Last week witnessed a flurry of investments from Southeast Asia’s prominent venture capital firms, spotlighting the region’s vibrant startup ecosystem.
Leading the charge is Capria Ventures, based in the US, which strategically invests in tech startups across the Global South, fostering robust relationships between founders and local VC firms in tech hubs worldwide.
Meanwhile, Singapore’s ABC Impact, driven by Temasek Trust Asset Management, focuses on generating positive societal and environmental impact, aligning its investments with the UN Sustainable Development Goals.
Tin Men Capital, also based in Singapore, bolsters enterprise technology startups, while Krungsri Finnovate, the corporate venture arm of Thailand’s Bank of Ayudhya, propels startup growth through strategic partnerships. 1982 Ventures targets seed-stage fintech startups in Indonesia, Vietnam, the Philippines, and Singapore, while Golden Gate Ventures and Openspace Ventures continue to inject capital into early-stage internet startups across the region.
Based in the US, Capria invests in tech startups of the Global South. The early-stage investor helps activate strong relationships between hundreds of founders and leading local VC firms in the tech hubs of the Global South – from Sao Paulo to Lagos to Bangalore to Jakarta. Its network of investing partners collectively manages assets of over US$1 billion.
Also Read: wagely raises US$23M in equity and debt to further expand in Indonesia, Bangladesh
The average cheque size is US$1-5 million.
Capria has offices in Seattle, Bangalore, Nairobi and Washington DC.
It invested in Indonesian earned wage access startup wagely.
Headquartered in Singapore, ABC Impact is a private equity firm investing for the purpose of generating positive, measurable social or environmental impact. ABC Impact is a division of Temasek Trust Asset Management. Its founding investors are Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings, SP Group, and Sembcorp Industries.
Its investment strategy aligns with Temasek’s ABC Framework for an Active Economy, a Beautiful Society and a Clean Earth, building on the ideals of the 17 UN Sustainable Development Goals.
Key focus areas for us include financial and digital inclusion, better health and education, climate and water solutions, and sustainable food and agriculture.
The average cheque size is US$5-50 million.
It invested in UK-based Winnow last week.
Based in Singapore, Tin Men is an enterprise technology investor in Southeast Asian startups. It invests in smart cities & security, smart production & agriculture, smart transportation/logistics, enterprise productivity, and omnichannel retail enablers
The average ticket size is
It invested in Singapore-based startup Ai Palette.
It is the corporate venture arm of the Bank of Ayudhya, Thailand. Its mission is to provide strategic investment with a focus on helping startup achieve their goals through strategic partnership. With a corpus of US$100 million, it aims to enhance the ecosystem of startups located both domestically and internationally.
The average ticket size is US$1-20 million.
Startup invested: Sleek EV (Thailand)
1982 Ventures is an early-stage VC firm, with a core focus on seed-stage fintech startups in Indonesia, Vietnam, the Philippines, and Singapore.
The average ticket size is US$100K-500K
The startup it invested in is Untukmu (Indonesia).
Golden Gate Ventures is a seed fund investing in early-stage internet startups in Southeast Asia. Since 2011, the firm has invested in over 30 companies across more than seven countries in Asia. The firm invests in internet and mobile startups across many sectors, including e-commerce, payments, marketplaces, mobile applications, and SaaS platforms.
The average cheque size is US$50K to US$3 million.
The startup it invested in is Untukmu (Indonesia).
Openspace Ventures has more than US$150 million in assets under management from a range of global and regional institutional investors. It is currently deploying capital from its second fund.
Openspace Ventures makes investments in early-stage technology companies based in Southeast Asia.
Its typical investments are at Series A or B stages, where revenue traction is building and capital is required to drive rapid growth. Its existing portfolio covers B2C and B2B technologies that are accessing local, regional and global markets.
The startup it invested in is Rukita (Indonesia)
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