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Nine local tech start-ups earn S$40K seed capital through muru-D accelerator programme

Zafirah Salim | March 23, 2016
A part of the first cohort, the start-ups will also be receiving six months’ access to muru-D Singapore’s Amoy Street premise, as well as introductions to mentors, coaches and Telstra experts.


muru-D Singapore Class #1

Telstra-backed start-up accelerator muru-D recently held its first demo day on 21 March 2016, whereby it showcased its inaugural class of Singapore start-ups, comprising nine businesses across various sectors.

The nine tech start-ups are:

  • Apvera - Provides security intelligence software for employers to better understand in real time employee behaviour based on the data of network traffic and activities, and to prevent insider threats.
  • Cardable - Helps Asian cardholders better utilise all their credit card privileges with recommendations and analytics.
  • GCall - An e-commerce platform that removes language barriers to enable buyers and sellers to trade, regardless of the country they live in.
  • InvestorZ - An online crowdfunding platform for people to learn how to invest, meet new experts, and execute investments in a range of opportunities.
  • LawCanvas - Contract construction and management application for SMEs.
  • PrecisionBit - Digital marketing platform for enterprises.
  • sendhelper - A pair of mobile apps that match households with professional and reliable cleaners, removing the middleman.
  • Stash - Connects healthcare professionals with patients with online appointment scheduling and sharing of updated records via a SaaS platform.
  • VENDi - Provides vending operators with a single all-in-one solution for mobile payments, monitoring and marketing via the cloud; and allows users to purchase via an app.

Each of them received S$40,000 in seed capital through the programme, six months' access to muru-D Singapore's Amoy Street premise to serve as their workspace, as well as introductions to mentors, coaches and Telstra experts.

Since the beginning of the programme, most of muru-D Singapore's first cohort has raised a significant proportion of their seed rounds, with two teams raising in excess of S$300,000 prior to demo night.

"The start-up community in Southeast Asia is blossoming, and as a leading technology company in the region, we strongly believe in enabling digital talent to grow and mature. We are particularly pleased to see the geographic spread of these companies, indicating the region's emerging leadership as a source of digital innovation," said Charlotte Yarkoni, President of Telstra Software Group and muru-D Co-Founder.

"Having watched these teams grow and develop their businesses for the past six months, we are thrilled to see the transformation. We'll continue to provide ongoing support as they become part of our thriving alumni of 44 start-ups from around the world. Personally, I'm thrilled with the diversity represented in this cohort too - more than half of the graduating teams have female founders," she added.

 

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