In today’s briefing:
- Far East Hospitality Trust (FEHT): Swift Effect
- Verifiable digital identity startup Accredify raises strategic funding from Okta Ventures | e27
- Ai Palette nets US$5.8M to empower CPG brands with real-time insights into consumer trends | e27
- Rider Dome attracts US$2.3M for its AI-powered motorcycle safety solution | e27
Far East Hospitality Trust (FEHT): Swift Effect
- Taylor Swift concerts in Singapore has increased both hotels’ occupancy rate and daily rate
- Far East Hospitality Trust (FEHT SP) share price has not moved much since the Swift concert.
- There is a slim chance FEHT hotels did not participate in the upside during Swift event, but the odds are higher that FEHT hotels will participate in the upside.
Verifiable digital identity startup Accredify raises strategic funding from Okta Ventures | e27
- Accredify, a company that enables firms to create, issue, and manage tamper-proof verifiable credentials in Singapore, has raised an undisclosed strategic investment from US-based Okta Ventures, the investment arm of the independent identity management platform Okta.
- Accredify will integrate Okta’s solutions, such as SSO and MFA, into its product.
- This Series A extension round follows the Singaporean startup’s US$7 million financing in April 2023, co-led by iGlobe Partners and SIG Venture Capital, with participation from Pavilion Capital and Qualgro.
Ai Palette nets US$5.8M to empower CPG brands with real-time insights into consumer trends | e27
- Ai Palette, a Singapore-incorporated startup enabling consumer packaged goods (CPG) companies to create products using AI and machine learning technologies, has bagged US$4 million in equity financing from local VC firm Tin Men Capital.
- This brings the capital raised by the AI startup in the Series A extension round to US$5.8 million.
- With the fresh funds, Ai Palette looks to expand further into the beauty & personal care and nutraceutical categories, which began development in November 2023.
Rider Dome attracts US$2.3M for its AI-powered motorcycle safety solution | e27
- Singapore-based Rider Dome, which specialises in AI-driven safety solutions for motorcycle fleets and riders, has announced the completion of its US$2.3 million seed funding round.
- The investors are local mobility startup investor Goldbell, Radha Rani Holdings Family Office, and undisclosed angels.
- “With the strategic partnership of our investors, Rider Dome not only gains financial support but also taps into a wealth of experience and market understanding within the automotive industry.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
