Monday, May 18, 2015

Funding Box: The Latest Startup Funding News

The Funding Box provides information on venture capital/private equity and startup funding. Here's a list of top startup funding stories.

Rovop, a Westhill, UK-based independent subsea remotely operated vehicle services firm, has raised £10m in funding from the Business Growth Fund. The company will used the funds to continue development and market expansion. Rovop makes subsea remotely operated vehicle or ROV. Rovop's unmanned subsea vehicle are used by the offshore oil and renewable industries to carry out a wide range of tasks to support drilling operations, cable lay inspections, subsea pipeline constructions, and platform maintenance and repair.

Alpha7, a Singapore-based technology startup for businesses, has raised an additional S$3.1 million in funding. The Singapore-based company, which has raised S$3.6 million to date, including its recent seed investment round of S$500,000, plans to use the fresh capital for product development and talent acquisition. The company plans to double its staff, making hires at various levels to support growth and marketing efforts. Alpha7 is a Singapore-based technology consultancy, providing business, operations, financial&technical expertise, recommendation and implementation. Founded in 2014 by CEO Lynette Seah, the company's tool provides businesses with solution across a range of technology applications, spanning marketing, sales, operations, finance and human resources. 

Image Credit: BBC

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