Southeast Asia saw several emerging home-grown startups raising relatively smaller rounds of investments. In addition to domestic VCs, several foreign investors — from Japan to Europe — also came to invest.
Below is the list of investors that invested in the region’s startups this week.
Iterative
Singapore-based venture capital firm, Iterative, runs a Y Combinator-style accelerator programme. It launched its first fund in 2021, which has invested in over 65 companies in five cohorts.
500 Global
With US$2.5 billion in assets under management, 500 invests in founders building fast-growing technology companies. It invests far and wide across sectors and geographies, including 45+ companies valued at US$1 billion+ and 150+ companies valued at more than US$100 million.
Persol Venture Partners
The corporate VC arm of the Japanese HR management group Persol. Launched in 2015, Persol Venture Partners seeks to invest in the HR-tech sector.
This week, Persol co-invested in the US$2 million Series A round of NodeFlair, a Singapore-based career advancement platform for tech talents, along with Iterative (lead) and 500 Global.
Viet Capital Ventures
Established in 2018, Viet Capital Ventures (VCV) makes investments through Viet Capital Asset Management’s licensed portfolio management service. VCV invests in early- and growth-stage firms in Vietnam, emphasising companies with IT-based operations that already have revenue.
Resolution Ventures
It invests in seed to Series A fintech companies in Southeast Asia. It works with founders willing to tackle audacious goals on a global playing field. It looks for solutions that solve immediate problems around financial inclusion and the financial infrastructure in Southeast Asia that could be exported to the rest of the world.
VCV, Resolution Ventures, and other investors funded Vietnamese financial education startup Stag this week.
Ethos Fund
It invests in pre-seed-stage startups in Vietnam and the US. Ethos’s mission is to strengthen and leverage the connections between Vietnam and the US. In addition, it has established venture studios and programmes like Venture Protégé and Venture Fellowship that will provide a comprehensive support system for startups
SGInnovate
SGInnovate builds and scales deep-tech startups into high-potential companies with global impact. It focuses on adding tangible value to the deeptech startup ecosystem in two key areas: human capital development and deployment of investment capital. With the support of its partners and co-investors, it backs entrepreneurial scientists through equity-based investments, access to talent and business-building advice. Its focus areas are advanced manufacturing, agrifood, healthcare and biomedical sciences and sustainability.
ComfortDelGro Ventures
ComfortDelGro Ventures is the corporate VC arm of Singapore-based ComfortDelGro. It invests in transport-related technology startups, such as on-demand bus technology, fleet management, autonomous vehicles, fleet electrification, automotive engineering, and fleet management systems.
Shift4Good
Shift4Good is a VC fund manager investing in the decarbonisation of the transportation sector
With teams based in Paris and Singapore, it mostly focuses on European and Southeast Asian opportunities, particularly in the mobility sector.
It can deploy between €0.5 million and €20 million per company. It mostly invests in Series A and Series B rounds and can allocate 10 per cent of its funds to pre-Series A rounds.
Paragon Ventures
Paragon Ventures is an experienced merger and acquisition firm with long and deep experience in the healthcare sector. It has owned, operated and sold its healthcare businesses. It has represented and closed over 300 healthcare M&A transactions representing over US$1.4 billion in healthcare revenues.
ComfortDelGro Ventures, Shift4Good, and Paragon Ventures invested in NEU Battery Materials, a Singapore-based lithium-ion battery recycling startup, this week.
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