Dell has made a strategic investment in local Internet incubator Techpacific.com, which will provide hardware and support to the company’s incubator center in exchange for a 2 percent stake.
The investment will give Dell a seat on the company’s advisory board and allow the computer distributor to be involved in Techpacific.com’s e-commerce enabling service for SMEs.
“We expect that our equity stake in Techpacific.com and the subsequent relationships we form with its investee companies will help enhance and expand Dell’s own offerings,” said Goran Malm, president – asia pacific and senior vice president of Dell.
The investment by Dell marks the end of the B2B incubator’s third round of financing. Other strategic partners in the Techpacific.com include Softbank Fund, with a 7.5 percent stake and Draper Fisher Jurvetson, the Silicon Valley venture capitalist.
“This strategic investment from Dell furthers our strategy of seeking partners with world class technology and offers Asian tech ventures access to value-adding industry partners,” said Johnny Chan, chief executive officer of Techpacific.com.
Established in 1998, Techpacific.com plans to announce details of its IPO on the GEM board this Wednesday.
