StartupsHK Podcast: Norman Cheung of Boxful Talks About Raising Money in Hong Kong and the Future of Logistics Startups

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This is what hopefully will be the first of many podcast interviews by myself with startup founders talking about things important to startups.

I sat down with Norman Cheung, co-founder and CEO of Boxful.com (beautiful site BTW, and done IN HOUSE!) for lunch this week and recorded this 22-minute interview on his recent Series A investment. I learned a lot from Norman who I met in Shanghai last year when he was in another startup, and I’m impressed that he’s done quite a lot with Boxful since January of this year.

The US$6.6 million he raised from non-traditional investors has given me hope for HK’s startup investment scene. Not only did Norman raise from non-VC’s but non-tech companies. This again proves a main talking point of mine that if you want to do a startup in Hong Kong you need to play to its strengths which is finance, logistics, retail/manufacturing/trading and property.

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Hong Kong Startup-Turned-Global Big Data Company ‘DemystData’ Raises US $5 Million in Series A Funding

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Data analytics startup-turned-global software provider DemystData has raised US $5 million in Series A funding.

According to Big Data Pile, Investors involved in this round include Hong Kong-based Arbor Ventures, Nation Capital, P2P Equity Partners, SingTel Innov8 and Wonga founder Errol Damielin. In the past, Arbor Ventures had already invested in DemystData, along with Accion and Venture Lab.

“Big Data is booming; but data access, integration, cleansing, and interpretation is a real pain point for most financial institutions. That’s all we do,” said founder and CEO Mark Hookey. “DemystData software delivers enhanced consumer and small business risk information to augment existing systems and help clients say ‘yes’ more often.”

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Cyberport Announces HK$200 Million Investment to Foster IT Legends

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Hong Kong’s very own creative digital community Cyberport announced this week its latest three-year strategic plan with further investment of HK$200 million to expand its current support for the ICT industry over the years 2014 to 2017. This is really great news for the whole Hong Kong startup community.

According to Cyberport, the past investment of HK$121 million into public mission in the first three-year plan has reaped great success. It has granted over 100 projects funding through the Cyberport Creative Micro Fund (CCMF) and admits over 200 start-ups under the Cyberport Incubation Programme.Altogether, Cyberport’s beneficiaries were able to secure over HK$93 million in funding from local and overseas investors since the initiation of the current three-year plan.

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