Asia Digest: Chuangkit snags nearly $10m; TNL Media to close $8m

TNL Media Group

Chuangkit has bagged nearly $10 million in a Series A+ round of financing led by Kingsoft while TNL Media Group is raising $8 million in a new tranche of Series D round funding led by New York-based Palm Drive Capital. 

Chuangkit raises nearly $10m in Series A+ round 

Cloud-driven online design platform Chuangkit has bagged approximately $10 million in a Series A+ round of financing led by new investor Chinese office software giant Kingsoft Corporation, according to a company statement on Tuesday.

The fresh round also saw the participation of returning backer Gobi Partners China. Gobi had invested 30 million yuan ($4.3 million) in Chuangkit’s Series A+ round earlier in June 2019.  

Chuangkit will use the proceeds towards business development, product research, marketing, and copyright management. 

Chuangkit, a flagship brand of Beijing Yiyuanku Technology Co., Ltd, develops creative tools and materials for content curation. It supports individuals and enterprises to design digital content for marketing management. It claims to have served over 10,000 companies.

The company’s previous investors include internet-focused Atom Ventures, Telescope Investment, Zhongshan Ventures and Changrun Jinkong Investment Management. 

Taipei-based TNL Media to raise $8m from Palm Drive Capital

Taiwan’s leading news media platform TNL Media Group, formerly known as The News Lens, is raising $8 million in a new tranche of Series D round funding led by New York-based venture capital and growth equity firm Palm Drive Capital, per a company statement. 

Taipei-headquartered TNL Media, which has an office in Hong Kong, is an independent news media group covering the regions of Southeast Asia and Greater China. The bilingual language platform provides English and Chinese editions.

Earlier in March 2020, TNL Media acquired adtech startup AD2iction to consolidate its digital content for displays and mobile devices. 

The fresh proceeds will be used to spruce up its content and expanding its presence.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.