US$335m in new venture funds launched for S-EA tech startups
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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.
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