Russian VC Simile Venture leads second financing round in Asian media startup TechinAsia
Asian online technology media startup, TechinAsia, announced today the completion of their second round of funding led by Simile Venture.By Joash Wee 22 Jan, 2013
TechinAsia, the online technology media startup based in Asia, announced today that it has closed its second round of financing led by Russian super angel seed fund Simile Venture. This second round also saw the participation of East Ventures, an early stage fund operating in Indonesia and Singapore which provided TechinAsia with its seed funding.
Although the investment amount is undisclosed, e27’s writer Jacky Yap spoke to Simile Venture in an earlier interview where they mentioned that the fund’s investments are typically up to US$500,000 per company. TechinAsia is Simile Venture’s second Asian portfolio company, following their investment in health portal DocDoc.
TechinAsia focuses on technology and startup news across Asia with 11 team members based in Japan, China, Vietnam, Singapore, Indonesia and the US. The media startup also runs its own conference, Startup Asia.
According to General Partner at Simile Venture Partners, Tatiana Kim, in the press release, “ Southeast Asia is one of the world’s most exciting regions today, fast evolving for tech startups. Access to trusted tech news and information and quality industry events are very important for the ecosystem’s development. TechinAsia has an outstanding team and is already playing a major role in this space. We are excited to partner with them to assist in its continued success and to build a highly impactful company.”