Daily Briefing: Capital markets platform iSTOX bags $6.7m funding; Luxury homes Van Holland sells 10 in 69 units

And food waste tech startup Lumitics clinches $750,490 in seed funding.

From DealStreetAsia:

Singapore-based capital markets platform iSTOX has raised a $6.74m (US$5m) investment from South Korea’s asset management company Hanwha Asset Management, according to a statement.

The fresh funding comes after barely a couple of months after iSTOX raised $6.74m (US$5m) from Japan-based Tokai Tokyo Financial Holdings in November. In September 2019, it raised its Series A funding round led by Thailand’s Kiatnakin Phatra Financial Group.

Through the use of digitised security offerings, iSTOX seeks to offer a more flexible, inclusive, and efficient system for the emerging generation of investors and issuers. It was admitted into the Monetary Authority of Singapore’s FinTech Regulatory Sandbox in May 2019.

Read more here.

From PropertyGuru:

Luxury residence Van Holland moved 10 units or 15% of its 69 freehold units at an average selling price of $2,975 psf during its launch. Koh Brothers revealed that a good mix of one- to three-bedroom apartments were sold.

Expected to TOP in March 2023, the luxury development features two five-storey blocks with 53 units of one- to four-bedroom apartments ranging from 495 sq ft to 1,345 sq ft.

There is also a separate four-storey block, called the Exclusive Series, with 16 units ranging from 1,001 sq ft to 1,991 sq ft. These apartment units come equipped with private lift access.

Read more here.

From e27:

Lumitics, a food waste technology startup based out of Singapore, has received $750,490 (US$557,000) in an oversubscribed seed funding round, co-led by the business angel and hospitality industry veteran Franck Courmont and ReadyVentures.

Other participating investors include Singapore-based Startup-O and Louise Daley, Deputy CEO of Accor Hotels Asia Pacific. Daley invested in his personal capacity.

With this, Lumitics’s (previously known as Good For Food) total investment raised to date has exceeded US$743,000.

The startup said it will use the fresh investments for further product development, expand its market share in Singapore, and bring its solution to regional markets with an aim to empower the hospitality and F&B industries to reduce their food waste.

As part of the deal, both Franck Courmont and Nicholas Cocks from ReadyVentures will join Lumitics’s Board.

Read more here.