Eight Roads Ventures, the investment base of Fidelity International of the Financial Times, plans to fill the investment gap in Southeast Asia.
The company has funds all over the world including the United States, China, Europe and has invested nearly $ 6 billion in the past decade. The company has been actively acting recently, investing a total of $ 375 million in funds for Europe and Israel earlier this year, and Raj Dugar, an Asian partner in Singapore, left India with an office It opened.
The company announced plans to make investments of up to $ 30 million primarily in the series B, C, D transactions during growth and early growth. These controls will focus on technology start-up. , Health, consumption and financial services. The company has three investments in Southeast Asia, including the launch of Akulaku virtual credit card, Eywa Pharma, fintech Silot.
In Southeast Asia there are lots of optimism about technology and start-up companies whose middle classes emerge and access to the Internet is expanding. According to Google and Singapore 's sovereign Wealth Foundation Temasek report, the region' s online economy will reach over $ 200 billion. According to estimates, it reached 49.5 billion dollars in 2017, reaching 30.8 million dollars in the previous year.
Despite growth markets, investment was concentrated in the early stages. Many venture capital firms have invested greater funds covering series B deals, including Openspace Ventures and Golden Gate Ventures, but there are possibilities that eight roads will be useful for filling, keeping the line a little underneath.
"In Southeast Asia, there are many early-stage funds and early-stage funds that meet the needs of emerging companies and more mature companies, and companies that are rapidly increasing the cycle of the B / C / D series will work in the world Global fund.
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Eight road ventures target transactions in Southeast Asian countries -
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