SINGAPORE, May 5 — MOX announces opening of its Singapore office at The Co., a community centric shared workspace with strong regional footprints. MOX, the “Mobile Only Accelerator” of SOSV and a sister program to Chinaccelerator in Shanghai, invests in early to growth stage mobile startups and focuses on helping global companies accelerate user growth and monetization across the mobile first, mobile only emerging markets in Southeast Asia and India. MOX runs its 3-month acceleration program in Taipei and its Singapore office is a base to recruit local startups and bring MOX portfolio companies to expand regionally post-program.
MOX, a VC backed accelerator, provides a unique value proposition to startups through its distribution network with a user reach in hundreds of millions. “We’ve seen startups with great ideas and products fail even after successfully raising fund — they ran out of money buying ads on Facebook and Google without knowing how to make money from users,” says William Bao Bean, Managing Director of MOX and Chinaccelerator. “MOX helps startups significantly reduce the gap between early monetization to break-even.”
“MOX doesn’t stop at helping global startups to access Southeast Asia,” adds Bean, who is also General Partner at SOSV, a US$300 million venture fund that operates MOX along seven more accelerators across the world with industry focuses — synthetic biology, hardware, food technology, smart city and software. “As the quality of startups improves in Southeast Asia, we believe that MOX can be the landing pad that launches startups from the region into the world,” Bean says.
The Co. has locations in Singapore, Kuala Lumpur and an additional 15 meeting hubs across Asia-Pacific. With plans to expand to more Southeast Asian countries The Co. is a natural partner for MOX. What makes The Co. unique is its focus on combining a beautiful work experience with a sense of community through events. “MOX companies will be able to immerse into local entrepreneurship while giving the local startup ecosystem an international boost,” says MOX Investment Partner Melody He.
“We are excited to have an official home base in Singapore via The Co.,” says He, who moved from China to Singapore. “When we visited co-working spaces in Singapore, we were usually shown around to see the desks, meeting rooms and the pantry. When we visited The Co. at Duxton, we were taken around the whole neighborhood. MOX invests in startups globally and bring them to Singapore. When they land, we want them to immediately feel they are part of the community and see themselves not working and visiting but working and living in this vibrant and cultured city.”
Together MOX and The Co. will work to strengthen the international startup community and culture in Southeast Asia. MOX will host its official launch party on May 18th at Co., 99 Duxton, which will be open to the public. Follow the MOX Facebook page to find out more.
About The Co.
The Co. is one of Southeast Asia’s fastest growing entrepreneurial communities, it’s also a premium work experience that uniquely weaves life and business together through an inspired sense of adventure and purpose. Everything we do orientates you towards a successful business adventure. Whether it is connecting you to the best of the neighbourhood, making sure you are in good company or providing quality, design focused facilities, we are committed to your world working well so that you can get get on with your walk.
MOX — the Mobile Only Accelerator — helps the best mobile startups from around the world acquire millions of users in mobile-first, mobile-only markets i.e. SE Asia, Eastern Europe and South America. MOX has 150+ million users on its smartphone platform and offers free user acquisition and investment in return for equity and revenue share. The strategic partnership kicks off with a three month accelerator program and includes 250-500k new users to optimize retention and monetization. Based in Taipei, MOX is operated by SOSV – the Accelerator VC – a venture fund with $300M AUM operating eight global accelerators.
You can find MOX’s portfolio companies and program details at:
You can find out more about SOSV’s 8 accelerator programs here: