SingTel Group's freshly -rolled out SingTel Innov8, the venture capital fund, expressed that it has put in approximately S$800,000 in 2359 Media Pvt. Ltd, its home company.

The sequence -A financing, the initial series of financing subsequent to seed capital, was Innov8's initial investment ever since its commencement during September previous year with an opening fund range of S$200 million. Innov8 was built to support SingTel benefit in the early hours of entrée to latest technologies and remain pertinent to customers' requirements.

Innovators and developers can, in order, leverage the level and stretch of the company to way in 368 in 25 nations with million mobile customers. The group 2359 Media was discovered during 2009, and is backed by NUS Enterprise Incubator.

The funding shall support it to speed up the growth of MobDis, a mobile advertisement formation stand that permits the designers and marketers to speedily design engaging mobile advertisements. 2359 Media prepare to develop its allocation into the US market in the coming quarter.