- TechNode Global, a pan-Asia tech media, talks about its seed investment of USD 1 million
- Led by Kairous Capital, the funding witnessed participation from SPH Ventures and Nutty Capital
- Secured funds will be deployed to power TechNode Global’s expansion plans in Asia Pacific
- TechNode aims to develop a pan-Asia tech ecosystem with media events, cross-border businesses, and corporate innovation services
A pan-Asia ch start-up dubbed TechNode Global that operates as a network for tech and innovation between China and Asia Pacific region recently obtained USD 1 million in seed round funding. Led by Kairous Capital (Hong Kong), the funding event witnessed participation from SPH Ventures (Singapore) and Nutty Capital Venture (Hong Kong).
The expenditure plan
TechNode, China’s leading innovation and entrepreneurship platform, plans to use the funds to accelerate its efforts to develop pan-Asia’s promising tech media platform. Furthermore, the start-up plans to cover more technology stories, work on comprehensive cross-border business across the region, and deliver high-quality events. The funding will also be used to expand the company’s footprint on an international level.
Introduced in early 2019 by Dr. Gang Lu (Founder and CEO of China’s foremost bilingual tech media TechNode), TechNode Global is more than just a media enterprise.
It is a company involved in developing a technology community platform that provides insightful news, organizes regional events, provides fundraising and deal flow support, and enables fundraising corporate-startup partnerships.
On the business front, the tech start-up has witnessed sizable growth since its inception. It has an elite clientele that includes businesses like Alibaba Cloud, Huawei, NTUC Income, and iFLYTEK.
The expanding cross-border commercial ties between China and the rest of Asia, specifically with Southeast Asia, pose a lucrative market opportunity as Chinese tech giants increase their expansion and investments in the region.
By spinning off from TechNode, TechNode Global deploys its focus and regional expertise to serve the Asia Pacific market better.
TechNode Global has been partnering with regional government agencies, significant community builders, and corporations such as Malaysia Digital Economy Corporation (MDEC), Enterprise Singapore, Sunway Group, and more in hosting its flagship event, ORIGIN Conference, and other community initiatives.
The experts’ take
Dr. Gang Lu, Founder & CEO, said, “Despite 2020 being a challenging year, TechNode Global is proud to have experienced a year of remarkable growth and many firsts. Having the privilege to work with regional corporate clients is a testament to our mission to be the source of insights and network for tech and innovation. Asia is the next promising technology innovation center and market. With the enormous experience and resources TechNode has in China, I believe we are at the right place, at the right time to carry out our purpose.”
“Being a regional VC investing across China and Southeast Asia, we envisage tremendous integration and collaboration opportunities in the technology and business space within the region. TechNode Global being connected with the Asia Pacific technology ecosystem coupled with the recently signed RCEP, we are positive that they will be a key player as a regional innovation enabler in years to come,” said Joseph Lee, Managing Partner at Kairous Capital, a regional venture capital specializing in cross-border investments between China and South East Asia.
“It was the best of times, it was the worst of times. Despite the serious impact from COVID, we do see a big innovation opportunity trending into a number of new technology frontiers. We believe it’s perfect timing for TechNode to expand into new markets under the strong leadership of Dr. Lu, to reshape the new rhythm in the fast-growing Southeast Asia tech playground,” said Gilbert Lam, Executive Director at Nutty Capital.
TechNode Global with support from crucial tech communities across the regions will closely operate with them to localize its services and be connected with the local tech atmosphere.
TechNode Global currently has an office in Singapore and plans to set up a new one in Malaysia soon.