Lessons I Learned While Raising Funding: A Look into Shopline’s New US$1.2 Million Seed Round by Co-Founder Raymond Yip

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Today Shopline announced closing it’s seed round of US$1.2 million! Congrats Team Shopline – Raymond, Tony and Fiona! Some more details include:

  • Completed the 500 Startups Accelerator program in San Franciscoseveral months ago (Batch 10).
  • funding will allow Shopline to positionitself as the go-to online shop builder in Asia, beginning with Hong Kong and Taiwan.
  • looking to expandinto select markets in SEA later this year.
  • Investors include 500 Startups, Ardent Capital – founding investor of aCommerce, SXE Ventures –an early stage fund by Danny Yeung, co-founder of Groupon HK, East Ventures and COENT Venture Partners.

We asked Raymond Yip, co-founder and CEO to expand on what he learned raising this money to share with Hong Kong startups.

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Hong Kong DIY eCommerce Startup ‘Shopline’ Joins Silicon Valley-Based Accelerator 500 Startups

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The hits keep on rolling in this week for Hong Kong startups! Our own Shopline has been accepted into 500 Startups’ Batch 10.

The global accelerator program has invested in a number of successful startups to date, such as MakerBot, Twilio and our very own 9GAG. Startups that go through the four-month program not only have access to 500’s massive network of 1,000 founders, 200 startups and staff, but will also receive seed funding of US$100,000.

Having already swapped the Hong Kong heat for cooler weather in San Francisco, we had a chat with co-founder and CEO Raymond Yip, about the exciting news.

After impressing Rui Ma, venture partner of 500 Startups Beijing, with a great pitch, Shopline was selected to join the Bay Area accelerator’s tenth cohort. Despite having called NYC his home for many years, Raymond said that the Shopline team no plans to relocate to the US anytime soon.

Even though they will have facetime with 500’s founding partner and resident Sith Lord Dave McClure, lets hope that none of his horrible Powerpoint slide design rubs off on Shopline’s keen design sensibilities when they return.

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5 Questions With Raymond Yip, Co-Founder and CEO of Shopline

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After many years of living in New York City, Shopline co-founder and CEO Raymond Yip now calls Hong Kong his home. Prior to starting up Shopline, Raymond managed the engineering and delivery of software products for large corporate teams in New York City and Hong Kong.

Aside from enterprise technology, Raymond has created and launched a multitude of products including e-commerce sites, a web/mobile social network and Facebook applications in the past. As a web and mobile user interface designer that have helped client businesses launch their presence on the web, Raymond was also the UI designer on the winning team at the April 2013 edition of Startup Weekend Hong Kong for Best User Experience.

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