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Creating Value Beyond Investments

Why EDBI

Our global network and impeccable reputation help unlock our partners’ potential

Global Asia –
Based Investor

Shaping Singapore’s future industries through investments in innovation-intensive and high-growth sectors
International Market Navigator

Helping companies navigate increasingly complex markets to capture new growth opportunities

Trustworthy Partner

Augmenting brand standing of companies with EDBI’s trusted and professional reputation

Well-Connected Fund

Strengthening companies’ connections through extensive network of value adding partners

OUR IMPACT

Facilitating pilot projects

Screening Eagle Technologies is a cloud-based technology platform for intelligent inspection of assets and infrastructure. The company was created through the merger of Dreamlab in Singapore and Proceq in Switzerland with a mission to protect the built world with software, sensors and data.

 

  • Active support in Screening Eagle’s regional headquarter and tech R&D lab set up.
  • Supported company’s successful enlistment into the IMDA Accreditation programme
  • Facilitated solution test-bedding and pilot projects with local agencies in the built environment sector with the potential for exporting across the region
  • Generated successful leads from real estate and infrastructure developers and asset owners and operators
  • Regular support for Screening Eagle’s talent and hiring needs in the expansion of its local team

OUR IMPACT

A world’s first

Early detection of cancers saves lives, and MiRXES’ miRNA-based blood test for gastric cancer is a world’s first, building on years of development in Singapore, making screening and risk-stratification of patients easier and more accessible. The company has also played a key role in deploying the Fortitude COVID-19 PCR tests globally, and with EDBI Pte Ltd’s partnership, will accelerate the development of important next generation diagnostics technologies from bench to market.

 

This Series C round was led by CR-CP Life Science Fund, a 50-50 joint venture between China Resources Group and Thailand’s Charoen Pokphand Group. Other investors include global healthcare investment firm Rock Springs Capital and Singapore-based EDBI.

OUR IMPACT

A homegrown model for heart patients worldwide

EDBI Pte Ltd has been actively partnering companies transforming healthcare through digitalization, such as our homegrown Biofourmis, which has now received the FDA’s first ever Breakthrough Device designation for a heart failure digital therapeutic. This will bring the company significantly closer to delivering a new model of care to patients worldwide living with heart failure.

 

The FDA Breakthrough Device programme is created to help bring effective treatment of life-threatening or irreversibly debilitating conditions to market sooner, and BiovitalsHF is a perfect candidate for this programme due to its clinical importance and impact on a condition that is expected to cost $70 billion per year by 2030.

OUR IMPACT

Creating hundreds of jobs

Since 2016, Carro’s staff has grown from just 10 to almost 1600 today, spread across seven countries worldwide. It has also raised over US$450m funding from global investors such as Softbank Vision Fund, insignia Ventures, B Capital, Mitsubishi Corp and EDBI.

 

According to Group CEO Aaron Tan, who started the company in 2015 with his co-founders Aditya Lesmana and Kelvin Chng, Carro is projecting to do almost a billion in revenues. Earlier this year, it was named the fastest-growing company in Asia Pacific in an analysis jointly conducted by the Financial Times, Nikei and Statista. In the region, Carro has presence in Singapore, Indonesia, Malaysia and Thailand.

 

 

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We partner our portfolio companies to drive growth

MARKET & TECH ACCESS
Catalysing growth through regional opportunities with demand drivers, channel and tech partners, regulators, multiplies networks.
ECOSYSTEM GROWTH

Enhancing regional ecosystem visibility via opportunities for branding, thought, leadership reports, publicity and events, industry associations.

TALENT SUPPORT

Holistic talent support across board advisory, as well as hiring of directors, C-suites, key executives and operational teams.

STRATEGIC FINANCING
Expanding financing opportunities via strategic connections to investor network and facilitating non-dilutive financing.

SUCCESS STORIES

How we create value

Our global network and unmatched credibility help our
partners build scalable, pathbreaking businesses

WalkMe

WalkMe is the pioneer of the Digital Adoption Platform (DAP) – an enterprise-class guidance, engagement, insights and automation platform that simplifies the user experience for the overwhelmed user and helps them adapt to complex enterprise systems.

“Here at WalkMe, we have always seen a huge potential in the Asia Pacific market, and knew that Singapore could serve as a regional headquarters for our hyper-growth company. By partnering with EDBI, they have helped us bring our Digital Adoption Platform to the Asia Pacific market. Post-investment, their value creation efforts smoothed our entrance into the region by introducing us to potential clients, and we secured a major business contract with a local government entity to drive digital transformation.”

Raphael Sweary

Co-Founder and President

VALUE CREATED

  • Assisted WalkMe in its market expansion into Singapore and jumpstarted their business into regional ecosystems, resulting in landmark commercial use cases for both private and government sectors within its first year of incorporation in Singapore.
  • Successful direct commercial introductions to major leading banks, telcos and large enterprises in Singapore to digitally transform their operations.
  • Supported WalkMe’s successful enlistment into the IMDA Accreditation programme leading to several contract wins with agencies in the Singapore government such as the tech regulator of SG.

LivSpace

Livspace is Asia’s leading home interior and renovation platform. Its three-sided platform brings together homeowners. a curated community of studios as well as vendors and brands.

