Tees raises seed funds from 500 Startups and 8Capita

Visual from Tees.co.id website

Tees, an Indonesian online marketplace retailing artwork-based merchandise, has secured an undisclosed amount of seed funding from 500 StartupsSingapore-based 8Capita and a group of angel investors. These include Chintaka Ranatunga, a venture partner in Sparkbox Ventures and Badroni Yuzirman.

The capital from this seed round will fund expansion in Southeast Asia, talent acquisition to expand the team, the expansion of the current product portfolio and the development of mobile applications for Android and iOS.

Launched in 2012 as a marketplace enabling customers and store owners to customise t-shirts, Tees later expanded to offering customisation for 20 other categories, such as posters and phone cases. Services are free, with Tees claiming to host at least 100,000 crowdsourced designs for sale on its platform.

Gary Lilardi, co-founder of Tees, stated: “We’re happy to be a part of 8Capita and 500 Startups big family, their world-class mentor network and connections are crucial in helping us achieve our growth targets post investment. The combination of local and regional investors provides us with the necessary funding and guidance to expand our services to neighbouring Southeast Asian markets.”

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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.