Asia
Cash climb for Ascenz
Singapore: Venture capital firm Red Dot Ventures has decided to invest S$589,000 into Singapore’s fuel tracking IT specialist Ascenz which as a monitoring system allowing shipowners to remotely track data on fuel consumption.
As part of Red Dot’s incubation model, 2008-founded Ascenz will also receive assistance in terms of management, mentorship and market access. [02/01/13]