This week witnessed a surge in venture capital investments in Southeast Asian tech startups, reflecting the region’s growing prominence in the global tech landscape. Notable companies include Thrixen, Higala, and Fano Labs.
Below are the brief profiles of the investors/companies that invested in regional startups this week.
22Health Ventures
It is an early-stage healthtech investment firm deeply embedded in Singapore, providing accelerated access to the US. It invests in entrepreneurs and technologies changing the future of health across three themes: empowering health decisions, enabling emerging treatments, and supporting healthy ageing.
This week, 22Health invested in Thrixen, a Singapore-based company that is developing a diagnostics platform for infectious diseases.
Talino Venture Studios
Talino Venture Studios is a global venture studio for inclusive fintech. Born in the intersection of Silicon Valley and Southeast Asia, Talino aims to bridge financial inclusion for over 1.7 billion people around the world. It uses the venture studio model to build repeatable, scalable, and profitable fintechs that empower underserved, underrepresented groups around the world with financial access and mobility.
This week, Talino launched and invested in the inclusive instant payment system Higala.
Cercano Management Asia
Founded in 2022, Cercano Management is a private investment fund based in the US. The firm primarily invests in healthcare, software, media, data intelligence, mobile networks, semiconductors, alternative energy sectors, infrastructure, energy and natural resources, education, consumer, financial services, telecom and communications sectors, information services, and life sciences.
Northstar Ventures
It works with mission-based founders targeting high-growth markets in healthy ageing, the future of work and learning, the future of place, and climate tech.
Touchstone Partners
Founded in 2020, Touchstone Partners is a venture capital firm headquartered in Ho Chi Minh, Vietnam. It seeks to invest in early-stage companies operating in the fintech, health technology, educational technology, supply chain and deep-technology sectors.
East Ventures
East Ventures is a sector-agnostic venture capital firm. Founded in 2009, East Ventures has transformed into a holistic platform that provides multi-stage investment, from seed to growth-stage investments, for over 300 tech companies across Southeast Asia. It also has business operations in Japan.
Saison Capital
It is the Japanese firm Credit Saison’s VC arm. Saison Capital invests in pre-seed to Series B companies globally, with a focus on Southeast Asia and India. Its portfolio covers all verticals, including but not limited to fintech, e-commerce and Web3.
This week, Cercano, Northstar, Touchstone, East Ventures, and Saison Capital invested in Vietnamese edutech firm Prep.
Openspace Ventures
Openspace provides venture capital funding to back companies in Southeast Asia. By focusing on the fundamentals and with a wide-scale operations team, it actively partners with its 45+ portfolio companies to help build viable and responsible B2B and B2C businesses. It is co-headquartered in Singapore and Jakarta, with active offices in Bangkok, Manila, and Ho Chi Minh City.
This week, it invested in Fano Labs.
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