US$335m in new venture funds launched for S-EA tech startups
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SOUTH-EAST Asia's startup ecosystem is coming into its own. In just the past week, three new venture funds totalling US$335 million were launched for the region's startups, The Business Times has learnt.
About two thirds or US$200 million will be dedicated to business-to-business (B2B) startups, a breed of companies that is increasingly catching the fancy of investors here. B2B startups, unlike business-to-consumer (B2C) startups, are said to begin to monetise their products early in their evolution and enjoy predictable cash flows, making them an enticing investment.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
