Fenox Venture Capital has expanded its Asian portfolio with an investment in Tech in Asia, a digital media company in Asia with a presence in Indonesia, Singapore, Vietnam, the Philippines, Thailand and China.
Fenox VC leads Tech in Asia’s Series B financing, joining existing investors East Ventures and Simile Venture Partners.
As a news portal focusing on technology startups, Tech in Asia is recognised for its fidelity and flair in news reporting. In addition to its coverage of tech happenings, Tech in Asia organises Startup Asia, a bi-annual two-day conference that inspires entrepreneurship by featuring prominent venture investors and successful startups. Its upcoming Startup Asia conference is scheduled for November 21 and 22 in Jakarta, Indonesia. Past conferences have attracted industry leaders such as Marissa Mayer, the current CEO of Yahoo! and Kakao co-CEO Sirgoo Lee. It also hosts Tech in Asia Meetups, a monthly series of grass-root sessions held in various Asian cities to foster relationships and create partnership opportunities among founders and investors.
”We’re excited to have Fenox Venture Capital on board,” says Willis Wee, chief executive and founder of Tech in Asia. “Through their global connections, experience in building Silicon Valley-styled startups, and direct operational support, I’m confident we will grow expeditiously.”
“As we worked with Tech in Asia over the last year, we find the same operational excellence that is seen in successful Silicon Valley startups in a similar space,” says Anis Uzzaman, general partner at Fenox VC. “Tech in Asia is set to be the digital media leader in the region through its current offerings and future undertakings. As for Fenox, this investment marks the first of many as part of our focus in the region.”