“The EDBI team has been very helpful in scaling our Singapore operations and coping with COVID. They have helped us navigate government agencies, made numerous important introductions with banks and real estate players, and highlighted available support during the circuit breaker. These connections will be very useful as we scale the business in these trying times.”

Anuj Srivastava

Co-Founder and CEO

VALUE CREATED

  • Extensive business development support leading to successful proof of concept projects with global property developers in 3D virtual touring of their high-end condominiums and penthouses during COVID when physical site visits are difficult.
  • Supported discussions with Singapore Government regulatory for a general contractor license.
  • Introduction to a financial institution, where they started a channel program for sales leads and customer engagement.
  • Strengthened LivSpace’s cash flow with introductions to lenders.
  • Supported development of their Singapore tech lab, and enlistment into the IMDA Accreditation programme.

Pico

Pico is a leading provider of technology services for the financial markets community. Pico provides a best-in-class portfolio of innovative, transparent, low-latency markets solutions coupled with an agile and expert service delivery model. Instant access to financial markets is provided via PicoNet™, a globally comprehensive network platform instrumented natively with Corvil analytics and telemetry.

“As a result of EDBI’s outstanding support and collaboration, we were able to close a deal with a major bank which has further helped in subsequent introductions to other local banks.”

Roland Hamman

Chief Technology Officer

VALUE CREATED

  • Active commercial introduction to financial institutions, various financial ecosystem stakeholders and multipliers resulting in a sizeable contract with a major bank in Singapore.
  • Active support of talent pool during the circuit breaker so that Pico’s business operation remains efficient

Screening Eagle Technologies

Screening Eagle Technologies is a cloud-based technology platform for intelligent inspection of assets and infrastructure. The company was created through the merger of Dreamlab in Singapore and Proceq in Switzerland with a mission to protect the built world with software, sensors and data.

“We couldn’t have a better partner than EDBI for scaling up our operations in Singapore and the region, and capturing digital transformation opportunities in an industry ripe for disruption. Together we can protect the built world and ensure sustainable infrastructure for the generations to come.”

Marcel Poser

CEO & Co-founder

VALUE CREATED

  • Active support in Screening Eagle’s regional headquarter and tech R&D lab set up.
  • Supported company’s successful enlistment into the IMDA Accreditation programme
  • Facilitated solution test-bedding and pilot projects with local agencies in the built environment sector with the potential for exporting across the region
  • Generated successful leads from real estate and infrastructure developers and asset owners and operators
  • Regular support for Screening Eagle’s talent and hiring needs in the expansion of its local team

Biofourmis

Biofourmis is a fast-growing global health IT company founded in Singapore that augments personalized patient care and therapies with Digital Therapeutics for better management of patients with complex chronic conditions.

“The EDBI team is instrumental in scaling our Singapore operations. They helped us navigate government agencies, made numerous important introductions with local healthcare institutions including the Ministry of Health (MOH) which led to the deployment of our Biovitals® Sentinel platform in Singapore to remotely monitor COVID-19-positive patients. These connections are very useful as we scale up our technology in such trying times and play our part in the fight against the pandemic. Through EDBI we also got to speak at the Singapore Tech Forum 2020, graced by the Prime Minister himself, to dive deep into our technology and how it predicts and prevents serious medical events.”

Kuldeep Singh Rajput

Founder and CEO

VALUE CREATED

  • Successful direct introduction to Singapore’s Ministry of Health for Biofourmis’ remote monitoring platform (Biovitals Sentinel) to be deployed to remotely monitor Covid-19 patients
  • Direct introduction to speak at the Singapore Tech Forum 2020 graced by the Prime Minister of Singapore.
  • Direct introduction to key channel partners for regional market exploration.
  • Referral of C-level talents to support Biofourmis’ growth globally.

Doctor Anywhere

Doctor Anywhere is a regional tech-enabled, omnichannel healthcare company, on a mission is to make healthcare simple, accessible, and efficient for everyone. Doctor Anywhere’s digital platform bridges gaps in the healthcare ecosystem through technology and innovation, enabling users to manage their health easily and effectively through the DA mobile app. Headquartered in Singapore and with a presence in 6 countries across the region, Doctor Anywhere now serves more than 2.5 million (and growing) users across Southeast Asia.

“As a Singapore-based company, the endorsement from the Singapore government’s investment arm EDBI is especially meaningful. Their vote of confidence sends a very clear message to the public that Doctor Anywhere has a strong and trusted service. Their in-depth experience within the healthcare and tech space is especially valuable too, as they provide guidance on how to navigate the space to growing companies like ours. The EDBI network is also a very good way for the company to connect the dots within the healthcare and tech sectors across Southeast Asia,”

LIM Wai Mun

Founder and CEO

VALUE CREATED

  • Facilitated connections and discussions with customers and partners for COVID response efforts in Singapore, including the deployment of telehealth solutions at ferry terminals, and mass swab testing at hotels
  • Development of protocols for virtual consultation, diagnoses and escalation of care in partnership with Ministry of Health
  • Supported business expansion discussions with a host of regional and local companies as well as large enterprises
  • Supported the recruitment of senior leadership team of Doctor Anywhere

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