Start Singapore: Viddsee gets $3.3m funding for expansion

Viddsee gets $3.3m funding for expansion

Mobile video platform start-up Viddsee has won US$2.3 million (S$3.3 million) in funding for business expansion and taking on more staff.

The funding round was led by Japanese venture capital firm CyberAgent Ventures. Other investors were not disclosed.

Co-founder Derek Tan said he will hire marketers, writers and developers to expand the business to neighbouring countries. The three-year-old start-up employs 13 people. Eight work here, with the other five spread across Malaysia, Indonesia and Taiwan.

Viddsee hosts about 1,000 short movies. The average length is about 10 minutes. It now has about 2.5 million monthly users, dramatically up from 50,000 last year.

Mr Tan said: "We've built an ecosystem where we know the film-makers and our audience. The consumer brands come to us because they want to reach this audience in a short video story. So we introduce them to film-makers."

About 10 of these movies have been made. They pay to get the short films made and this forms a revenue stream for Viddsee.


Former IDA official joins Alpha7 board

Local enterprise software start-up Alpha7 has appointed Mr James Kang to its board of directors. Mr Kang was previously the assistant chief executive of the Infocomm Development Authority (IDA).

He said: "In Singapore's roadmap to building a Smart Nation, the effective use of technology is the cornerstone to achieving the vision."

The start-up is making enterprise technology used by Fortune 500 companies affordable to local and regional businesses, he said in a media statement.


Learn to become a venture capitalist

Here is a chance for would-be venture capitalists to learn the tools of the trade. They can become a management associate with Infocomm Investments (IIPL), the venture arm of the Infocomm Development Authority.

Over 18 months, they learn the ABCs of entrepreneurship, venture capital and innovation. They get an in-depth introduction to the start-up ecosystem, pick up skills such as portfolio management and learn about tools such as lean start-up methodology.

IIPL's executive manager of human resources, Ms Juliana Lim, said: "We're looking for driven candidates with an entrepreneurial mind, willing to embark on an exciting journey down an unbeaten path with us."

IIPL is partnering online recruitment start-up Glints to reach out to final-year university students. Called IIPL's Management Associate Track (iMat), the inaugural intake is from next January. Those interested can apply at https://glints.com/imat/


Start-up engineering for non-technical founders

Many people may have an idea for a mobile app or a business but do not act on them because of a lack of technical skills. They can now learn ways to overcome this at a seminar next Monday. It will provide the basics on what it takes to build an app and a tech team, as well as how to choose a programming language and decide on outsourcing.

Called Start-up Engineering for Non-technical Founders, it will be held at ACE Singapore, Block 79, Launchpad@onenorth. Go to www.eventbrite.com and follow the links for tickets.

Grace Chng

• Send news on start-up developments to chngkeg@sph.com.sg

A version of this article appeared in the print edition of The Straits Times on October 01, 2015, with the headline 'Start Singapore: Viddsee gets $3.3m funding for expansion'. Print Edition | Subscribe