Hepmil Media Group, Singapore’s leading technology-driven media company, announced a US$10 million Series A funding round led by Quest Ventures, Pavilion Capital and Bent Pixels to support its expansion plans in the region. This is also the Group’s first fund raise from institutional investors since its founding in 2015.
The Group, which owns media companies SGAG, MGAG, PGAG, as well as digital creator agency Hepmil Creators’ Network, will leverage the fund to strengthen its leadership in the digital media space by growing its content & creators’ platform and capabilities, along with expansion of its esports and gaming network. There are also plans to grow more revenue streams, particularly in developing content capabilities to serve regional commerce players in their direct-to-consumer efforts, as well as plans to expand into Thailand and Vietnam in 2022.
Jeffrey Seah, Partner, Quest Ventures said: “Digital content platforms have evolved into ecommerce marketplaces, community town squares and credit access outlets as the digital economy overhauls social compact and personal habits. With an increasingly digitalised audience in Southeast Asia, consumers and organisations seek differentiated, alternative and now-current avenues to communicate, converse and convert. We have been impressed by the Hepmil Media Group founders and leadership bench for a while, and we feel that it is well-positioned to achieve its vision to become a key player in South East Asia’s media scene through its commitment in growing its diaspora footprint and professional services capabilities.”