HONG KONG 7 June 2011 PCH International, a global supply chain solutions company and a leader in the accessories market for eReaders, tablets and smartphones, has secured a total of US$30 million in a new round of venture capital funding. Two new investors include Northbrooks Investments (an indirect wholly owned subsidiary of Singapore-based Temasek Holdings), J. Christopher Burch (a US-based venture capitalist and entrepreneur), and existing investors Norwest Venture Partners, Triangle Peak Partners, Cross Creek Capital, and Fung Capital also participated in this round.
“We are delighted to announce this latest round of funding from prestigious investors, which comes at an exciting time of growth and development for our company,” said PCH CEO Liam Casey. “We will focus on enhancing our service offering for existing clients, as well as taking advantage of new opportunities in Asia and Europe. The capital will be used to support these opportunities and ensure even more robust growth in the future.”
Northbrooks Investments is an indirect wholly owned subsidiary of Temasek Holdings.
Temasek Holdings is an Asia investment company headquartered in Singapore.
Supported by 12 affiliates and offices in Asia and Latin America, Temasek owns a diversified S$186 billion (US$133 billion) portfolio as at 31 March 2010, concentrated principally in Singapore, Asia and the growth markets.
Temasek's investment themes centre on Transforming Economies, Growing Middle Income Populations, Deepening Comparative Advantages and Emerging Champions.
Its portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; life sciences, consumer & real estate; energy & resources. Guided by an independent board, Temasek operates autonomously on commercial principles to create and deliver sustainable long-term value for its stakeholders. Total shareholder return for Temasek since its inception in 1974 has been a healthy 17% compounded annually. It has a corporate credit rating of AAA/Aaa by rating agencies Standard & Poor's and Moody's respectively.
J. Christopher Burch is a venture capitalist and an entrepreneur. Mr. Burch has invested in a variety of businesses spanning a wide range of industries and is currently actively engaged in venture capital investments through his private company, J. Christopher Capital LLC. Mr. Burch is the co-founder of the New York based women's fashion label Tory Burch, and he is currently the co-chairperson of the board of directors for Tory Burch LLC. Mr. Burch has provided initial capital for and has made direct venture investments in several now successful brands, including: Aliph Jawbone wireless accessories, Voss (mineral water), Color Kinetics, CodFarmers AS, and Eastern Alliance Insurance Company
PCH International creates, develops and delivers the world's best technology products for the world's best brands, focusing on the accessories market for eReaders, smartphones and tablets. With more than 1,000 employees spanning four continents, we offer a unique understanding of China, end-to-end integrated supply chain solutions, world-class design and transparent partnerships. Since 1996, we have used our entrepreneurial vision and innovation to disrupt traditional supply chain models.