15 Jun '12, 5am

Infocomm Investments funds @Twilio, @Hoiio’s competitor

Infocomm Investments funds @Twilio, @Hoiio’s competitor

Infocomm Investments funds Twilio, Hoiio’s competitor June 15, 2012 by Terence LEE Infocomm Investments , the VC arm of Singapore’s Infocomm Development Authority , has invested in San Francisco-based mobile development company Twilio , joining existing investors Bessemer Venture Partners , Union Square Ventures and 500 Startups , announced CEO Lim Kuo-Yi in a blog post on 13th June. Terms of the deal were not disclosed. Twilio offers developers an API that allows their apps to make and receive phone calls, as well as send and receive text messages. Singapore-based Hoiio , the winner of the People’s Choice Award at DEMO Asia 2012 , has a similar concept. But while Twilio has focused on being an app enabler, Hoiio has ventured into developing a suite of communication apps. Infocomm Investments aims to “attract and nurture a vibrant pool of entrepreneurs and startups to enha...

Full article: http://sgentrepreneurs.com/news-stop/2012/06/15/infocomm-...

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