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Tech in Asia raises US$4m in latest financing round

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Homegrown technology platform Tech in Asia said on Monday it has raised US$4 million in funding to expand the team and build more community-centric features for the Asia tech ecosystem.

HOMEGROWN technology platform Tech in Asia said on Monday it has raised US$4 million in funding to expand the team and build more community-centric features for the Asia tech ecosystem.

This latest round was led by the SB ISAT Fund, which counts SoftBank and Indosat as key partners, with new participation from Facebook co-founder Eduardo Saverin, global venture-capital firm Walden International, Seoul-based private investment group Marvelstone, Calebasses-headquartered m&s Partners, and Andrew James Solimine, co-founder of cloud-based code editor Nitrous.

Existing investors East Ventures, Fenox Venture Capital and Simile Venture Partners also participated in this round, said Tech in Asia in a statement.

"We are excited to partner with Willis (Wee, chief executive officer of Tech in Asia) and the Tech in Asia team as they solidify their position as Asia's leading source for technology-related content and pursue other strategies to bolster Asia's technology community," says Teddy Himler, vice-president of the SB ISAT Fund.

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Earlier this year, Tech in Asia underwent and graduated from the Winter 2015 batch of Y Combinator's accelerator programme, during which it premiered its first version of Techlist, believed to be Asia's first platform for investors and founders to connect.

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