In brief: SparkLabs Taipei closes $4.25m for its first fund, adds Jeremy Lin as advisor

SparkLabs Taipei, part of SparkLabs Group, the global network of accelerator programs and funds that works with emerging startup ecosystems, has raised US$4.25 million in an initial close led by CTBC group.

SparkLabs Taipei’s ultimate goal for the fund is to raise US$10 million. It has also added Atlanta Hawks player Jeremy Lin, who sparked “Linsanity” as the first player of Chinese- or Taiwanese-descent in the NBA, to its board of advisors.

Source: TechCrunch