myFirst raised S$15M in a Pre-Series A funding round led by Lynx Asia Partners to expand to over 20,000 locations, including North America, for kid-friendly social media ecosystem and tech products
Apr 06, 2024•over 1 year ago
Amount Raised
$15 Million
Round Type
series a
Investors
Lynx Asia Partners
Description
Singapore’s myFirst Tech Holdings Pte Ltd has appointed SGX Mainboard-listed Fu Yu Corporation Limited as its exclusive contract manufacturer to propel a major North American expansion of its kid-safe digital platform. Fu Yu will provide a full suite of solutions to manufacture and assemble myFirst’s products, scaling up production supported by its Smart Factory in Tuas, including rapid prototyping, metal 3D printing, liquid silicone rubber injection moulding, and high-precision tool fabrication.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech