Justifying the move to the Asian industry Eduardo’s spokesperson Tom Goodman told Agence France Presse “He has found it more practical to become a resident of Singapore for the long term. He believes that Singapore is at the centre of the IT zone for growth, especially in relation to consumer technology, with an Internet and mobile base that is fast expanding and growing in dominance worldwide. He also plans to invest in Brazilian and global companies that have strong interests in entering the Asian markets."

Eduardo is trying to boost the city’s startup community by attracting more and more world class firms. Another Singapore based startup called Anideo has raised funds from Eduardo for their video streaming application Denso.