Temasek-backed Xora Innovation views commercial success as key for its portfolio of deep tech startups
The VC aims to grow Singapore-born ventures to the point where they have large revenues with good unit economics, and headroom to expand
Add BT as a preferred source
TEMASEK-BACKED venture capital (VC) fund Xora Innovation does not consider valuation to be the key indicator of success for its portfolio of deep tech startups.
Instead, it is about the startup gaining traction with customers and achieving commercial success, said Phil Inagaki, chief investment officer of Xora.
To be specific, the VC aims to grow Singapore-born deep tech startups to the point where they have large revenues with good unit economics, and headroom to expand.
TRENDING NOW
Firm loses wrongful dismissal case despite following termination clause
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ
Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation
