Tiang Lim Foo
Next Billion Ventures (NBV), a US-based VC firm focused on global emerging markets, announced today it has appointed Tiang Lim Foo as its Venture Partner for the Southeast Asia region.
Lim Foo has over a decade of experience in the venture investment industry within the region. He currently serves as Partner at Singapore-based early-stage VC firm SeedPlus and his portfolio includes early investments in companies including Qoala, Rukita, Homage and CardUp.
He will focus his efforts on identifying the next generation of high-growth, high-impact startups in Indonesia, Vietnam, the Philippines and Singapore.
Also Read: How did emerging markets in Southeast Asia fare in 2020?
“We invest in geographies with sizeable populations who are now meaningfully entering the digital economy. As a multi-market investor, we differentiate by picking the most compelling, ubiquitous problems that technology is addressing across emerging markets while recognising the localisation that is necessary for these businesses to succeed,” said Ken Toyoda, Co-founder and Managing Partner at NBV.
NBV’s current portfolio in Southeast Asia includes Vietnamese proptech startup Propzy, Philippine-based Advance (fintech) and Sprout (HR tech), and Indonesia’s GajiGesa (financial wellness app). This is complemented by similar investments in Latin America and the Middle East.
Co-founded in 2018 by Toyoda, Ruzgar Barisik and Christopher Schroeder, the Washington-based VC firm invests in tech startups that serve the “next billion digital consumers and small businesses” in emerging markets across Southeast Asia, Latin America and the MENA region.
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Image Credit: Next Billion Ventures
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