(L-R) Tan Wei Ye (Regional Director, Enterprise SG), Dr Alvin Ng (Operating Partner, Farquhar), and Dr Michael Hwang (CEO, Bigbang Angels)
South Korea’s early-stage accelerator-cum-VC fund Bigbang Angels has formed a global investment fund in Singapore in partnership with early-stage investor Farquhar VC.
Bigbang Angels and Farquhar VC will collaborate on investments into deeptech startups and accelerate the internationalisation efforts of early-stage ventures in South Korea and Singapore.
Farquhar will work towards enabling Bigbang Angels to establish a Singapore-based VC fund for global investments.
Bigbang Angels and Farquhar have been informally supporting each other with venture acceleration efforts in both countries. As Korean and Singapore startups are seeking to access other global markets (e.g. the MENA and the greater ASEAN regions), Dr Michael Hwang, CEO of Bigbang felt that this is a timely opportunity to synergise the capabilities of both organisations.
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According to Farquhar Chief Investment Officer Jason Su, Singapore startups such as Fairphonic and MyFirst achieved sharper product-market fit in North Asia, thanks to the nurturing efforts from the K-Startup Grand Challenge.
Farquhar looks forward to enabling the BBA Global Venture Fund to allow deeptech startups in both countries to scale to greater heights.
Established in 2012, BigBang Angels (BBA) is a Korean early-stage cross-border VC and accelerator which has invested in more than 100 startups in Artificial Intelligence, agtech, and other verticals.
Established in 2020, Farquhar is a Singapore-based VC fund that has invested in over 20 startups and achieved two exits. It is in the midst of making the first close of its second fund FVC Green Future Fund.
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