DFR Asia Ltd, Asia’s first Digital Media Venture Studio, today announced that the company has closed its first round of outside equity financing. Investors included leading Asian network services and technology firm Internet Initiative Japan Inc., entertainment industry leader On the Line, and other backers. Terms of the financing were not disclosed.

The funding will be used to expand DFR’s venture studio model for digital media in Asia. Under the globally emerging, post-incubator studio model for launching and growing new startup ventures, firms such as DFR who are expert in the startup lifecycle conceive, build, and assume ownership and execution responsibility for new ventures from inception. The studio approach stands in contrast to traditional incubators and accelerators, which typically support a much larger number of startup ventures with some combination of group training and “boot camp” programs, shared back office services, and limited initial seed financing for small minority equity stakes.

DFR is the first venture studio in the world to focus exclusively on digital media, and the first to be established in and for Asia—home to several of the world’s most dynamic and fastest growing digital media markets.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.