Leading VC firm Gobi Partners and Petronas Ventures’s investment arm Twin Towers Ventures (TTV) have announced the collaboration to invest in the ecosystem of sustainable innovation within Southeast Asia and the Greater Bay Area in China.
The effort includes cross-sharing of deal flow and potential co-investments into promising opportunities in the region, exchange of insights and sustainable innovation best practices, as well as exploring potential co-development and commercialisation of Petronas’s in-house innovations.
“This MoU marks not only a new beginning but also a new urgency for our organisations. The forthcoming wave of environmentally conscious innovation needs to be transformational on a large scale that benefits all before time runs out,” Gobi Co-Founder and Chairperson Thomas G Tsao said.
Connecting SEA with the GBA finds its roots in the longstanding synergy between the parties. Prior to this agreement, Petronas Ventures invested in the Alibaba Entrepreneurs Fund Greater Bay Area (AEF GBA Fund).
TTV invests in early to growth-stage entrepreneurs across the Asia Pacific, the Middle East, and North Africa (MENA) regions.
Founded in 2002, Gobi has raised 17 funds, invested in over 380 startups and nurtured ten unicorns. Gobi has grown to 15 locations across key markets in Bangkok, Cairo, Dhaka, Guangzhou, Ho Chi Minh City, Hong Kong, Jakarta, Karachi, Kuala Lumpur, Lahore, Manila, Shanghai, Shenzhen, Singapore and Surabaya.
Recently, Gobi Partners announced its entry into the healthtech space in Greater Bay Area by investing in Hong Kong’s ImmunoCure.
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