Press release -
Social Video Diary Present App Announces SGD$500,000 Funding from Prominent Investors in Singapore
Singapore, 23 April 2015—Singapore-based Present app has just raised half a million in SGD from prominent investors such as James Teo, Executive Chairman of Eastgate Technology, and Bobby Lim, Executive Director of Tai Sin Electric, among others. The funding will go towards building a strong team to enhance existing features, as well as developing new ones, in preparation for Present app’s launch later this year.
Present app is the first social video diary that empowers users to crystallize their moments. The app acts as a memory bank, letting users crystallize their moments with features that enhance the user’s ability to record without any interruption, and preserving the moment’s authenticity. Some features include:
- App-launch recording allows users to seamlessly capture fleeting moments in their lives, without interrupting the moments as they happen
- Users can capture moments as they happen and not feel rushed to edit and upload them immediately with the upload-later function
- All videos that are recorded with the app are saved to the Present cloud, and users can choose which moments to share publically to their followers, and which moments to keep private just for themselves
- The Nearby feature extends the app’s memory bank functions and automatically retrieves past videos recorded in the vicinity of the user’s current location, acting as an easy extension to the user’s own memories.
This round of funding will be used for recruiting passionate talents for their development team, in order to build upon existing functions, as well as developing and testing to introduce new features.
“It’s essential to me to find a team that understands and shares my passion to fulfill Present app’s vision to bring an effortless and seamless way to crystallize moments that are precious to us—moments that we want to conserve in their purest form. All the R&D that we are currently doing will go towards optimizing the app towards this end goal,” explained Peter.
“Beyond the company potential that I see in Present app, I also admire the people and vision that have come together to create this app,” noted James Teo. “I believe that Peter has laid down a fantastic foundation for the app to take advantage of our natural desire to preserve and treasure all the unique memories we experience, and to crystallize something that is fleeting.”
The idea for Present was born from Peter’s many travels across continents through his social enterprise, which encouraged children in devastated areas through art. “I realized I had begun to collect a swathe of memories that would happen in these pockets of time that became indeed very special to me, and that I felt compelled to store all these stories into a memory bank,” Peter explains. Through its ability to capture genuine, spontaneous moments without interruption, Present app really has become a memory bank for its users to store the moments that they want to cherish forever.
Presently is currently in open public beta on iOS.
For more information, please visit http://presentapp.co.
Present app is a Singapore-based startup that provides a social video diary allowing users to capture and log their life in the form of videos, ensuring effortless recording of transient moments. Present is currently in open public beta testing on iOS, and will be officially launching later this year.
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