Apps Foundry finds direction

Apr 25, 2013 • Global Corporate Venturing

News provider TechCrunch said Apps Foundry had in aggregate raised S$4.3m since its launch in 2010.

Apps Foundry, a Singapore-based digital newsagent, has raised S$3m ($2.4m) in its series B round from Kompas Gramedia, Indonesia’s largest media group.

News provider TechCrunch said Apps Foundry had in aggregate raised S$4.3m since its launch in 2010. Its angel and seed round of S$320,000 was led by Indonesian accelerator East Ventures, while the A round of S$1m came from venture capital firm Gobi Partners and Japan-based investment firm Mitsui Global Investment.

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