Telstra’s muru-D feeds Singapore tech start-ups with $S40,000 each in seed capital

Says Singapore's first cohort leapfrogs fundraising expectations

Telstra’s muru-D feeds Singapore tech start-ups with $S40,000 each in seed capital

Telstra’s muru-D feeds Singapore tech start-ups with $S40,000 each in seed capital

Telstra-backed start-up accelerator, muru-D, recently showcased its inaugural class of Singapore start-ups at its first demo day with nine high-growth businesses across healthcare, consumer applications, financial services, law, mobile payments and advertising.

The nine technology start-ups each received $S40,000 in seed capital through the program, in addition to six months’ access to muru-D Singapore’s Amoy Street premise as well as introductions to mentors, coaches and Telstra experts.

Since the beginning of the program, most of muru-D Singapore’s first cohort has raised a significant proportion of their seed rounds, with two teams raising in excess of $S300,000 prior to demo night.

Telstra Software Group president and muru-D co-founder, Charlotte Yarkoni, said together with Telstra, muru-D continues to aspire to attract the region’s best digital talent, foster local technology innovation and grow the entrepreneurial ecosystem across Southeast Asia.

“Through muru-D Singapore, we’ve had the opportunity to work with inspiring entrepreneurs with innovative technology and global ambitions.

“Having watched these teams grow and develop their businesses for the past six months, we are thrilled to see the transformation. We’ll continue to provide on-going support as they become part of our thriving alumni of 44 start-ups from around the world,” Yarkoni said.

Yarkoni added that it is focusing on the start-up space as the start-up community in South East Asia is blossoming.

“We strongly believe in enabling digital talent to grow and mature. We are particularly pleased to see the geographic spread of these companies, indicating the region’s emerging leadership as a source of digital innovation,” she added.

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