01 November 2021, by SEED Ventures
MOX by INVADE, a co-making space for creatives, has recently joined hands with SEED Ventures (SV), a Monetary Authority of Singapore (“MAS”) licensed venture capital ("VC") fund management company headquartered in Singapore.
The name MOX is inspired by the word ‘moxie’ which means to be brave, bold and daring. This is something MOX’s community exemplifies, the courage to be different.
As Singapore’s first independent workspace targeted at creatives, MOX stands out from other co-working spaces by connecting members with resources and collaborative opportunities for its community.
Funding Roadmap
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Fund raising is a technical and
lengthy progress that can take 3 - 9 months
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Click on the bubbled numbers for details
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SEED Tank
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Call For
Resources
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Questionaire
Due Diligence
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Go-to-Market L1
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1st Investment
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Contact with VC
and Angels
Investment Unlocked !
1. Questionaire
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For the prospective pitcher to summarise the idea/business and the investment opportunity
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For the organiser to profile pitchers and invite venture partners and industry players
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As a control to prevent misrepresentation
2. SEED Tank
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Held every 2nd and 4th Friday of the month.
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The purpose of the 1st Pitch is to check for readiness, to see if the Investee Company(IC) is mentally, emotionally and has the resources to go on the fund raising journey.
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Not a technical exercise to plough through documents and spreadsheets.
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SV will point out shortfalls and provide advice.
3. Due Diligence
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To conduct DD in the 4 standard areas of Marketing, Human Resource, Law and Finance
4. Call for Resource
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Opportunity for successful pitchers to meet relevant gatekeepers in person
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To request for resources such as:
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Distribution points
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Connections
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Sales points
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Cash
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5. 1st Investment
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Successful ICs will receive investments ranging from 5K to 300K in the form of cash and/or services.
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Services: Branding and Marketing, Human Resource, Law & Finance
6. Go-To-Market L1
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The purpose is to prepare for the real thing.
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Highly technical in nature, the GTM will involve finalising key documents such as roadmaps and going through audits.
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Involves filming, development of promotional kits.
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Contact with industry gatekeepers etc
7. Contact with Specific Industrial Gatekeepers
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This is where the tyre meets the road.
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ICs will pitch to specific industry experts and business leaders including other VCs for the purpose of soliciting more resources
8. Go-to-Market L2
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Production of products/services/solutions
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Scattering
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MOUs for bulk-purposes or usership
9. Confirming the Investment/Subsequent Investments
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To talk about the future
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To ink out the roadmap to go public, exit or M&A
10. Investment Unlocked!
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Funds are usually dispersed in accordance to a Capital Call Schedule, a 'calendar' that plans out when funds can be unlocked.
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The unlocking of funds is usually is pegged to Key Performance Indicators previously discussed and agreed upon.
In the form of cash and/or service*