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startup law 101: founders agreements, seed rounds and IP (event recap)
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We recently collaborated with early stage venture capital fund TRIVE to run ‘Startup Law 101: Founders agreements, Seed Rounds and IP’.
Our Sarah Yen and Kristen Lim from ShookLin&Bok were the keynote speakers, and it was awesome to see registration maxed out and a full room on the day. There’s clearly a desire to start up right in the Singapore startup ecosystem!
Sarah Yen kicked off the evening with a run-down of founders’ agreements and founder vesting. She also covered typical terms in a seed round,as process, timing and cost.
learn more:
raising seed capital in southeast asia part 1: getting investor ready
raising seed capital in southeast asia part 2: structure and terms
Kristen Lim then covered the basic concepts of intellectual property to help founders get comfortable with managing intellectual property at a cash strapped startup.
Our audience was engaged through the end, with over 20 questions via Pigeonhole, our online question portal. Sarah and Kirsten fielded questions from the portal and then individual questions for a full hour afterwards.
We love getting amongst the community and being able to share what we’ve seen in the industry. We want to give founders information and tools to make it easier to look after the legal basics, without needing to untangle things down the line.
A big thanks to Trive for help in organising our session as well as JustCo Marina Square for giving us the space. If you missed it, don’t fret. Check out our online legal resources to help you with your legal basics. We’ll also be answering the questions we received and posting them online soon.
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Kindrik Partners advised VC firm Illuminate Financial on its investment in Singapore-based AI-driven data processing and automation company bluesheets. Illuminate led the US$6.5 million series A round. Other returning investors included Insignia Ventures Partners, Antler Elevate, and 1982 Ventures.
Illuminate invests in B2B fintech and enterprise software companies that build solutions for the financial services industry. Backed by global financial institutions such as Citi, JP Morgan, Barclays, Jefferies, Singapore Exchange Group, and BNY Mellon, Illuminate uses its extensive network and industry knowledge to help their portfolio companies achieve their full potential in addition to providing capital.
bluesheets offers AI-driven data processing and workflow automation software that helps businesses digitise and automate their bookkeeping processes. It plans to use the funds to further enhance its AI capabilities and accelerate growth in key APAC markets, including Singapore, Thailand, ANZ, and Hong Kong.
We’re happy to have advised Singapore-based synthetic data company Betterdata on an oversubscribed seed round of $1.65 million, led by Investible.
The company was founded in 2021 by Dr. Uzair Javaid and Kevin Yee and allows clients to share data faster and more securely in compliance with stricter data privacy regulations being introduced around the world. Betterdata uses generative AI to convert real data into synthetic data that looks, feels, and behaves like real datasets. These synthetic datasets retain the structure and correlations of the original data while eliminating the privacy and security concerns that come with holding and sharing sensitive data.
Betterdata plans to use the funding to publicly launch its product, hire more staff as the company scales, and improve its technology stack, with the aim of providing support for single-table, multi-table, and time-series datasets. The company also plans to expand across the Asia-Pacific region over the next two years.
