Kuan Hsu, Synexia Ventures
NTT DOCOMO Ventures and NTT Finance Corporation today announced at the NTT Startup Challenge Pitch Day event in Jakarta that they will jointly establish a new investment vehicle, Synexia Ventures.
The investment vehicle will be established on December 15 and aims to strengthen collaboration with promising startups in Southeast Asia (SEA). For Japanese companies, the region is increasingly transforming from a manufacturing base into a hub for innovation creation.
Synexia Ventures will target startups in countries such as Singapore, Indonesia, Malaysia, and the Philippines, focusing on fields that are NTT Group’s strategic priorities: AI, IoT, smart cities, robotics, and drones.
Based in Singapore, it will be jointly managed by Kuan Hsu (General Partner of KK Fund), along with NDV and NTT Finance. Kuan Hsu will lead on-the-ground operations in SEA, leveraging his deep VC experience in the region while working closely with NDV and NTT Finance’s investment teams.
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Since 2017, NTT Group has promoted collaboration with SEA startups through the NTT Com Startup Challenge, organised by NTT DOCOMO BUSINESS. In response to the strong momentum for new business creation among NTT Group companies in Southeast Asia, the programme was expanded in 2024 to encompass the entire NTT Group and evolved into the NTT Startup Challenge.
On November 11, at the NTT Startup Challenge Pitch Day in Jakarta, approximately 1,200 startups from across Asia interested in collaborating with the NTT Group have applied. Ten startups selected from among the applicants will present their businesses and collaboration proposals with NTT Group.
NDV and NTT Finance will promote the NTT Group’s business development in SEA and the creation of new value through open innovation by leveraging this new investment vehicle.
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Image Credit: NTT Group
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