Southeast Asian parenting platform raises funds for expansion

Investors expect new money to boost theAsianparent’s Asia and Africa presence

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Launched in 2009, theAsianparent operates in 12 countries and regions, including Singapore, Malaysia, Indonesia, Vietnam, Hong Kong, Sri Lanka, India, Taiwan and Japan. © Reuters

DEVIANA CHUO, DealStreetAsia

SINGAPORE -- Southeast Asian parenting community platform theAsianparent on Thursday announced closing a Series C round to finance expansion into new markets and an upcoming foray into e-commerce.

The company did not disclose how much it raised, beyond saying the amount ran into double-digit millions of U.S. dollars and that the round was oversubscribed.

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