News Release in Year 2009 Business Challenge 2009

17th December 2009


3V SourceOne Capital Vice President, Mr Terence Zou, was invited to be on the panel of judges for the Business Challenge. Business Challenge is jointly organized by Nanyang Technological University's Nanyang Technopreneurship Centre (NTC) and SPRING Singapore to promote and nurture youth entrepreneurship in Singapore.

University of Adelaide's Entrepreneur's Challenge 2009

14th November 2009


3V SourceOne Capital Senior Portfolio Manager, Mr Matthew Wong, was invited to be on the panel of judges for the University of Adelaide's Entrepreneur's Challenge. The Entrepreneurs' Challenge is a business plan competition that aims to foster the successful development of new ideas into investment-ready, early-stage companies. It is organised by the Ngee Ann-Adelaide Education Centre and sponsored by the Ngee Ann Kongsi.

Omeros Coporation Listed on NASDAQ

8th October 2009


Omeros Corporation was listed on NASDAQ on the 8th October 2009. Omeros Corporation is a biopharmaceutical company developing novel products that are delivered directly to the site of tissue injury, inhibiting inflammation, pain and other problems associated with medical and surgery procedure.

ChemNavigator, Inc. acquired by Sigma-Aldrich

6th August 2009


ChemNavigator, Inc. has been successfully acquired by Sigma-Aldrich (NASDAQ: SIAL).

Investment in Equvo Pte Ltd

23th July 2009


3VS1 Asia Growth Fund Ltd led the investment in Equvo Pte Ltd with Spring Seeds Capital Pte Ltd as the co-investor.

3VS1 Asia Growth Fund and 3V SourceOne Venture Fund AGMs

29th June 2009


3VS1 Asia Growth Fund Ltd and 3V SourceOne Venture Fund Ltd held their AGMs at the 3VS1 Singapore office. Among those in attendance were investors, including representatives from EDB. The investors were updated on the funds’ performance and presented with the Annual Shareholders Reports which include the audited accounts from PricewaterhouseCoopers.

Touchdown Technologies acquired by Verigy Ltd

15th June 2009


Touchdown Technologies has been successfully acquired by Verigy Ltd (NASDAQ:VRGY).

Start-up @ Singapore Competition

30th May 2009


Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital was invited as a judge for the Grand Final of the Start-up @ Singapore Competition. 6 teams from the open category and 6 from the youth category presented their business ideas. The competition was organized by the National University of Singapore (NUS) Entrepreneurship Society and sponsored by SPRING Singapore.

Launch of 3VS1 AGF2

21st May 2009


3V SourceOne Capital (“3VS1”) has launched the 3VS1 Asia Growth Fund 2 targeted at institutional and individual investors. The 3VS1 Asia Growth Fund 2 is our second fund pending approval under the Global Investor Program (“GIP”) administered by the Singapore Economic Development Board.

Leveraging strong growth engines in the Greater China and Asia regions, 3VS1 Asia Growth Fund 2 offers a balanced Asian portfolio strategy by investing in:


Low-risk, growth and late stage, near-liquidity portfolio companies in Asia to generate positive cash flows for early dividends
Promising, fast-growing companies in industries supported by the government to provide meaningful capital gains as the fund matures
A diversified portfolio to ride industry cycles

3VS1 leading the LEAD proposal to SPRING

May 2009


Mr. Terence Zou and Mr. Seetoh Weihan are currently representing 3VS1 in leading the industry effort to grow the Venture Capital and Private Equity (VC/PE) industry in Singapore. They are working collaboratively with the Singapore Venture Capital & Private Equity Association (SVCA) and government agencies to draft the strategic framework and implementation details for the proposal. The funding proposal will be submitted through SPRING’s Local Enterprise and Association Development (LEAD) program. Under the LEAD program, key industry associations like SVCA, can obtain grants to defray project development costs and to fund the implementation of various initiatives. The proposal is expected to be tabled sometime in 3Q2009.

Corebridge (Holdings) Limited Nominated as Finalist

15th April 2009


Corebridge(Holdings) Limited has been nominated as a finalist in Innovate!Europe’s search for Europe’s top start-up the next stage of which is to be held between 4-6 May 2009 in Zaragoza, Spain.

Understanding the VC/PE Industry in Singapore Seminar

23rd March 2009


Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital hosted a group of MBA students from MIT Sloan School of Management in a seminar on Understanding the VC/PE Industry in Singapore. Mr Tan addressed the audience on “3VS1 Riding the Next Wave”. The other 2 speakers were Ms Li Hwee Bin from Singapore Venture Capital & Private Equity Association and Mr Patrick Lim from SPRING Singapore.


The seminar was held at Hwa Chong Institution, engaging more than 100 guests and students in a networking session during tea reception.

Omeros Corporation Receives Funding

28th January 2009


Omeros Corporation announced that it was awarded $3.1 million in a second tranche of equity and grant funding from The Stanley Medical Research Institute (SMRI) to support late-stage preclinical development of the Company’s proprietary product candidates for the treatment of schizophrenia.

Corebridge (Holdings) Limited

17th January 2009


Corebridge (Holdings) Limited wins the prestigious Red Herring Global 100 Award.

Expansion of Ingeo Systems, Inc.

13th January 2009


Ingeo Systems, Inc., the number one provider of electronic document recording technology in United States recently added five more counties to its network in Colorado, bringing the total to 22. This expansion extends the company’s population coverage in Colorado to nearly 60%.

Understanding Venture Capitalists Seminar

12th January 2009


Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital was invited to be a panelist on the topic “How to Work Effectively with VCs?”. This event was organized by the Singapore Venture Capital & Private Equity Association and was held at the Singapore Cricket Club.


This event gathered about 50 venture capitalists, investors and entrepreneurs for a presentation followed by a highly engaging panel discussion.