Start@SG: SiSaf gets $4.8m from Vickers, Exen Capital

SiSaf gets $4.8m from Vickers, Exen Capital

Singapore-headquartered venture capital firm Vickers Venture Partners and Exen Capital have invested US$3.5 million (S$4.8 million) in silicon nanotechnology drug delivery company SiSaf.

Invest Northern Ireland, an investor in earlier rounds, also joined this fund raising.

The company was founded in 2008 and is based in Belfast. Its technology allows some types of drugs to be administered more effectively.

The funding will be used for expanding into new markets and ramping up product research and development.

"We see a new wave of innovative medicine emerging from recent breakthroughs in the life sciences. However, getting these medicine to the right place in the body and at the right dose remains hugely challenging," said Vickers Venture Partners vice-chairman Elkhalil Binebine.

"SiSaf's technology changes the game in drug formulation, by enabling the packaging and delivery of drugs that cannot otherwise be formulated," he added.


Marvelstone Group to launch fintech facility

Singapore-headquartered private investment firm Marvelstone Group will open a 30,000 sq ft fintech hub here in November.

LATTICE80, as it is called, will be in the Central Business District. It aims to help fintech start-ups expand, support existing companies and financial institutions in adopting new technologies, and form public-private partnerships to develop new tech and financial infrastructure.

"Singapore, being a traditional financial and trading hub, has the legal infrastructure and access to global investors that budding fintech companies would look for," said Marvelstone Group chairman Joe Seunghyun Cho.


Spiking closes $1.03m seed round

Social trading mobile application Spiking has raised $1.03 million in seed funding.

The platform helps traders follow big investors as they buy and sell shares on the stock market.

"With the funding secured, we will ramp up product development to introduce new features and a higher level of functionality, with insights from big data analysis.

"We are also scaling up and have expanded our data coverage to include 10 stock exchanges in eight countries in the region," said Mr Clemen Chiang, founder and chief executive of Aly, the company behind the app.

Chia Yan Min

A version of this article appeared in the print edition of The Straits Times on September 22, 2016, with the headline 'Start@SG'. Print Edition | Subscribe