Expando® Raises HK$1M Led by HK Tech 300, Accelerating Vision for AI-Powered Referral SaaS Platform.
HONG KONG - 31 May 2024 - Expando®, the AI-driven referral management platform for APAC, has announced its induction into the HK Tech 300 Angel Fund, raising HK$1 million in funding.
The HK Tech 300 Angel Fund is a large-scale flagship innovation and entrepreneurship programme in Hong Kong focused on identifying and accelerating the growth of disruptive technology companies. By selecting Expando into the programme, HK Tech 300’s respected board of directors and team of advisors recognize the immense potential in Expando®’s vision to transform the way APAC businesses acquire new B2B clients through referral partnerships.
"Joining HK Tech 300 is a major milestone that will supercharge our mission to help businesses tap into the power of referrals using AI," said Xavier Roso, Co-Founder and CEO of Expando®. "With their investment and wealth of expertise, we can accelerate our SaaS product development, expand our top-tier talent pool, and scale our sales and marketing efforts. This partnership validates our vision and provides an accelerated growth trajectory."
Expando® is building Asia-Pacific’s largest partner ecosystem, a centralised platform where sales and partnership managers in B2B SaaS companies connect with trusted industry experts who can endorse their disruptive products to decision-makers in APAC. This disruptive Go-To-Market strategy is replacing inbound and outbound strategies, and through it, companies have seen their deal size increased by 43% and their sales velocity increased by 3.8x.
Since 2021, Expando® has supported 65+ B2B technology companies through a community of 65 industry experts and its global team is backed by Hong Kong Science and Technology Parks Corporation. With a team of 10 members from 6+ countries, Expando® is on a journey to change the way technology companies go to market.
The new funding from HK Tech 300 will allow Expando to rapidly grow its team, refine its AI-driven product offerings, and expand into new market verticals primed to benefit from its AI-powered recommendations for referral partners. The company plans to harness this investment to cement itself as APAC’s leading AI-powered referral SaaS solution.
To learn more about Expando®’s referral partner solutions for market entry and business development, visit www.expando.ai or connect with the team via hello@expando.ai.
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About Expando®: Expando® is building Asia-Pacific’s largest partner ecosystem, a centralised platform where sales and channel managers in B2B SaaS companies can connect with trusted industry experts who can endorse their disruptive products to decision-makers in APAC. Founded in 2021 in Hong Kong, Expando® is an award-winning startup backed by CityU's HK Tech 300 and Hong Kong Science and Technology Parks (HKSTP). Expando is an AI-powered referral software that connects B2B SaaS companies with referral partners in APAC to build a predictable referral pipeline.
About HK Tech 300: Through the large-scale innovation program HK Tech 300, CityU enables aspiring entrepreneurs among CityU students, alumni, researchers, and external IP users to ignite their entrepreneurship journey. The City University of Hong Kong (CityU) ranks among the world's Top 50 universities and the world's top 5 Most International Universities.