Chinese media startup TechNode Global raises $1m in Kairous-led round

Asian tech media startup TechNode Global said it has raised US$1 million in a seed round led by China- and Southeast Asia-focused Kairous Capital.

Early-stage investor Nutty Capital and corporate VC fund SPH Ventures also participated in the round, according to a statement.

Photo credit: TechNode Global

The company, which was launched by the founder and CEO of Chinese bilingual tech media TechNode, is building a tech community platform that aims to provide fundraising and deal flow support, organize regional events, and facilitate corporate-startup partnerships. It counts companies such as , Huawei, Alibaba Cloud, and NTUC Income among its clients.

TechNode Global said it plans to use the new funds to help drive its international expansion. Moving forward, the company aims to cover more stories, deliver more events, and build a comprehensive cross-border business across the region.

The company currently has an office in Singapore, with plans to set up an office in Malaysia soon. It claims to have partnered with regional government agencies, notable community builders, and corporations such as National Research Foundation Singapore, Enterprise Singapore, Malaysia Digital Economy Corporation, Sunway Group, and True Digital Park.

“Asia is the next promising technology innovation center and market,” said the company’s founder Gang Lu. “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.”