In today’s briefing:
- D2C personal care product startup Evo Commerce bags U$2.1M to expand retail touchpoints | e27
- IoT firm UnaBiz hits first close of US$25M pre-series C round | e27
- REIT Watch – S-Reits score lower in transparency overall but five see marked improvement
- Cohen & Steers Ups Digital Core REIT Interest, Beng Kuang Marine CEO also adds to Interest
D2C personal care product startup Evo Commerce bags U$2.1M to expand retail touchpoints | e27
- Singapore-based Evo Commerce, an omnichannel retailer offering supplements and personal care products directly to consumers, has raised US$2.1 million in a fresh investment round.
- Existing investor Shanghai-based IJK Capital Partners led the round.
- Chen Capital (Min-Liang Tan’s family office), Reuben Lai (former MD of the Grab Financial Group), Octave Wellbeing Economy Fund, Orvel Ventures, Straits Angels, and Ascend Angels participated.
IoT firm UnaBiz hits first close of US$25M pre-series C round | e27
- Singapore-based UnaBiz, a provider of customised IoT solutions, has announced the first close of its US$25 million pre-series C funding round with Japan’s KDDI Open Innovation Fund 3 and KYOCERA Communication Systems.
- The fresh funds will be used to partner with new companies in the security industry, deepen logistics and supply chain market penetration, and expand utility with hybridisation.
- This capital injection follows UnaBiz’s acquisition and integration of French IoT firm Sigfox 0G technology. In two years, UnaBiz added 4 million new devices to the global 0G Network.
REIT Watch – S-Reits score lower in transparency overall but five see marked improvement
- REIT Watch – S-Reits score lower in transparency overall but five see marked improvement In this year’s Singapore Governance and Transparency Index (SGTI) 2024 rankings, the overall scores for Singapore real estate investment trusts (S-Reits) and business trusts declined to 86.6 points from 89.3 last year.
- The five S-Reits with the greatest yoy improvement in overall scores: Frasers Centrepoint Trust (+21.9 points), Elite UK Reit (+16.7 points), CDLHT (+16.6 points), Keppel Reit (+10.4 points) and Prime US Reit (+9.8 points).
Cohen & Steers Ups Digital Core REIT Interest, Beng Kuang Marine CEO also adds to Interest
- Institutions were net sellers of Singapore stocks over the four trading sessions spanning August 2 through to August 7, with S$586 million of net institutional outflow.
- The four sessions also saw 12 primary-listed companies conduct buybacks with a total consideration of S$20.4 million.
- Digital Core REIT Management also acquired units of Digital Core REIT over each of the four sessions.
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