01 November 2021, by SEED Ventures
MOX by INVADE, a co-making space for creatives, has recently joined hands with SEED Ventures (SV), a Monetary Authority of Singapore (“MAS”) licensed venture capital ("VC") fund management company headquartered in Singapore.
The name MOX is inspired by the word ‘moxie’ which means to be brave, bold and daring. This is something MOX’s community exemplifies, the courage to be different.
As Singapore’s first independent workspace targeted at creatives, MOX stands out from other co-working spaces by connecting members with resources and collaborative opportunities for its community.
INVESTMENT MANDATE
Companies SV Invests In:
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Company founders that 'match' with us in terms of communication, execution styles & beliefs
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Proof of distribution & sales
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Scalable and recurring income streams
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Founders who are candid to audits and make full disclosures
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Founders who are PhDs: "poor, hungry and determined" (at least 2 out of 3)
Specifications:
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Pre-seed and seed-stage companies ONLY
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Investment quantum: ~SGD500,000
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Possible investment structures:
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Opex, Purchase Order financing
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Venture-debt (loan that comes with an equity-kicker for the investor). Click here.
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Straight-up equity
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Royalties
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Simple Agreement for Future Equity (SAFE)
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Co-investment (matching style: SV may invest a few dollars for every dollar raised by the Company)
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Equity ask: usually 5-15% of the company
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Investment tenure: 2 - 4 years
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Portfolio companies MUST be domiciled in Singapore
Companies SV Does NOT Invest In:
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Founders who are unwilling to put themselves on the line ("wantrepreneurs" need NOT apply​)
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Unresponsive/irresponsible founding teams
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Lack of proper documentation; unwillingness to focus on Standard Operating Procedures and compliance standards
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Businesses that portray themselves to be 'perfect' or 'revolutionary'
Conflict of Interest and Controls: -
SEED expects all its investees to conduct business properly and legally.
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To ensure operational independence between SEED and service providers, SEED adopts a ​​​3-quote system so that transactions can be conducted at an arms-length manner.
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Investees are encouraged to perform research before appointing any service provider for their business needs.
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Anyone suspicious of any illegal activity may provide feedback here.