● 31 investors and 31 entrepreneurs from the Asia Pacific (APAC) region
participated in 200+ hours worth of meetings in a span of two days, conducted
in virtual speed-dating style
● Investors in attendance represent globally recognized firms fueling activity in
APAC markets
● Entrepreneurs in attendance hope to raise up to USD 350+ million as part of
their Series A and Series B funding rounds
MatchCAP, now on its third year, is an investor network event hosted by Endeavor, a global network leading the high-impact entrepreneurship movement. Led by the APAC region (Endeavor offices across Indonesia, Japan, Malaysia, Philippines, Singapore,
and Vietnam), 31 high-impact scaleups were able to network and pitch to 31 investors virtual speed-dating style.
Prior to the event, all entrepreneurs who participated in MatchCAP had to go through the rigorous Endeavor selection process. Entrepreneurs in attendance seek to raise USD 350+ million as part of their Series A and Series B funding rounds.
“We were impressed with the caliber of the investors participating in the MatchCAP event, and the minimum effort it took us to set up these meetings,” says Thuc Vu from OhmniLabs, who joined the Endeavor network just this year.
Startups in Southeast Asia have maintained their investment momentum in early Q2, according to data compiled by DealStreetAsia. MatchCAP was able to engage well-known investment firms like Sequoia, Rakuten, and Kickstart Ventures, among others, in the hopes of fueling the emerging APAC market.
Dream big, scale up, and pay it forward
Linda Rottenberg, Co-founder and CEO of Endeavor Global gave a keynote speech, encouraging entrepreneurs to dream big, scale up, and carry on the pay-it-forward spirit. Rottenberg in her address urged founders to look beyond local or regional market approaches and find inspiration in emerging markets, other than just China or India. This is especially since the newest proven business models, such as GoTo’s and Grab’s, is where entrepreneurs can learn from and replicate the success.
The Endeavor network helps entrepreneurs find inspiration from peers across borders and industries, other than mentoring or funding, as the entrepreneur contributes in the development of the ecosystem, turning from founders to funders. It is time to expect not just national or regional expansion but emerging market to emerging market while tackling all problems from competition, business models, and financing, among others, according to Rottenberg.
Building a network of trust
“When you look back at Silicon Valley, one of the things that made Silicon Valley successful is the trust-based network,” said Rottenberg. Endeavor, an organization of, by, and for entrepreneurs, has at its core the mission to make sure that founders feel that they can share their challenges with and rely on the network for support.
As the network expands to Singapore, its newest support office, Endeavor reaffirms its role of giving back and ensuring that future generations have access to opportunities.
“Singapore has an incredibly robust tech ecosystem, and by launching our third global support office there, we deepen our commitment to supporting the best high-impact entrepreneurs in the region and globally,” says Caela Tanjangco, Senior Manager at Endeavor Global.
Full list of MatchCAP participants:
Investors:
AC Ventures
Access Ventures
Alpha JWC
Beenext
Cathay Innovation
DST Global
East Ventures
Gentree
Gobi
Golden Gate
Hummingbird
ICCP Joint fund with SBI Holdings
IFC
Innoven Capital
Insignia
Jungle Venture
Kairous CapitalKickstart Ventures
Monk's Hill Ventures
Next Billion Ventures
Openspace
Patamar Capital
Qiming Capital
Rakuten Capital
Saison Capital
Sequoia Capital
SIG
Vertex Ventures
Vulcan Capital
Wavemaker
White Star
Companies:
Aspire
AwanTunai
Bobobox
Dagangan
Qlue
Stickearn
BONX
Crowd Realty
Umitron
CapBay
Cytron Technologies Sdn Bhd
Epitome
Food Market Hub
GridMarkets
TheLorry
Iraya Energies
AIAH
Ayannah
Denarii Cash
Ellana
FlowerstoreMineski
Payo
uHoo
Uploan
Zennya
NextPay
Ohmnilabs
Rikkeisoft Corporation
Trusting Social
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Established in 1997, Endeavor is leading the global high-impact entrepreneurship movement to drive economic growth and job creation by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. To date, Endeavor has screened more than 60,000 individuals and selected more than 2,000 founders leading over 1,200 scale-up companies. With support from Endeavor’s worldwide mentor network, Endeavor Entrepreneurs have created over 4.1 million jobs, generate more than $24 billion in revenue each year, and inspire future generations to innovate and take risks, building strong entrepreneurship ecosystems in growth markets.
Headquartered in New York City, Endeavor currently operates in 40+ growth markets throughout Africa, Asia, Europe, Latin America, the Middle East, and North America.
For more information, please contact hello@endeavor.org.ph.
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