Singapore, 5th June 2020 – Hubble, a Singapore-headquartered start-up founded in 2016, has raised its first external financing in a SGD 5 million venture capital round led by Tin Men Capital.
Hubble is the market leader in construction data analytics. Hubble’s suite of fully integrated software automates the entire range of construction processes on-site that have traditionally been accomplished mostly via manual processes. This covers the four Ms of building contractors’ operations, namely the management of workforce (Men), construction inputs (Materials), construction equipment (Machinery) and capital flows (Money). By deploying, tracking, optimising, and automating the management of the 4Ms, Hubble improves capabilities across scheduling, resource deployment, and management of productivity, overtime, quality, safety, and more, all via simple dashboards and apps that are usable by both contractors’ ground personnel and head office. In addition to contractors, Hubble also works closely with Singapore’s Building and Construction Authority (BCA), Public Utilities Board (PUB), and Infocomm Media Development Authority (IMDA).
Tin Men Capital is a Singapore-based, operationally intensive venture capital firm that’s exclusively focused on B2B tech startups with South-East Asia as their primary market of interest. The firm is run by venture investor-operators Murli Ravi, Benjamin Tan and Jeremy Tan.
Hubble’s founder and CEO Lin Shijing is clear about why he chose to partner with Tin Men:
“Raising money is never easy as you need to pick the right partner on the right terms. Despite having secured term sheets from a number of investors, we chose Tin Men as they were already deeply familiar with the opportunity in construction, and quickly recognised what we had built. I also knew that I would have access to the scaling expertise of all three Tin Men co-founders, which is important as we now plan to scale across Southeast Asia.”
Tin Men co-founder Jeremy Tan adds,
“Building good products is important but is of no use without market adoption. In Hubble’s case, we saw that almost all the major contractors in Singapore have quickly signed on as happy clients, including Woh Hup (one of Singapore’s largest building contractors), Jacobs (an NYSE-listed construction services firm), KKL (one of Singapore’s largest earthworks contractors and materials suppliers), and HSC Pipeline Engineering (an infrastructure specialist with a track record spanning over a quarter-century), among others. None of this would be possible without the tight-knit team that consistently and swiftly delivers under the leadership of SJ and his co-founder and CTO Peter Widjaja. We look forward to a long and fruitful partnership.”
Hubble is the market leader in construction data analytics. Hubble’s suite of fully integrated software automates the entire range of construction processes on-site that have traditionally been accomplished mostly via manual processes.
About Tin Men Capital
Tin Men Capital is a Singapore-based operationally intensive venture capital firm. Its co-founders are Singapore citizens Murli Ravi (formerly at Temasek Holdings and JAFCO), Benjamin Tan (formerly at Microsoft & WPP, who also founded and sold 3 businesses), and Jeremy Tan (formerly at Morgan Stanley and Puma Energy).
Tin Men invests in industrial technologies and automation opportunities that are coming to the fore in South-East Asia spanning segments such as smart cities & real estate, transportation & supply chain, manufacturing, and consumer commerce enablement.