- S$1.5M Series A raised from prominent Singapore angel investor
- Reinforces The Hub’s commitment to grow Singapore’s startup ecosystem
- Stronger platform of services for early stage to mature startups
SINGAPORE, June 11, 2015 -- The Hub Singapore is excited to today announce that it has closed a Series A round of funding totaling S$1.5 million. This round of fundraising has been completed to enable The Hub to create a workspace of the future built on curated content and collaboration as it goes into its fourth year.
Since its launch three years ago as a pioneer in the co-working and community space, The Hub Singapore has built the country’s largest startup community with over 500 entrepreneurs and entrepreneurial professionals, hosted over 550 events and workshops and created a mentor network with over 40 industry leaders.
This year, The Hub Singapore evolved its model to attract startups that are ‘hungry for growth’; connecting them to its pool of VCs, investors and media partners; and vital professional services from fundraising advice to HR, legal and CEO coaching. In addition, the funding will enable The Hub to drive new collaboration opportunities between the startup community and corporates through its host of new initiatives, such as its tailored innovation and impact lab programs for corporates.
“Singapore and Southeast Asia will not only be a hub for startups in Asia, but also the world, and we are proud to have a leading part in that. We keep community at the core of what we do, but also have the ability to work with corporates and government. We are excited to broker and create magic from these relationships”, said Grace Sai, CEO and Co-founder of The Hub Singapore.
Sai added, “We have taken time to find the right investor – who has a track record in supporting startups and strongly believes in the importance of community. We are pleased to have the support of someone who shares our mission to create Asia’s largest community of entrepreneurs dedicated to prototyping the future of business, technology and society in Singapore and the region.”
About The Hub Singapore Pte Ltd
The Hub Singapore Pte Ltd is part of the global Impact Hub Network and aims to educate and work with government bodies, corporates and individual change makers to instill the spirit of meaningful entrepreneurship developed through collaboration. Co-founded by Grace Sai in 2012, The Hub Singapore has a team of 11.
Ms. Fiza Malhotra
Mobile +65 9296 5374