A Startup from the Philippines, and four more across Asia are up for funding via the Seedstars World Crowd Fund, which allows European investors to invest with a minimum of 100£. The fund is running via Seedrs, the first crowdfunding platform for funds in Europe (equity crowdfunding). Salarium, a Philippine startup wins in the Seedstars World Competition in Switzerland and $500K Equity Investment.
Philippine startup Salarium: Winner of Seedstars World Competition
Ten finalists were selected at the Seedstars World semifinals at the EPFL on February 3rd. In total, five of the ten startups came from Asia, consisting of Singapore’s 6Degrees, a self updating phone book; crowd sourcing concert organizer Krowdpop from ,Seoul; India’s Scandid app for geolocalized savings and discounts; Salarium, the Philippine payroll service; and Bangkok’s Washbox24, an automatized laundry service thanks to specialized lockers. The other finalists were Peruvian travel platform Busportal; Nairobi’s OkHi; the Brazilian hardware device Ploog; Yerevan learning management system Sololearn; and casual gaming studio The Other Guys from Argentina.
Before the semi-finals, the startups took part in an intensive bootcamp at the leading engineering school EPFL, which included pitch training and mentoring session that reexamined each startups business model and financial sustainability. Mentors included top entrepreneurs such as Chinaccelerator’s Todd Embley and Eventbrite’s Co-founder Renaud Visage, as well as representatives from leading tech companies like Cristina Riesen of Evernote, and Nicolas Bry, the SVP of Innovation at Orange Vallée. The bootcamp offered exclusive insights into the Lausanne area, which the State Department of the Vaud Canton has been transforming into one of the best European spots for startups over the last years. “The top ten were truly excellent finalists, but it wasn’t easy choosing from such a wealth of startups!” said Raphael Dana, jury member and CEO of business strategy consultancy Galixo.
The ten finalists pitched their startups in front of an international and prestigious jury including Serendipity Investments’ founder Jose Marin, Marco Corradino, founder of Bravofly Rumbo Group, Kinnevik’s Jessica Thorell, Techstars MD Jens Lapinski, Mountain Partners founder Dr. Cornelius Boersch, Johnny El Hachem, CEO of Edmond de Rothschild Private Equity, and Seedstars and Seedstars World co-founder Pierre-Alain Masson.
Grand Winner Judah Hirsch, was awarded the first Seedstars World trophy and was crowned the “Seedstars World Best Startup 2014” for their payroll SaaS solution, Judah Hirsch, CEO of Salarium, talked to us about winning the SSW trophy and what it means to him and his company. “Winning this is a huge boost of credibility for us, and the connections we established during the SSW Final Event alone will be very helpful for our further success and expansion plans. The win is especially meaningful to us because all of the entrepreneurs here showcased great ideas and impressive business models.”
The startup impressed the jury as it already gained considerable traction, with DHL as a signed customer. “Not only did their product prove to be highly scalable and innovative, it already has a huge traction on the global market” said Pierre-Alain Masson, Seedstars World jury member.
The Seedstars World Final Event also featured several sessions and workshops, which discussed trends in emerging markets and how to disrupt traditional industries. Temenos featured the session Is banking in the perfect storm of disruption? with financial service experts, such as Ingenico’s Mouna Fouillade. The evening offered an exclusive dinner in partnership with Edmond de Rothschild to further connections between the Seedstars World startups and business angels, VCs, HNWIs, and investors.
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