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JFDI.Asia has announced seven startups battling for funding in its upcoming Demo Day.
JFDI.Asia has just announced their final line up of startups for its upcoming Demo Day.
Startups pitching for seed funding for at the JFDI demo day will include:
- Scrollback, a micro-forum platform for open communities
- Collabspot, which helps salespeople collaborate within Gmail
- Krake, a data harvesting engine that brings the benefits of big data to individuals
- Klinify, a patient record management platform that fits clinics’ workflows
- Duable (讀able), using computational linguistics to customize learning language
- OurHealthMate, a payment gateway to secure family healthcare
- UserScout, an end-to-end research process management tool.
JFDI.Asia’s demo day will be held on 3rd June at the Joyful Frog Innovation Campus, 71 Ayer Rajah Crescent, Singapore. According to JFDI, the invite-only pitching event has a few confirmed seed stage investors attending including Golden Gate Ventures, Jungle Ventures, TNF Ventures and Wavemaker Labs. Institutional funds confirmed as attending include Vertex Venture Holdings, Temasek and Sequoia Capital.
Read also: 8 startups accepted into JFDI.Asia’s second bootcamp, female entrepreneur participation doubles
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“The teams in our current accelerator program started strong and have just kept going,” said Hugh Mason, co-founder and CEO at JFDI.Asia. “Thanks to the incredible generosity of our volunteer mentors, the last 100 days really has been about accelerating their market traction and focusing the value proposition they can offer to investors as well as customers. We are hugely honoured that Global Brain Corporation has joined our demo day as a sponsor and look forward to a deepening relationship with the fund and its associates in Japan.”
Startups pitching include approximately 30 percent Singaporean citizens and Permanent Residents. Other team members hail from the US, Taiwan, Philippines, India, France, Vietnam and New Zealand. The businesses they have created are all incorporated in Singapore. While there were eight startups accepted into the program, only seven will be pitching, as Fashfix is no longer part of the program.
The pressure is on for the seven teams to perform and do better than its preceding batch, which saw seven out of the 11 original startups receiving investment. Successful JFDI.Asia batch one startups raised a median S$650,000 (US$521,000) per team. In total, seven of the startups have now raised S$3.9 million (US$3.1 million) among them.
Read also: JFDI Season 1 Score: 7 Funded, US$3.1M raised, 33 jobs created
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