15 Aug '13, 8am

Inside Red Dot Ventures’ surprising USD 464k investment in Bird’s Nest cosmetics brand

Inside Red Dot Ventures’ surprising USD 464k investment in Bird’s Nest cosmetics brand

Inside Red Dot Ventures’ surprising USD 464k investment in Bird’s Nest cosmetics brand August 15, 2013 by Terence LEE Venture capital investing and the Bird’s Nest rarely mix. One belongs to the world of cutting-edge technology, the other is a traditional 400-year-old Chinese delicacy made from bird’s spit. Which makes this deal, a SGD 589k (USD 464k) round in cosmetics company Purer Skin by Singapore early-stage investment firm Red Dot Ventures , all the more intriguing. This company has a unique founder mix: Teck Hiong Chua , a tech geek involved in tech startups Progeniq and AutoMoneyBack , is a director, alongside Patrick Tan , a lawyer and investor in swiftlet farms, and Dr Henry Leung, a traditional Chinese medicine (TCM) practitioner. Teck Hiong appears to have a knack for bringing traditional investors into the startup fold. His two backers at AutoMoneyBack are in ...

Full article: http://sgentrepreneurs.com/2013/08/15/red-dot-ventures-in...

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