SingTel Innov8 has invested about S$800,000 in a Singapore-based website services company, 2359 Media.

Singapore Telecom has made its first deal since setting up a S$200m ($150m) corporate venturing fund last year.

SingTel Innov8 has invested S$800,000 in a Singapore-based website services company, 2359 Media.

Yvonne Kwek, chief executive of Innov8, said: “We are excited to support the local ecosystem of developers and innovators. We have also been encouraged by the level of interest and promising ideas we have received so far, not only from Singapore, but from around the world including China and…