May 5,2000
W3 today announced an investment by Singapore Technologies Pte Ltd ["STPL"] in the Company. Mr Tay Siew Choon, STPL's Chief Operating Officer and Chief Operating officer of Sembawang Corporation Ltd, said "W3 is complementary to our needs. We see it as a search engine for early stage deals, seeking out good start-up investments that return many times its original investment value". More Details
Jun 14,2000
SINGTEL Ventures, the venture-capital arm of Singapore Telecom (SingTel), has plonked its biggest single investment into a Singapore company to date, paying some S$6 million for a 24 per cent stake in W3's investee AirGateway. AirGateway is a leading wireless access protocol (WAP) search engine and applications provider in Asia. The telco giant's director of corporate development Andrew Buay said, "We are excited about AirGateway's work in WAP technologies and applications." More Details
Dec 1,2000
US$300m venture capital PrimePartners invested S$3m cash for a 13% stake in W3. STPL made a follow-on investment of S$0.5m cash at the same valuation. Mr Hsieh Fu Hua, PrimePartners' Founder and Chief Executive Officer, said "we find W3's innovative revenue model of investing in and accelerating start-ups, then bringing in big-name subsequent round investors [such as Singtel Group in the case of Airgateway Pte Ltd], an attractive way of securing good investments at low valuation and realizing valuation multiples for W3". More Details
Aug 17,2001
Singapore Technologies Electronics Ltd ("STElect") has acquired a 19.8 percent stake in W3's investee - mobile payment solutions provider mPayment - in its ongoing effort to develop a strong mobile commerce initiative. STElect has option to increase its shareholding to 33 percent, the company said in a statement. Seah Moon Ming, president of STElect and newly appointed chairman of mPayment said, "mPayment specializes in mobile payment, commerce and marketing solutions, and we see mobile commerce as the next big consumer market driver". The one-year-old company holds four patent-pending technologies: mPurse, mDebit, mCredit and mP2P. More Details
Aug 30,2001
W3 invests in original content creator focused on the world market, animation producer Peach Blossom Media Pte Ltd ("Peach"). Sung Lingun, Peach's Founder and Chief Executive Officer welcomes the investment & support from W3, "Peach targets world-class creative content to be licensed or sold to USA, Europe & worldwide broadcasters and producers. W3's investment will help Peach to speed up its creative development and world & regional market penetration".
May 1,2002
W3 invested S$500,000 in location technology & logistics start-up V3Teletech Pte Ltd ["V3"]. Wong Shih Jon, V3's co-founder and Chief Technology Officer, said "W3 provide both business sales channels and much needed capital injection for V3 to enhance its existing products and to roll out live deployment at customer sites. With W3's investment, V3 will be able to undertake both the Singapore and China deployment for a major customer currently under discussion and use it as reference sites to sell our products, systems and services". More Details
Jan 17,2003
The Singapore Exchange (SGX), named Hsieh Fu Hua, board member of W3, to replace American Thomas Kloet, who stepped down as its chief executive about a month ago. Industry peers immediately cheered his appointment - which takes effect on March 1 - saying that Mr Hsieh not only had a first-class mind but also a first-class temperament. The Board, management and staff of W3 offer our heartiest congratulations and well wishes to Fu Hua. More Details
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May 31,2004
W3 investee, V3 Teletech Pte Ltd, announced today that it has closed a strategic Series A funding round with Gemplus - EDB Smartlabs ("Smartlabs"). More Details
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Dec 3,2004
IN a big move to stimulate the computer animation industry in Singapore, the Media Development Authority (MDA) announced it will invest S$9m in a slate of seven animation TV series for children by a W3 investee - animation creator Peach Blossom Media - to be marketed to international broadcasters such as Nickelodeon and Disney. MDA's chief executive officer, Dr Christopher Chia, yesterday said the deal - the largest investment by MDA so far in a local firm -"By creating opportunities for the Singapore media industry to work with international partners on international projects, we raise the profile of made-by-Singapore content, as well as open doors to new markets for them". More Details
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Dec 15,2004
W3 made its first bio-med investment in an innovative bio-med drug discovery company, together with Temasek Holdings (Pte) Ltd and other VCs and private investors. The investee company raised S$14.5m in the current round and S$39m in total funds raised. More Details
Mar 1,2005
W3 announced today that Mr Goh Yong Seng has joined mPayment as director and substantial shareholder. Under Yong Seng's dynamic leadership, mPayment managed judiciously its target path-to-profitability achieving its first profit year in 2004. W3's Deputy Chairman Andy Quak said, "Yong Seng is a rare breed of technopreneur with very good experience in managing start-ups and excellent technical and enterprise system experience. More Details
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Apr 19,2005
W3 & associates invested S$1.32m in AVI-Tech Electronics (S) Pte Ltd, a specialist electronic manufacturing services company. W3's first pre-IPO investment is undertaken jointly with 14 other VCs and private investors for a total investment of S$14m. More Details
May 12,2005
W3 annouced today that it has completed a M&A investment making it the largest shareholder of E.mation Technologies Pte Ltd. More Details
Dow Jones Newswire
Dec 9,2005
W3's investee Peach Blossom Media Ltd., the first Singapore company to list on London's Ofex market for small enterprises, may eventually also list in the city-state, Chief Executive Sung Lingun said Friday. "Ultimately, we may want to seek a listing on the Singapore stock exchange too, but the timeframe has yet to be decided," Sung told Dow Jones in a telephone interview from Amsterdam.
The Edge Singapore Profile
Dec 19,2005
While Peach Blossom is Singapore-based, the company generates most of its revenue overseas. For example, Europe was the biggest market for its most high profile production todate -Tao Shu... - followed by Middle East.
May 30,2006
W3 reported that an investee company has raised more than S$24m in a recent funding round…
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Oct 30,2006
Andy Quak, W3's deputy chairman and majority shareholder, today reported at a shareholder briefing that the Company has executed a sales and purchase agreement for cash exit of a recent investment submitted for SGX Mainboard IPO at more than 100% gain. He added, "W3 expects further cash exit from another major trade sale in 2007…".
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Nov 8,2006
W3 is pleased to welcome a new shareholder and director. Winston Tan, managing director of Corporate Brokers International, today bought over a minority stake in W3 from Greendot Capital [a 100% Temasek subsidiary] through his private investment company. Winston will sit on W3’s board. Bill Liu, incumbent chairman and Temasek’s representative, will continue as W3’s chairman.
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