Local start-up Amaranth gets Series C funding

[SINGAPORE] Start-up activity in Singapore continues apace, with medical-device company Amaranth Medical reporting the successful closing of Series C funding, and online travel agency BeMyGuest announcing the acquisition of travel agency Indiescapes.

Amaranth Medical, a spin-off company from Nanyang Technological University (NTU) and a manufacturer of fully bioresorbable stents, has secured equity investment from Boston Scientific, a global medical devices manufacturer.

The investment amount, while undisclosed, is "substantial", said Alex Koo, director of Phillip Private Equity and founding investor of Amaranth Medical.