Expando Joins Prestigious HK Tech 300 Angel Fund to Accelerate Growth

HONG KONG—May 31, 2024—Expando, the AI-driven referral management platform for the Asia-Pacific (APAC) region, is proud to announce its selection into the HK Tech 300 Angel Fund. This induction marks a significant milestone in Expando’s mission to transform how B2B businesses acquire new clients through referral partnerships.

The HK Tech 300 Angel Fund is a premier innovation and entrepreneurship program in Hong Kong designed to identify and accelerate the growth of disruptive technology companies. By selecting Expando, the program's respected board of directors and advisors have recognized the immense potential in Expando’s vision to revolutionize business development in the region.

A New Chapter for 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 APAC’s largest partner ecosystem, a centralized platform where sales and partnership managers in B2B SaaS companies can connect with trusted industry experts. This disruptive Go-To-Market strategy replaces traditional inbound and outbound methods, helping companies increase deal size by 43% and boost sales velocity by 3.8x.

Fueling Growth and Innovation

Founded in 2021, Expando has already supported over 65 B2B technology companies and built a community of 65 industry experts. With a global team of 10 members from six different countries, Expando is backed by the Hong Kong Science and Technology Parks Corporation and is poised to change how technology companies go to market.

The new funding will allow Expando to rapidly expand its team, refine its AI-driven product offerings, and enter new market verticals. The company plans to use this investment to cement its position as APAC’s leading AI-powered referral SaaS solution.

To learn more about Expando’s referral partner solutions, visit www.expando.ai or contact the team at 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. 

Since 2021, Expando has supported 50+ 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.

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.