ThoughtBuzz Raised SGD 500K From Plug and Play Singapore

Social media monitoring firm ThoughtBuzz has raised SGD500K (USD 380K) in funds under the Technology Incubation Scheme (TIS) from Plug and Play Singapore. Specializing in social media intelligence, ThoughtBuzz is able to sift through all the chatter on the world wide web, from Facebook, Twitter to news sites, to compile everything that is relevant to the client, analyse the sentiment of the comments and provide a detailed report on the insights gathered (read an interview with the team from two years ago).

Under the TIS initiative, The National Research Foundation (NRF) together with Plug and Play have come together to co-invest in select Singapore based high-tech start ups. Plug and Play is one of the seven incubators selected by NRF in 2010.

Thoughtbuzz is Plug and Play Singapore’s first investment.

Other players in this space with presence in Singapore include Brandtology (recently acquired by Media Monitors), JamiQ and Attentio.

If you want to learn more about funding (specifically angel funding options) in Singapore, you might want to read an Overview of Angel Investing in Singapore.