W3 reported that an investee company raised more than S$24m in a recent funding round which was overwhelmingly subscribed. The current round subscription price represents more than 800% the price which W3 invested. W3 is looking at a trade sales exit in 2007 if the conditions are right.

 

About W3 Infocomm Group Pte Ltd
W3 Infocomm Group is an investment holding company with sterling track records in investing and raising subsequent round funding for start-ups and early stage companies. With some of its portfolio companies now actively in the process of M&A and IPO, W3's investment focus has shifted from what was primarily early stage investment in infocomm and media companies to quality investments in late stage, pre-IPO and pre-trade sales companies. Shareholders of W3 and its investee companies include SingTel Group, Singapore Technologies Electronics Ltd, Gemplus Ventures, PrimePartners Group and private investors.