Singapore-based e27, a technology-focused blog has raised an undisclosed amount in a new round of funding. The funding amount and investors have been left undisclosed.
Earlier this year, the startup had laid off half of its employees in a bid to cut costs. However, it has begun its hiring process again according to this job posting.
Founded in 2006 by Mohan Belani and Thaddeus Jit Siong Koh, e27 runs a portal that reports news on startups, funding, entrepreneur profiles, product reviews, and resource articles to level-up startups. Besides, it also has its flagship two-day Echelon conference.
We have reached out to Mohan, his response is awaited.
In July 2015, e27 raised about $650K in funding and before that, in 2013, the company had raised $615k funding from 8capita Partners, Ardent Capital, B Dash Ventures, and Pinehurst Advisors.
The development was reported by Tech in Asia.
Updated 1: 26/07/2016
In an announcement made today, e27 has confirmed that it has raised $2.2 Mn in Series A round of funding. The investors which participated in the round include TechTemple Group (China), Linear Venture (China), Convergence Ventures (Indonesia), Venturecraft (Singapore), Spacemob (Singapore).
As per the company, TechTemple’s investment in e27 brings incredible opportunities in connecting Chinese and SEA ecosystems as part of growing TechTemple’s global business. “China’s rapid development of the internet industry brings important lessons and experience to Southeast Asian entrepreneurs, as well as opportunities for cross-border investment and collaboration. However localisation is also very important hence investing in a platform such as e27 that brings a wealth of local knowledge and connections will be extremely valuable for all stages of entrepreneurs and investors from China.” said Jerry Wang, Founder of TechTemple.
With this group of investors from Singapore, China, Indonesia and Malaysia, e27 is now set to leverage these strategic connections to benefit entrepreneurs across SEA with broadened knowledge resources and an expanded database of funding opportunities – whether it is to enter new markets, receive funding, or explore strategic partnerships with China.
“For the past 12 months, e27 has been investing our time and skills into building on top of the foundations of our online platform. This includes our digital jobs database, marketplace and startup and investor database and matching services,” shares Belani. “These products are free and open to use by the community – in line with the company’s vision of empowering entrepreneurs by developing relevant products and services to serve the needs of startups and of the technology industry and market at large.”
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