17 Apr '13, 2am

Singapore startup Nitrous.IO raises USD 1M round from Silicon Valley investors

Singapore startup Nitrous.IO raises USD 1M round from Silicon Valley investors

Singapore startup Nitrous.IO raises USD 1M round from Silicon Valley investors April 17, 2013 by Terence LEE Nitrous.IO (formerly Action.IO), a Singapore-based startup that makes setting up an Integrated Development Environment a snap, has just announced a USD 1M round led by Silicon Valley based Bessemer Venture Partners . Draper Associates, CrunchFund, 500 Startups, TIBCO Software, Facebook co-founder Eduardo Saverin, Singapore’s Golden Gate Ventures, and Peanut Labs co-founder and CTO Prosper Nwankpa also participated in this round. According to Golden Gate Ventures partner Vinnie Lauria, his firm put in less than USD 50k in this round, which was closed third-quarter of last year. “We would have loved to invest more, but they were oversubscribed,” he said. Founded by Arun Thampi, Peter Kim, and AJ Solimine, Nitrous is a web service that enables developers to code from a...

Full article: http://sgentrepreneurs.com/2013/04/17/singapore-startup-n...

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