Angel network She1K invests in 3 startups from first pitching event

Global angel network She1K has announced that it invested more than S$500,000 (US$348,000) in three startups that stood out in its Shark Tank-like pitching event.

Photo credit: She1k

The program, called C-shark Tank, was set up to encourage more corporate executives (called C-sharks) to invest in startups. In its first outing, the event saw 23 executives participate with upfront investment commitments to fund winning startups.

The top three participants were selected from 12 finalists who were given credits from Amazon Web Services, Segment, HubSpot, Zendesk, and Found8. They operate in industries including healthtech, edtech, fintech, logistics, and sustainability.

Here are the winners of She1K’s inaugural C-shark Tank program:

• Lumiere32 is a Singapore-based business-to-business procurement platform that provides a one-stop shop for healthcare providers in the region.
• Kibus Petcare is a Spanish startup that has developed a pet food appliance that automatically cooks food for cats and dogs.
• Nephtech is a healthtech company from Singapore that provides patients and dialysis centers with an evidence-based approach to vascular access surveillance and management.

According to a statement, the startups were evaluated based on valuation appeal, defensibility, team, traction, business model, and scalability.

Each C-shark and other She1K members can top up the pool of investment formed by the 23 participating C-sharks for any of the 12 finalists. Some of the C-sharks chose to invest in two additional startups from the remaining nine participants: Singapore’s Advantir Innovations and BeamandGo, which is present both in Singapore and the Philippines.

She1K said it’s now gearing up for its next C-shark Tank event, which is slated for September 24 in New York.

Set up in 2018, the Enterprise Singapore-backed network aims to rally 1,000 corporate women to pool together funds to invest in startups globally. She1K also extends to angels and co-investing partners such as early-stage funds.

Its earlier investments include Performance Rotors (Singapore), StratifiCare (Singapore), and Farmshelf (New York).