Accelerating Asia bets on unicorn wave from MSME digitalization, logistics

Accelerating Asia Managing Partners and co-founders Craig Dixon and Amra Naidoo ©Accelerating Asia

The investor-accelerator’s sixth batch will start accepting applications in December, with greater ESG focus and a pledge to donate 1% of profit on investments to charity

 A decade on, the startup ecosystems of Southeast and South Asia have begun their next phase of growth. Founders of successful startups are now investors, backing new businesses, while early employees of unicorns are launching their own, too. Singapore-based VC Accelerating Asia early this month created a second fund to invest in pre-Series A rounds as it expects dozens more unicorns from the region by 2025, despite uncertainties due to the pandemic.The VC will begin deploying capital this year. Through its new $20m Fund II, it plans to increase the number of startups in the next cohort o...
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