<article>Southeast Asian information and service platform 7.5 Degree has secured an undisclosed amount of seed funding from early-stage VC firm <a href="https://www.dealstreetasia.com/tag/East-Ventures/">East Ventures</a>, the company said in a statement.</article>

Southeast Asian information and service platform 7.5 Degree has secured an undisclosed amount of seed funding from early-stage VC firm <a href="https://www.dealstreetasia.com/tag/East-Ventures/">East Ventures</a>, the company said in a statement.
The investment, the company said, will help it bring in more local journalists onboard, especially from Indonesia, Vietnam, and Singapore.
Established in Singapore in 2017, 7.5 Degree caters to both Chinese and Southeast Asian tech players. It offers over 350 Chinese language articles, covering the Internet economy in Southeast Asia, fintech and logistics sectors in Indonesia and the e-commerce sector in the Thai and Vietnamese markets.
The company says it aims to bridge the two regions by serving more than just news and market insights. In December 2018, 7.5 Degree launched Invmall, a new service intended to promote the bilateral interactions between Southeast Asian and Chinese tech players.
The platform provides “Link-up” service by putting startups in Southeast Asia in touch with investors in China (and vice versa) via email or WhatsApp. It also allows users to find all key information about their potential partners.
“There are very few service providers catering to the fundraising needs of local early-stage startups. If we can help the entrepreneurs to secure early funding from institutional investors, either from China or from Southeast Asia, it will allow them a greater chance to grow and thrive”, says 7.5 Degree co-founder and CEO Li Yufu.
With the investment, 7.5 Degree becomes the latest media startup in East Ventures&#8217; portfolio. The VC firm has previously backed companies including Tech In Asia and IDN Media.
The investment in 7.5 Degree is East Ventures&#8217; second announced deal in the space of a week. On Tuesday, the Indonesian investor announced an investment in the Series A round of Indonesia-based stock investing app Stockbit.
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The investment, the company said, will help it bring in more local journalists onboard, especially from Indonesia, Vietnam, and Singapore.

East Ventures backs seed round for Singapore-based media startup 7.5 Degree

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East Ventures backs seed round for Singapore-based media startup 7.5 Degree

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