Recent News

Insignia Ventures Closes Oversubscribed Second Fund at US$200M

17/10/2019 – Insignia Ventures Partners announced the closing of their second fund at US$200M, which was quoted as “heavily oversubscribed”. Limited partners contributing to the fund’s second vehicle include sovereign wealth funds, university endowments, foundations and family offices from Asia, Europe, and North America.

Founded in 2017, the firm first raised US$120M last year for Insignia Ventures Partners Fund I, which was marked as the largest maiden vehicle by a Southeast Asian venture firm at the time.

Tan Yinglan, founding manager partner of Insignia, formerly with Sequoia, was quoted saying that for the group’s second fund, they would be “doubling down on early-stage technology in Southeast Asia”. Insignia was founded as a firm that specializes in seed and early-stage investment. This focus will be carried forward with the Insignia Ventures Fund II, fueled by an influx of capital and talents in the region, which are the ingredients that make up great companies.

The company was awarded as the “VC Deal of the Year” by Singapore Venture Capital & Private Equity Association thanks to its investment in Payfazz, an Indonesian fintech startup. This is their second time being awarded the title, following their 2018 win with Carro, a Malaysian automotive marketplace startup.

Other startups in Insignia’s portfolio includes logistics startup Janio, fund-transfer platform Flip, and smart home solutions firm Igloohome. The firm’s latest investment is made to Ezee. Singapore based, the startup operates an online B2B marketplace for industrial hardware and supplies. The investment details were undisclosed.

Also active in the early-stage funding scene in the region includes Golden Gate Ventures, Jungle Ventures, Monk’s Hill Ventures, all based in Singapore, and Jakarta based Venturra Capital.

Singapore’s Dental 3D Printing solutions Structo receives fundings from EDBI

Structo

Structo

15/10/2019 – Structo, a dental 3D printing solutions firm that formulates its own photopolymer materials has secured an undisclosed funding round to further develop its digital additive manufacturing solutions.

Investors that joined in the round include Singapore Economic Development Board’s investment arm EDBI, alongside with Temasek-backed Pavilion Capital, Wavemaker Partners, and GGV Capital.

Founded in 2014 as a project out of the National University of Singapore (NUS), Structo is the only 3D printing company worldwide that focuses on solutions catering the dental industry.

It has designed, developed and built its own unique proprietary Mask Stereolithography (MSLA) technology that enables much higher speed printing as compared to the conventional SLA printers. This revolutionized the field of dental 3D printing with higher throughput and lower costs, all without compromising on print quality.

EDBI’s President and CEO Chu Swee Yeok said, “Structo is a great example of how an idea born in our local university can reach the global market with government-linked and private investors working closely together to provide funding at different stages of its growth.”

With this latest investment, Structo plans to continue pushing the envelope of digital additive manufacturing solutions specifically for the dental industry and launch new products which leverages automation to enable mass production of custom patient-specific products.

Huub van Esbroeck, the Co-founder and CEO of Structo said, “At Structo, we believe there is no one-size-fits-all solution for any specific end-user, in particular for an industry that is as diverse in size and requirements as dental.”

“The recent rise in consumer demand for clear aligners, an orthodontic appliance that can only be produced through additive manufacturing has accelerated the demand for more novel and customized solutions.”

To achieve that, Structo has fostered numerous partnerships in the dental industry that helped them develop a series of application-specific solutions across hardware, software, and photopolymer resin enabling them to offer a start-to-finish workflow to end-users.

“Partners such as EDBI have been instrumental in getting Structo to where it needs to be. EDBI’s support has allowed our team to develop capabilities in Singapore: in engineering, product development, material sciences, and manufacturing,” added Esbroeck.

By leveraging EDBI’s strategic industry partners, the investor community and network of talent, Structo have been able to push the boundaries of additive manufacturing.

Moving forward, the investment will also help the startup to fulfill the dental industry’s need for novel solutions for mass customization through digital manufacturing.