SG’s theAsianparent Closes Series C Round with An Investment from SCB 10X

SG’s theAsianparent Closes Series C Round with An Investment from SCB 10X

theAsianparent, one of Southeast Asia’s leading community and content platforms for mums and parents, has announced the final close of its ongoing Series C round, with SCB 10X, a holding company under Thailand’s Siam Commercial Bank (SCB), joining it as a strategic investor.

This deal follows an “8-figure US dollars” fundraise by the Singapore-headquartered company in an oversubscribed Series C round, which was started in July last year. Fosun International led the round, with participation from JD.com, Vertex Ventures, ATM Capital, Redbadge Pacific, Mirae Asset Financial Group and NAVER Corporation.

As part of the fresh investment, SCB 10X and SCB will work together with theAsianparent to improve the financial literacy amongst young families in Thailand.

This includes but is not limited to the provision of curated financial information and analysis that will assist parents to make informed decisions concerning household financial matters, such as children education and rainy-day funds for emergencies.

theAsianparent began as parenting blog and has since evolved into a multinational tech company and digital publishing house that focuses on content and community platforms for Asian women.

The firm aims to help parents have healthy pregnancies and raise healthy children and families.

Currently, theAsianparent reaches over 30 million users per month on its website as well as app, and is available in 11 languages in 13 countries, including Thailand, the Philippines, Malaysia, Indonesia, Vietnam, Hong Kong, Sri Lanka, India, Taiwan, Japan and Nigeria.

It also publishes Asian Money Guide (a personal finance and career portal for women), HerStyleAsia (delivering cutting-edge content on the Asian entertainment, style, and culture scenes), and Nonilo (a food, home, and DIY lifestyle hub).

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