, Indonesia, Vietnam and Taiwan and to hire for its product and engineering teams. Glints is a Singapore-headquartered recruitment and hiring platform. The company is described in the article as a recruitment platform. Glints has raised $6.8 million in a Series B round led by Monk’s Hill Ventures, according to a statement. The article identifies the financing as a Series B round. No other investors or additional financial details were disclosed in the article. The article did not provide operating metrics, future plans, or use-of-proceeds information. Glints operates a career discovery and development platform that helps young people explore internships, graduate roles and professional-development resources in Singapore. The platform aims to guide users to discover career paths and develop the right skill sets while enabling employers to attract suitable talent. It lists internships, graduate jobs and career-development content and tools for early-career professionals. The company is led by Oswald Yeo, Ying Cong Seah and Qin En Looi. Glints raised funding to support regional expansion and product development. The company reported a $2M Series A to finance those plans. Glints is a Singapore-based platform that helps graduates and students enter the workforce by pairing job and internship listings with training, employer challenges, personality tests and profile badges. It operates a talent-scout model where employers list vacancies for free and pay only when they interview a candidate. The site reports over 7,000 registered students and some 600 companies on its platform in Singapore. Glints runs employer-set challenges (examples include Easy Taxi and SPH) to give candidates practical experience and badges to help them stand out. The founding team graduated accelerator JFDI Asia and includes three founders who deferred graduate-school offers. The company is weighing regional expansion (Indonesia or the U.S.) later in the year and expects to seek another funding round to support growth. The business recently closed a seed financing of SG$475,000 (US$380,000).

  • TabSquare

    Participated · Series A · Apr 2016

    TabSquare provides AI-powered restaurant solutions including TabSquare SmartTab (a customised tablet menu for recommendations, ordering, promotions and payments), TabSquare SmartApp (to extend restaurants beyond the physical store), and TabSquare Nucleus (a cloud-based data warehouse and analytics engine). The company says its software runs on over 6,000 devices serving more than 12 million diners and processes about six million orders annually. TabSquare plans to use new funding to enhance its AI tech, grow its geographic presence across Asia‑Pacific (including Australia, Indonesia, Malaysia, Singapore and Thailand), and increase manpower to support growth. The product suite lets restaurants update menus in real time and provides analytics to understand consumer behaviour and spending patterns. TabSquare was founded in 2012 by Chirag Tejuja, Sankaran Sreeraman, and Anshul Gupta. No revenue figures were disclosed in the article. TabSquare operates a restaurant management platform serving the foodservice industry in Singapore. The company provides software to help restaurants manage operations via its platform. It completed a Series A financing, raising S$3.5 million (approximately $2.57 million). The round was led by Walden International with participation from Infocomm Investments Pte Ltd, Phillip Private Equity and investor Ivan Lee’s vehicle, Raging Bull. The article does not disclose operating metrics, product roadmap details, or other financial information.

  • Mobilewalla

    Participated · Equity · Feb 2013

    Mobilewalla operates a consumer-intelligence mobile platform that uses big data, AI and machine learning to deliver granular demographic, behavioral and systems-usage insights. The platform covers more than 1.3 billion consumers across 31 countries and is a Nielsen-verified provider of mobile audience insights. Mobilewalla’s business model is licensing data to B2C enterprises, with customers in telecom, retail, CPG and financial services. The company says it is GDPR-compliant, does not collect personally identifiable information, engaged a privacy-focused law firm, and appointed Jay Clark as Data Protection Officer in November 2017. Near-term plans include expanding the global footprint (Japan, Korea, Australia), establishing a U.S. enterprise revenue team, and increasing engineering and data-science headcount. Mobilewalla offers app search/discovery and an app developer analytics platform that aims to produce "Quantcast-like" mobile audience measurements by organizing mobile users into demographic groups. The company clusters nearly 2 million indexed apps into small buckets (roughly ~100 apps per bucket) using machine learning and big-data techniques, assigning each bucket a reference app with known demographics. Clients query Mobilewalla's APIs to return apps matching narrow demographic selections in real time; early customers include InMobi and several real-time bidding exchanges. Since debuting its analytics in March the service amassed over 3,500 publishers and the company now maintains about 65 terabytes of app data (it had previously amassed ~50 TB and was adding ~1 TB per week). Mobilewalla plans to expand engineering and product management headcount, grow from a 13-person team to about 30 employees in six months, and relocate from Atlanta to Seattle. The company took its first outside capital with this recent funding; the article does not disclose valuation or instrument specifics.

  • Quid

    Participated · Series C · Jul 2011

    Quid describes itself as “the artificial intelligence company that accelerates research and insights to address the world’s most complex issues.” The company processes millions of documents and creates visual maps of the results, for example helping a business visualize the online response to a product launch. Quid broadened its scope from tracking emerging technologies (as it did in 2010) to a wider set of research and insight applications. It launched its current platform at the beginning of last year and says it has signed up 80 clients since that launch. Customers cited in coverage include Hyundai, Microsoft, and the Boston Consulting Group. Quid recently announced a $39 million Series D round. Quid builds software that visualizes trends across the tech industry, selling subscriptions to blue‑chip clients. The company’s platform is used by customers such as Microsoft, which pays about $1 million annually for a subscription. Quid plans to use new funding to hire 18 additional engineers on top of its current 45‑person team and to further develop its product. Management says it will focus first on nailing the tech sector and then expand into other industries. CEO Bob Goodson frames the product as a tool to mine insights from rapidly growing volumes of data and help customers make more informed decisions.

  • Guardtime

    Participated · Series A · May 2010

    GuardTime offers a service architecture that provides independently verifiable proof of data integrity, a capability often required by companies and financial organizations. The company’s solution produces proof that depends solely on the data itself and is independent of storage device, third-party validation, or secret keys, according to CEO Mike Gault. GuardTime positions its offering as an alternative to expensive hardware/software and rigid internal processes from vendors such as EMC, IBM, or Hitachi Data Systems. The company said it will use the $8M Series A to help roll out its global infrastructure for delivering its provable data integrity service. GuardTime was founded by cryptography experts Dr. Märt Saarepera and Dr. Ahto Buldas along with Joi Ito and Ambient Sound Investments. The company was founded in Estonia and is headquartered in Japan.

Team

No current team members are available.