New Asia Investments: further expansion

  • Additional fundraising of up to 4 million SGD
  • Advisory board with renowned experts
  • New investment under preparation

Singapore – September 13, 2012 – New Asia Investments (formerly Nanostart Asia Pacific) is preparing an additional fundraising of up to 4 million SGD for its further expansion. A large part of the amount has already been committed. As in the previous funding in February 2012, the money comes from the existing shareholders and new investors based in the region. It shall be used for follow up funding the existing portfolio. Furthermore New Asia Investments is already working on new investment opportunities.

In addition the company has formed an advisory board with renowned experts in order to support the further development of the company. The board will initially comprise of Harry De Wit, President Asia with Covidien, Prof. Dr. Uwe Klima, Head of Cardiosurgery at the American Hospital Dubai, Günter Mayer, Senior Manager with Infineon, Jürgen Binzer, Entrepreneur and Vice President with Hollingsworth & Vose in Germany and Chua Hong Moh, Entrepreneur from Singapore. The advisors will support the company’s further development and its expansion in Asia by providing their expertise as well as their broad network.

The announcement is made during the event “Investing in Singapore Nanotechnology” at Singapore Polytechnic, where New Asia Investments and Singapore Polytechnic jointly feature their activities in the nano- and high-tech space to the investment and business community.

About New Asia Investments:
New Asia Investments Pte Ltd was established in Singapore in 2012 with the goal to explore the growth markets of Asia. Via its predecessor companies, it has been active in Singapore since 2008. As a venture capital investment company, New Asia Investments invests in young, up-and-coming technology companies with exposure to Asian markets, which are approaching market launch or have innovative products already on the market. In Singapore, it invests as a partner of Singapore government via a separate side fund. New Asia Investment is led by experienced management and its shareholders include a number of strategic investors based in Asia, which support the company’s expansion actively with their network and experience.

Media contact:
New Asia Investments Pte Ltd
Andreas Kröll
Investment Director
phone: +65 6634 8684