Singapore-based media company E27 has closed a SG$3 million US$2.2 million Series A round as it looks to redevelop its tech-focused news website and events business following some tough times.
The company previously raised seed rounds, the most recent being a $650,000 raise last summer, and there had been talk of new financing for the past month or so.
Now the company has confirmed its raise from a bevy of new investors each of whom is involved in early-stage tech.
The round was led by China-based TechTemple Group with participation from Linear Venture also China , Indonesia s Convergence Ventures and Singapore-based duo Venturecraft and venture builder Spacemob.
E27 is best known in Southeast Asia for its news site — e27.co — and its long-running Echelon events business.
First founded in 2007, it has endured a rough past year which included making layoffs and general restructuring.