Golden Gate Ventures' Report on Startup Ecosystem Trend in the Next 10 Years
Over the past decade, investment growth in the Southeast Asia region has increased by up to 50 times
Celebrating their 10th Anniversary, Golden Gate Ventures (GGV) launched a report on the startup ecosystem in Southeast Asia. It elaborates essential points about the trend of the startup ecosystem in the last 10 years and its predictions in the next 10 years.
Founded in 2011, GGV has invested in around 60 startups and launched four fund initiatives. The investment thesis focuses on the growing presence of the consumer class in Southeast Asia. In Indonesia, its portfolio includes Alodokter, BukuWarung, Side, Alami, and GoPlay.
Startup ecosystem trend in the past 10 years
In the past decade, startups in the Southeast Asia region have experienced very fast growth. Especially in terms of capital inflows, it is estimated to have increased by 50x from $130 million in 2010 to $6.5 billion in 2020.
In its report, GGV noted more capital coming from the United States. These include Kleiner Perkins, Accel, KKR, Tiger Global and Warburg Pincus. In addition, funding also came from countries such as China and Japan. Not only are these countries leading large-scale funding, but these countries have also invested heavily in large companies in Southeast Asia.
The venture capitalists that later became leaders include Sequoia, Softbank, Tencent, and Alibaba. The business verticals that have received the most funding over the last 10 years are e-commerce, fintech, and entertainment. Meanwhile, GGV also noted that the fastest growing business verticals were food and logistics.
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