IdeaRiverRun Invests over RM2 million in Gimmie

PETALING JAYA (SELANGOR), 28 November 2014 - IdeaRiverRun, a private investment company and incubator, today invested RM2.34 million (US$700,000) in Singapore-based Gimmie, a leading provider of digital marketing tools such as loyalty and rewards programs.

The investment will further strengthen Gimmie’s expansion in Asia with its soon-to-be launched GimmieX, the region’s first Software-as-a-Service (SaaS) Data Management Platform (DMP) and new customer wins for its Gimmie Loyalty Platform. The newly injected funds will be used to ramp up the product development of GimmieX and to provide in-country support for the Gimmie Loyalty Program in the region.

Digital News Asia Raises RM 1-Million Seed Funding from IdeaRiverRun

PETALING JAYA (SELANGOR), 10 November 2014 - Digital News Asia (DNA), an independent technology news portal, announced today that it has secured RM1 million (approximately US$300,000) in seed funding from IdeaRiverRun (IRR), a private equity fund.

he investment will be used to fund DNA’s regional expansion in South-East Asia, further build its team, and to develop new products and channels.