Based in Orlando and Singapore, ObvioHealth digitises clinical trial process to make it faster and more cost effective

Healthtech startup ObvioHealth raises US$3M in Series A funding round – Press Release

Healthtech startup ObvioHealth today announced that it has raised a US$3 million Series A funding round led by existing investor TKS I, a life-science- and healthcare-focussed venture fund founded by Tikehau Investment Management and SPRIM’s venture capital (VC) arm SPRIM Ventures.

Based in Singapore and Orlando, ObvioHealth aims to make clinical trials “faster and more cost effective” through digitisation of the process. Its proprietary software ClaimIt supports observational and interventional studies, allowing integration with smart phones, connected devices, and real-time interactions with subjects.

ObvioHealth CEO Bryan Silverman said that the company will use the new funding to support the expansion of its opernational team and growth needs.

Company builder Entrepreneur First launches in Hong Kong – Press Release

Global company builder Entrepreneur First (EF) launched its presence in Hong Kong on Thursday night, following a launch in Berlin in January.

The company appointed former Airbnb and Google executive Lavina Tien to head the operation.

The Hong Kong operation aimed to support local entrepreneurs, as well as those from surrounding cities including Shenzhen.

Originating from the UK, EF was launched in Singapore in 2016. It has helped built more than 120 companies globally with a total valuation of over US$1 billion.

The company has recently raised a US$12.4 million funding round led by Greylock.

Also Read: Today’s top tech news, March 22: Tech giants express concern over Singapore plan to fight fake news

Dropbox raises US$756M in IPO – CNBC

Listed on Nasdaq under the ticker DBX, Dropbox raised US$756 million through its IPO on Thursday.

Pricing its share at US$21, higher than expected range of US$18-20, the company sold 36 million shares and has been reported to be oversubscribed by 25 times.

It gave the Dropbox an initial market capitalisation of over $8.2 billion; in a private funding round in 2014, the company was given US$10 billion valuation.

Vickers Venture Partners invests in UK-based blockchain startup Everledger – Dealstreet Asia

Singapore-based Vickers Venture Partners participated in a US$10.4 million Series A funding round for UK-based blockchain startup Everledger.

Led by the Canadian arm of Fidelity Investments, the funding round also included the participation of GMP Securities, Graphene Venture Capital, FPV, Fenbushi, Bloomberg Beta, and Rakuten.

Everledger also announced the appointment of Vickers Venture Partners Chaimran Dr. Finian Tan to its board of directors.

The company uses blockchain to provide a history of a high-value asset’s authenticity, existence and ownership.

It plans to use the funding to support international expansion.

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