Singapore-based tech startup media platform Tech in Asia (TiA) has secured US$4 million in new funding.
TiA will use the investment to build more relevant features for its community. The company is also looking to expand its team in the region, said an official statement.
The round also saw participation from Facebook Co-founder and Singapore resident Eduardo Saverin, Walden International, Marvelstone, m&s Partners, and Andrew James Solimine, Co-founder of Nitrous.
Existing investors East Ventures, Fenox Venture Capital and Simile Venture Partners also participated.
Speaking to e27, Terrence Lee, TiA’s Managing Editor said, “Mere reporting is dead. We want to move into producing more insightful content, beyond just reporting the facts. The editorial team will focus on adding context and commentary to help people make sense of tech trends in Asia.”
TiA, founded in 2011, recently revamped its platform to a more ‘Reddit-like’ model, creating a more community-focussed approach to media and content.
“We are humbled to have found a league of distinguished investors who believe in the value we want to bring to the ecosystem,” said Willis Wee, Founder and CEO, Tech in Asia. “This investment will be used to evolve Tech in Asia’s businesses so that we can better serve the needs of our community,” he added.
Earlier this year, Tech in Asia graduated from the Winter 2015 batch of Y Combinator’s highly acclaimed accelerator programme, during which it premiered its first version of Techlist, a platform to connect startups and investors.