2023 was a big year for Accelerating Asia Ventures and our portfolio hit the ground running in getting back to business.
Here are some highlights from 2023:
Global portfolio keeps growing 🌏
Our 34 startups from Fund 1 continued to grow at an astonishing rate: The companies on average earn US$1.09 million in monthly revenue, a multiple of 39x compared to when they first started our 100-day accelerator.
Newbies in the house 🏠
Accelerating Asia Ventures launched Cohort 8 and Cohort 9, which brings the current investments from Fund 2 to 43
1.6% acceptance rate 🤯
You’ve heard it right: it’s harder to get into the Accelerating Asia program than it is to Harvard. We’ve received a whopping 1039 program applications this year from across the globe for Cohort 8 and Cohort 9. Out of the 1039, we brought in the cream of the crop into the Accelerating Asia portfolio with 17 new investments from Singapore, Indonesia, Philippines, Bangladesh, India, Pakistan, Sri Lanka, Japan, and Dubai.
Setting a new standard 💫
The entire Accelerating Asia Ventures portfolio continues to see incredible diversity in terms of gender (43% female founded), sector (over 16 different industries represented), and even geography (47% investments in South Asia, 43% in Southeast Asia).
Join us live, online for our first-ever Portfolio Showcase this Tuesday to see a handful our of our fastest-growing portfolio companies pitch live about where they're at now and their plans for growth this year, as well as hear updates on what 2024 has in store for Accelerating Asia Ventures
RSVP here: https://lnkd.in/gKYfZb7D
Founder & CEO at EntegreFY / Entrepreneur /Investment and Growth / Process and Feasibility Management
1moIt was great news when I heard that Techstars is also present in Tokyo. This is also great news and congratulations Dear Yuki Shirato !