Smartkarma, the Spotify of Asian Research, Raises $4.7 Million

  • Singapore research startup raises second round of financing
  • Investors include Wavemaker Partners, Jungle Ventures
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Smartkarma, a service that provides institutional investment research on demand, has raised $4.7 million from investors including Wavemaker Partners LLC and Jungle Ventures to expand its business.

The second round of financing brings total capital raised to $7.5 million, the company said in a statement Wednesday. Other participants in the round included a group led by Koh Boon Hwee, former chairman of Singapore Telecommunications Ltd.