China's Mailman to set up early-stage Asia fund
Mailman, a social media and digital marketing company based in China, is a forming a start-up fund that will provide Series A funding rounds.
The firm said it decided to create the vehicle in response to a lack of Series A funding in the region of $500,000 to $2 million. Mailman will plug this gap by offering a combination of seed funding and mentorship to portfolio companies, as well helping them scale-up their businesses.
It aims to invest in three Asian start-ups in 2013, leveraging its experience and industry connections to support growth.
"Mailman Ventures is aimed to support young entrepreneurs with disruptive ideas, by injecting cash, plugging holes in strategy, positioning and branding - and most importantly kick starting their road to success," said Andrew Collins, CEO of the Mailman Group, in a statement.
Established in 2000, Mailman has clients from around the world, including American Airlines and three English Premier League football clubs. It recently launched Fanstang, a platform that connects international celebrities to their Chinese fan base.
More on Venture
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.