Singapore-based media company E27 has closed a SG$3 million (US$2.2 million) Series A round as it looks to redevelop its tech-focused news website and events business following some tough times.
The company previously raised seed rounds, the most recent being, and there had been for the past month or so. Now the company has confirmed its raise from a bevy of new investors each of whom is involved in early-stage tech. The round was led by China-based TechTemple Group with participation from (also China), Indonesia’s and Singapore-based duo and venture builder .
E27 is best known in Southeast Asia for its news site —— and its long-running events business. First founded in 2007, it has endured a rough past year which . With new money in the bank, though, E27 CEO and co-founder Mohan Belani plans to make new hires across the company to grow the editorial and events teams, as well as strengthen newer businesses which include a , Crunchbase-style and where third-parties offer bundled deals.
“The objective here is to be an ecosystem player not just media,” he told me in a phone interview. “Media was our first foray but we realized that, as the company grows, challenges evolve. Our database and marketplace come together to serve the greater community — pair them with events, an you get a nice online-to-offine mix.”
“A lot of the focus will go to events and online, we’re looking at being more heavily focused on the Southeast Asia market [because it is] the area we know best and work we know best,” Belani added, noting that the tech communities in China and India are.
Tech In Asia is E27’s big rival in terms of editorial and the events business. Tech In Asia has raised nearly $7 million to date,, and it has more than 70 staff working on its business, which also includes Techlist, another Crunchbase-esque analytics service for Asia which . Those two aside, other blogs that focus on tech news across Southeast Asia include and .
Original articleby Tech Crunch
Attributed to Jon Russell
Disclaimer: E27 is a portfolio company of Convergence Ventures