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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.

Indonesian On-Demand Work Startup Sampingan gets US$1.5 million in pre-Series A funding round

Sampingan

Sampingan

11/10/2019 – Sampingan, an on-demand workforce startup based in Indonesia, has secured US$1.5 million in a pre-Series A round led by Golden Gate Ventures with participation from Antler and other angel investors.

Sampingan, which means side job in Bahasa Indonesia, is a platform providing Indonesians with jobs across the country and letting agents become resellers for small and medium-sized companies. It leverages on a network of over 150,000 agent-partners across the country who have direct access and insights into second and third-tier Indonesian cities and towns.

Through their platform, businesses can complete specific tasks, such as merchant acquisition, data collection, distribution and collection, as well as dispatch in various parts of Indonesia. Using their service, Sampingan claims that they have been able to save businesses up to 70 percent on their manpower costs.

“Sampingan has identified a pain point and a problem that resonates with people. We believe they will scale significantly with their model to provide employment to Indonesians and fill a unique gap for employers in the market,” Jussi Salovaara, the co-founder and Managing Partner of Antler told Asia One.

In fact, according to Sampingan, the manpower business opportunity is currently driven by Indonesia’s strong economic growth where more companies require specific needs that need to be met within a short time frame.

Since entering the market in January 2019, Sampingan has grown from a team of three to 60 people based out of Jakarta. Its founder Wisnu Nugrahadi has worked with GoJek before and set up Sampingan in order to ensure the ease of productivity and enable them to have access to the right workforce at the right time as they grow rapidly.

Its customer portfolio now includes Gojek, Oyo, Uniliever, and Danone, and the startup even has a long-term partnership with a cloud-based point of sales Moka. The collaboration has enabled Moka to acquire new merchants and increased their e-wallet transaction, increasing their user base by 20 percent.

“At Sampingan, we are emphasizing product and tech development to remove as many barriers as possible. Equal access to jobs give our agent-partners more control in their lives. More control means more time, more time to spend with their families and more time to become better versions of themselves. We want to use Sampingan to enable this kind of positive change” said Wisnu Nugrahadi, the CEO of Sampingan.

Commenting on the deal, Golden Gate Ventures’ partner Justin Hall said, “We are excited and expect to see amazing things coming out of this company over the next few years. Sampingan offers a really intriguing value proposition: the ability to launch large-scale, labour intensive campaigns economically, quickly, and effectively across Indonesia.”

With the latest capital funding, the on-demand workforce platform plans to expand their operations and provide businesses with wider options to scale.