Singapore's IDA participates in US$10mil investment in Quid

Quid, a San Francisco-based data collection and visualization firm, has received a Series C funding of US$10 million from an international slate of investors, some well-known (see press release).

Besides Infocomm Investments, which is the VC arm of the Singapore government’s Infocomm Development Authority, other investors include the London-based Atomico, which is the VC firm of Skype co-founder Niklas Zennström (read SGE’s article about him), American “super angel” Ron Conway, and the Founder’s Fund, which was started by PayPal co-founder Peter Thiel.

Endeavour Vision, a VC firm based in Switzerland, and founding investor Charles Lho of Korea also participated in this round of funding.

Quid collects data from the global technology sector, then organizes and visualizes them into information that is actionable. Decision makers can use the software to discover opportunities, derive investment strategies, and identify standout companies. Microsoft is one of Quid’s clients.