Broad Venture Capital: the investee company Respond.io completed round A financing of US $7 million
Venture capital firm Beyond Ventures has announced that its portfolio company Respond.io has completed a $7 million round of financing. The financing round is led by Headline Asia with the participation of AltaIR Capital, Smart Partnership Capital, Sterling Oak Group and Calendula Ventures.
Respond.io, a social and conversational business SaaS platform based in Malaysia, has increased its revenue 25-fold since its last round of financing and will use the money to continue to expand into large enterprises from its Asian headquarters to the Middle East, Europe and Latin America by expanding its extensive product integration capabilities.
Hexing Group, far East Development (00035.HK), 00385.HK Group, Chinachem Group and other Hong Kong business groups, as well as leading private equity management companies Hony Investment, Base Exchange Capital and local VC company eGarden. Its portfolio includes 00020.HK, 688213.SH, Prenetics (PRE.US) and 02347.HK, while HKTaxi was acquired by Uber in 2021. (ca/u)
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