Social media and digital advertising company Mailman Group is planning to fill a perceived gap in Asian Series A financing through its new startup fund.
The business said it plans to target $500,000 to $2m-sized investments in new companies, and hopes to invest in three by the end of the year.
Mailman plans to use a $1m investment pool to build a portfolio of ten companies, according to VentureBeat, which said the company would also pass on experience and its extensive contacts network to young businesses.
Andrew Collins said, “Mailman Ventures is aimed to support young entrepreneurs with disruptive ideas, by injecting cash, plugging holes in strategy, positioning and branding – and most importantly kick starting their road to success”.
Mailman has spent 13 years working in media, branding and digital operations, and has partnered with companies including the Manchester United and Liverpool football clubs, American Airlines and Saxo Bank.
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