Daily Briefing: Bali-style GCB to tender at $23m; Chemical separation tech firm SEPPURE secures $2.6m seed fund

And here’s how firms could tap into a fast-growing esports and gaming culture.

From iCompareLoan:

A Bali-resort-styled good class bungalow (GCB) in Kilburn Estate is up for auction at $23m, according to Knight Frank Singapore.

Located at 18A Yarwood Avenue, the 999-year leasehold two-storey GCB has a land area of 18,911 sqft and a floor area of approximately 8,956 sqft. It also features a car porch and sheltered terraces totalling a size of 678 sqft; as well as a basement, swimming pool, a landscaped garden and koi pond.

Successful sales of properties along the same stretch include the home at 19 Yarwood Avenue, which sold for $22.15m February and 21B Yarwood Avenue, which transacted for $19.4m in March.

The auction will be held at 2.30pm on 18 September at the Connection Room of Amara Singapore.

Read more here.

From DealStreetAsia:

Singapore-based chemical separation technology startup SEPPURE has announced raising $2.6m in its seed funding round backed by Silicon Valley-based venture capital firm and accelerator 500 Startups.

The funding round was led by US-based multi-stage venture fund SOSV and participated by Singapore government-owned innovation platform SGInnovate, Entrepreneur First, Belmond Capital, Credence Partners, and other prominent investors.

In a statement, SEPPURE, founded last year by Mohammad Farahani and Amir Taheri, said the fresh funding will be used to scale-up the production of chemical-resistant nano-filters and finance industrial-scale pilots with potential customers.

SEPPURE creates a new generation of nano-filters for chemical separation and purification in multiple industries. Many global industries, from food to pharmaceuticals, rely on the science behind chemical separation and purification.

SEPPURE last raised $180,000 in its pre-Seed funding round backed by Entrepreneur First, SOSV, and Chinese full-stack accelerator for hardware startups HAX, in December 2018.

Read more here. 

From Channel News Asia:

It would not be just gaming developers and publishers who will benefit when gamescom asia makes its Singapore debut in October 2020, said industry experts. Professional gaming, or e-sports, could also take off, they added.

It will be the first time that a "tier one" gaming trade show is being held in Southeast Asia – joining the likes of Tokyo Game Show and The Electronic Entertainment Expo (E3) in Los Angeles.

“Just from our experience with gamescom, it can be that incubator… for a league, for a tournament, to be born on a trade fair and then move to its own home with a regular stadium event,” says Ralf Reichert, CEO of e-sports production company ESL.

And Singapore companies are raring to go. While Southeast Asia makes up just 3.1% of the global gaming market, spending on games has grown 22% YoY, according to market reports from Newzoo earlier this year.

Future growth will be driven by the region’s relatively young, mobile-savvy population, and as more people gain access to the Internet.

Read more here. 

Photo from Seppure's Facebook page