In brief: Impact Hub successor, Collision 8 combine in Singapore

Found (previously Impact Hub Singapore) and Collision 8 will now be known as Found8. The merger brings together S$20 million (US$14.7 million) of growth investment, five locations covering over 74,000 sq ft in Singapore, and another 22,000 sq ft of space to be opened in Kuala Lumpur, Malaysia.

Source: Found8

Found8 will provide its members with “inspiring” co-working and event spaces, as well as access to “leaders” in the ecosystem, such as venture builder Antler.

The new entity plans to bring more funding opportunities for its members through its associated funds like Found Ventures, Aurum Investments, and its Investor in Residence partners from the region’s top venture capital funds. Co-living startup Hmlet and B2B food services platform FoodRazor are among those to have benefited from its in-house VC funds.

Found8 will also continue to grow its corporate innovation arm, which helps large businesses develop new revenue drivers and internal transformation through collaborations with startups.

Before rebranding to Found, Impact Hub Singapore was one of the pioneering co-working spaces in Singapore.

Currency converted from Singapore dollars. Rate: US$1 = S$1.36