Fenox Venture Capital Invests in Southeast Asian Technology Media Startup Tech in Asia
SAN JOSE, Calif., August 27, 2013-- Fenox Venture Capital announces the expansion of its Asian portfolio with its investment into Tech in Asia, a leading 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 recognized for its fidelity and flair in news reporting. In addition to its coverage of tech happenings, Tech in Asia organizes Startup Asia, a bi-annual 2-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. As a further service to the tech and startup community, the media startup hosts Tech in Asia Meetups, a monthly series of grassroot 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,” said Willis Wee, CEO 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,” said 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.”
This investment by Fenox follows a recent trend of Silicon Valley VCs recognizing the potential of returns from investing in startups from emerging markets like the Southeast Asia. The inflow of capital and expertise in growing startups is regarded as greatly beneficial to the regional ecosystem.
About Fenox Venture Capital
Fenox Venture Capital is a global venture investor, headquartered in Silicon Valley and focused on providing early and strategic funding to technology companies in North America and Asia. Fenox VC invests globally in the consumer Internet, new media and software technology sectors. Its recent portfolio comprises Lark, ShareThis, DJZ, Dream Link Entertainment (DLE), Bottlenose and Socialize.
About Tech in Asia
Tech in Asia is a digital media startup with team members in key cities across Asia. As a crew of journalists and bloggers bound by a passion for technology news reporting, their goal is to create the best experience for readers interested in Asia-focused tech news by bridging language divides and sharing the exciting tech and startup scene in Asia with the world.
Fenox Venture Capital
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Tech In Asia
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