Singapore’s technology-focused media company e27 has announced that it has concluded a S$760,000 ($614,000) financing round from B Dash Ventures, Pinehurst Advisors, Ardent Capital, Dan Neary, and some other undisclosed angel investors.
The additional capital will be used to expand its editorial team, its Echelon events, and also Founders Drinks Networks across Southeast Asia. e27 also noted that it was profitable in 2012, with over 20 percent revenue growth from 2011.
Mohan Belani, CEO and co-founder at e27, said in the statement:
We’re excited that our investors share our vision of being the best resource for the tech ecosystem in Southeast Asia. We’re passionate about this industry and we believe that the next generation of global companies will come from this region. We will continue to build e27 as a platform where Southeast Asia’s most innovative technology, businesses, and people can be found and celebrated.”
With the financing round concluded, B Dash Ventures’ Hiroyuki Watanabe joins Nic Lim (8capita) and founders, Mohan Belani and Thaddeus Koh as board members. e27 was founded in 2006 and has an editorial team of seven across Singapore, Malaysia, the Philippines, and Indonesia.