TMI Holding Corporation announced today investments in three Taiwan-based startups, Citiesocial, Driving Curve Inc. and Peeridea Inc.
TMI was founded in 2012 by the US venture capital firm WI Harper Group, ITRI and Kaifu Lee, head of Innovation Works. TMI makes early stage investments in and also incubates entrepreneurs who focus on the Mobile, Internet, e-commerce and hardware acceleration spaces.
Citiesocial.com is an online curated mall focused on “Discovery Through Food & Design”. In addition to presenting many exclusive gourmet and design goods for purchase, Citiesocial engages users through exclusive content related to gourmet and design culture. Launched in October 2011, Citiesocial currently has more than 100 thousand members, over 100 brand partners, and many corporate partners and celebrity users. TMI believes that Citiesocial is the category leader in Taiwan.
Driving Curve, an iOS app, uses GPS to capture an user’s speed and fuel efficiency, information that will enable a user to drive more safely and fuel efficiently. The APP has reached 20 thousand downloads a month after launch and gained traction in Taiwan and France.
Peeridea Inc is founded by Weiting Liu, a serial entrepreneur and two-time Y Combinator alum. His first startup is SocialPicks, a social finance service, backed by Silicon Valley VCs and acquired in 2009. He is also one of the early app developers to gain traction on the Facebook platform. It’s unknown what Peeridea will develop for now.
Leave a comment