The Business Times first reported on the startup’s successful seed round funding on Tuesday.
Both Singapore based, Arcor Capital will join Helicap Investments following the acquisition.
Cradle Fund Sdn Bhd facilitated the investment through operational and legal assistance.
The main purpose of the fund is to provide coaching for startup founders so they can raise larger rounds of capital from other local and international investors.
The Singaporean startup provides internet-of-things home products and services catered to the needs of the Asian market.
Following the fund injection, Bambu will be building up teams in key global markets and expanding product offerings.
The food-tech firm creates insect-based feed ingredients and organic fertilizers.
The Malaysian startup over-reaches its initial funding target of US$1M.
The Singaporean startup is one of its kind in the Southeast Asian leisure-oriented travel industry.
This marks IDN Media’s first foray into the eSports scene in Indonesia.