Secured $1.5m Investment from Tong Huai SG Enterprise

Phaos Technology managed to secured SGD $1.5 million from Tong Huai Group, Singapore Enterprise,

TongHuai is a private equity investment firm based in Singapore, focused on venture and growth capital investment into SMEs in Singapore and around the region. TongHuai provides hands-on support and guidance, with the aim to transform its portfolio of companies and maximise them to their full potential.

With the acquired funds, Phaos Technology managed to set up its core professional management team.

Andrew Yeo, CEO

Andrew is a serial technology entrepreneur, having started several technology startups in his career, spanning edu-tech, IoT and mobile technology. He served in the NUS Enterprise, the innovation office of NUS, working closely with deep tech startups, transforming them from concepts to sustainable business. With over 15 years of business and strategy management in the startup and innovation space, Andrew is ideal to be the leader to bring Phaos Technology to the next level.

Tay Beng Boon, Vice President of Product Development

Beng Boon is a seasoned product engineer with over 25 years of experience in developing and designing products from concept to product and manufacturing. A multi-disciplined engineer, Beng Boon has extensive working knowledge and experience in clean tech, electronics, semiconductor, waste, water and energy technology. He grew a local engineering company from scratch to an annual turnover of $35M in 10 years, managing over 100 employees. Beng Boon is a rare deep tech innovator with a keen business acumen.

Merlyn Xiu, Vice President of Sales and Marketing

Merlyn has over 30 years of channel and direct sales experience, leading and managing regional sales accounts in the electronics industry. He has been consistently growing and managing sales account of over US$25M per annum. Merlyn has been instrumental in setting up several offices in China, including areas such as Shenzhen, Beijing, Tianjin and Qingdao for the companies he has worked for. An experienced international business sales expert in the electronics industry, Merlyn is the key driver for Phaos Technology.

Eric Ng, CFO

Eric has over 20 years of experience in the financial industry, including being the founding partner of a private equity asset management company investing in small and medium-sized enterprise. He has deep experience in financial management, fund-raising, corporate restructuring, and advising companies in their initial public offering preparation. Eric is also a Chartered Financial Analyst charter holder and Chartered Financial Consultant. As the CFO of the Company, Eric has direct oversight of the functions of finance, financial reporting and controls, tax, risk management, investor relations, and the administrative matters of the company.