Tech In Asia media raises $ 6 million to expand model in region

by bold-lichterman

  • In 2015, Tech In Asia raised $ 4 million to position itself on employment
  • With this new investment, Tech In Asia wishes to strengthen its teams.

Tech In Asia, a medium that retraces the news of new technologies in Southeast Asia, has completed a funding round of $ 6 million. The investors were not specified. According to rumors relayed by TechCrunch, the company is currently looking for a buyer. Having failed to find one, this new fundraising should allow it to maintain its independence for the time being.

Founded in 2009 by Willis Wee, Tech In Asia is an information platform for the tech community in Asia. It also organizes various events throughout the year. It is from this activity that it derives its main income.

The media has been able to diversify its activities to face the competition. In 2015, Tech In Asia raises $ 4 million in Series C to get into employment. The ad service was created in May 2016. Today, Facebook or Uber use this tool.

The company is gradually withdrawing from India. She announced several job cuts and recently canceled events that were planned in the country.

Tech In Asia is among its competitors E27 specializing in events or even business information media Deal Street Asia.

With this new investment Tech In Asia wishes to accelerate its development with new hires. A total of 14 people would be recruited across South East Asia, for various positions. After reducing its presence in India, the pure player is now targeting Singapore and Indonesia as a priority. The online medium has more than 100 employees, most of whom are based in Southeast Asia.

Founder: Willis Wee

Launch: 2009

The head office : Singapore

Activity: online media

Funding: $ 6 million in March 2017