Singapore, Singapore, April twenty first, 2025, FinanceWire
(From L to R) Sharan Makhija, Senior Investments Director, Singtel Innov8; Diana Kam, CEO, APAC, Venturebeam; and Edgar Hardless, CEO, Singtel Innov8
Venturebeam, a world community {of professional} buyers, enterprise capital corporations, and household places of work, has efficiently facilitated a US$7.3 million funding spherical for viAct, a Hong Kong-based sustainability-focused AI firm. The funding spherical, which exceeded viAct’s preliminary goal of US$6 million, was led by VentureWave Capital, with participation from Singtel Innov8, Korea Funding Companions, and PolyU Entrepreneurship Funding Fund. This milestone marks Venturebeam’s inaugural funding deal in Asia following its launch in Singapore in March 2024.
(From L to R) Gary Ng, Co-Founder, viAct; Linda Liu, Vice President, VentureWave Capital; and Hugo Cheuk, Co-Founder, viAct
Based in 2016, viAct has constructed a holistic ecosystem of AI-powered applied sciences, with their pioneering “State of affairs-based Imaginative and prescient Intelligence”, AIoT, and edge-generative AI options to boost jobsite security and productiveness for heavy industries. Recognised by the World Financial Discussion board as Expertise Pioneers in 2023, viAct, as a accountable AI startup, catalyse transformative affect by redefining paradigms of security, operational excellence, and sustainable innovation throughout risk-prone workplaces equivalent to building, oil and fuel, manufacturing, facility administration, and mining industries. The most recent funding spherical will gas its development into areas just like the Center East and North Africa (MENA) & Europe, additional accelerating its efforts to reshape industries with know-how that fosters safer, extra adaptive, and eco-conscious workplaces.
“Firms equivalent to viAct are on the forefront of remodeling conventional industries in direction of delivering significant affect. This profitable fundraising validates our rigorous strategy to curating financially sturdy, high-growth firms that ship each scale and measurable affect throughout a number of areas,” stated Diana Kam, Chief Government Officer, Asia Pacific, Venturebeam.
“Securing VentureWave Capital as our lead investor and facilitating participation from companions equivalent to SingTel Innov8 and Korea Funding Companions underscores our skill to mobilise our international community {of professional} buyers and speed up momentum for this transformative motion. Collectively, we’re redefining the worldwide enterprise panorama—the place affect and funding returns go hand in hand,” Diana added.
“Elevating capital is extra than simply numbers; it’s about aligning with companions who imagine in your imaginative and prescient. Because of Venturebeam, viAct linked with forward-thinking buyers but additionally gained credibility via utilizing their digitalised platform, which is a legit systematic deal diligence course of. The A+ Impression Scoring awarded to viAct by Venturebeam additional bolstered our popularity, giving international buyers larger confidence to hitch our mission in remodeling office security, believing in our ‘AI for Good’ motto,” stated Gary Ng, Chief Government Officer and Co-Founder, viAct.
“ViAct is a major instance of how high-impact, scalable firms are rising from the worldwide startup ecosystem. At VentureWave Capital, we again visionary founders who’re leveraging know-how to rework industries, and ViAct is doing precisely that in AI-powered sustainability and office security. This funding, alongside international buyers, highlights the rising worldwide collaboration in Sequence A and B rounds—showcasing how strategic partnerships, facilitated by Venturebeam, are enabling startups like ViAct to speed up development throughout key markets. We look ahead to supporting ViAct as they develop their affect throughout Asia, Europe, the Center East, and past,” stated Linda Liu, Vice President, VentureWave Capital.
“It was a pleasure working with Venturebeam on the ViAct transaction. We look ahead to participating with them on ViAct and different potential alternatives sooner or later,’ stated Edgar Hardless, Chief Government Officer, Singtel Innov8.
“At Korea Funding Companions, we’re dedicated to supporting visionary firms that leverage cutting-edge know-how to drive significant affect. viAct’s AI-driven options are remodeling office security and operational effectivity throughout high-risk industries, and with rising authorities mandates for video analytics in building security, the corporate is well-positioned for important development. We’re excited to be a part of viAct’s journey and look ahead to seeing it scale its innovation globally to create safer, smarter, and extra sustainable work environments,” stated Synclare Kim, Head of Korea Funding Companions Southeast Asia.
This milestone deal, coinciding with Venturebeam’s first anniversary in Asia, reaffirms its dedication to driving international affect via capital, know-how, and innovation. Headquartered in London, Venturebeam launched in Asia with an unique occasion attended by over 100 enterprise capital corporations, household places of work, and ecosystem gamers final March at Singapore’s 4 Seasons Resort, that includes famend serial entrepreneur and investor Taizo Son, who can also be one of many key buyers and supporters of Venturebeam. Throughout his keynote speech, Taizo Son reiterated his help for Venturebeam as a like-minded accomplice aligned along with his imaginative and prescient of making a Silicon Valley ecosystem in Asia to attach buyers with nice entrepreneurs.
Because the world’s largest affect investor platform, Venturebeam is remodeling the enterprise funding ecosystem by revolutionising how firms entry capital. By being a central hub for buyers with over US$10 billion AUM to attach, share, and analyse deal movement, and handle secondary transactions, Venturebeam backs impact-driven entrepreneurs pioneering improvements for a sustainable future. In Southeast Asia, this dedication interprets right into a devoted deal with nurturing the area’s rising ecosystems, equivalent to Singapore, Indonesia, Vietnam, and the Philippines, to unlock their full potential as a part of Venturebeam’s broader mission to advance affect investing as a number one sector for asset allocation globally and throughout Asia-Pacific. In June 2024, Venturebeam facilitated a €30 million Series B funding round for XOCEAN, alongside VentureWave Capital, Endeavor Catalyst, and Enterprise Eire. The main supplier of carbon-neutral ocean knowledge has since used this funding to develop operations into Australia with the opening of a brand new technical centre in Melbourne.
One other milestone for Venturebeam is the launch of its free-to-use proprietary ‘Venture Impact Score,’ a instrument designed to assist venture-backed firms measure and share their international affect. In step with this, the agency has lately introduced a partnership with Google Startups for Sustainable Growth (SFSD), which can present a holistic ecosystem for startups driving significant change in direction of international sustainable growth. This partnership will allow firms within the Google SFSD program to entry Venturebeam’s capital increase help and investor community, whereas the Enterprise Impression Rating will help them in assessing and bettering their affect.
Since launching in Asia, Venturebeam has been on the forefront of affect investing, repeatedly increasing its attain and affect amongst its community of over 200 enterprise capital corporations, household places of work, {and professional} buyers. Throughout the Singapore Week of Innovation and Expertise (SWITCH) 2024, Venturebeam hosted an unique invitation-only roundtable dinner centered on the transformative potential of AI know-how and its implications for Asia-Pacific and the world. The occasion introduced collectively thought-leaders, founders, and main buyers in AI, permitting individuals to delve into the near-term prospects, challenges, and notable tendencies inside this quickly evolving subject. Demonstrating its management in Impression and sustainability, Venturebeam was recognised on the European Chamber of Commerce Singapore (EuroCham) Sustainability Awards 2024, receiving the inaugural ‘SME Rising Star in Sustainability’ award offered by Singapore’s Deputy Prime Minister Heng Swee Keat.
About Venturebeam
Venturebeam is a world funding platform with a world investor community of over US$10 billion AUM backing the impact-driven entrepreneurs shaping the way forward for our planet.
For extra info, customers can go to https://www.venturebeam.com/
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