Singapore-based tech media startup TechNode Global has announced in February 2021 that it has raised US$ 1M in a seed funding round led by Kairous Capital. Other investors such as Nutty Capital Venture (Hong Kong) and SPH Ventures also joined the funding round.
The startup will use proceeds from the funding round to expand in Asia and later on to international regions. It also plans to utilize the funds to cover more technology-centric stories and build a wide-ranging cross-border business across Asia.
Gang Lu founded TechNode Global in early 2019. The startup is a spin-off from China-based bilingual tech media company TechNode. TechNode Global’s platform offers tech news, industry insights, events, provides fundraising and deal flow support and enables corporate-startup partnerships.
China and the rest of Asia share deep cross-border commercial ties, especially with Southeast Asia. This presents a huge market opportunity for Chinese tech titans to increase their expansion and investments in the region. After spinning off from TechNode, TechNode Global can utilize its industry and regional know-how to serve the significant Asia Pacific Market better. The media firm claims to have worked with prominent corporations, including Huawei and Alibaba Cloud. As part of its Asia expansion strategies, TechNode Global will establish an office in Malaysia sometime.
Founder Lu said Asia is the next promising technology innovation centre and market. He believes that they are the right place and at the right time to carry out their purpose since TechNode has had a lot of experience and resources in China.
Words from the investors:
Lee, Managing Partner at Kairous Capital, said as his VC firm focuses on investing in startups across China and Southeast Asia, we visualize integration and partnership opportunities in the technology and business space within the region. He further added that TechNode Global, connected with the Asia Pacific technology ecosystem combined with the recently signed RCEP, affirmed that the startup would be a significant player as a regional innovation enabler.
Gilbert Lam, Executive Director at Nutty Capital, was quoted to have said, “Despite the serious impact from COVID, we do see a big innovation opportunity trending into several new technology frontiers. We believe it’s good timing for TechNode to expand into new markets and participate in the fast-growing Southeast Asia tech playground.”
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