Tech in Asia

- 🌐 JustCo plans to expand its co-working spaces in Asia and the Middle East, aiming to double its market presence in 2-3 years. - 📈 The company's revenue increased by 14.9% in 2023, benefiting from the demand for flexible office spaces amid shifting professional needs. - 🏢 A new brand, "The Collective," caters to premium market demands, with its first co-working space opening in Japan in 2025. Its CEO and founder Wan Sing KONG said co-working operators are paid to manage the space on behalf of landlords who spend for the capital expenditure costs. Story by Jessie Lim, republished from The Business Times. - Want full insights? Subscribe to Tech in Asia to read the entire article.

📰✨ Check out our top articles for the week. Jungle Ventures aims to list a portfolio company every six months as Southeast Asia's tech IPO potential rises. 🚀 Jungle Ventures secured $250 million for its fifth fund, targeting future IPOs. Four unicorns in its portfolio could go public within three years. 🌍 Amit Anand sees Southeast Asia's tech somewhat overlooked, expecting comparable startup returns to India despite a delayed ecosystem start. 🤖 Jungle Ventures backs AI startups, seeing untapped opportunities in the sector, and plans continued investments to drive industry growth through 2025. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

💼💰 Which investors are writing the most checks to Japan-based startups? Mitsubishi UFJ Capital Co.,Ltd. tops the list with 106 deals in the past two years, followed by SMBC Venture Capital with 99 deals. Mizuho Gulf Capital Partners ranks third with 68 deals. Japan Finance Corporation comes next with 61. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

- 🚀 Founders' leadership styles are evolving beyond Paul Graham's "Founder Mode"; they now wear multiple hats based on specific business demands. - 🌍 Fractional founders, rising globally, balance multiple startups by providing part-time leadership and leveraging networks across different markets. - 🤝 Startups can attract fractional founders by aligning values, emphasizing potential, and fostering mutually beneficial relationships. - Want full insights? Subscribe to Tech in Asia to read the entire article.

Nvidia’s Vietnam deal: a game changer or just noise? 👉 Read more: https://buff.ly/3VNeNkw - ⚡ Nvidia's acquisition of Vietnam’s AI startup VinBrain and its planned R&D center boosts Vietnam’s tech scene, despite uncertainties about its specific impact and scope. - 🏥 VinBrain's DrAid, an AI diagnostic tool, is utilized in 200 hospitals and is Southeast Asia's first FDA-certified X-ray AI tool. - 🚀 Nvidia's entry signals increased attention to Vietnam’s engineers, potentially enhancing the fundraising landscape, though challenges in local AI adoption and infrastructure remain.

🌍🤝 This funding follows a strategic partnership between Anghami and OSN Group of the UAE, which was established in April 2024. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

🚀💼 The funding was co-led by Web3Port Foundation and Aptos Labs. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

🚀💻 CEO Sam Altman highlighted o3's superior performance over its predecessor, o1, particularly in coding and detailed queries. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

Exclusive angel club XA Network plots new ambitions 👉 Read more: https://buff.ly/4gPENn5 - 🌏 XA Network, an elite Southeast Asian angel investment group with 130 tech executives, joined a $6 billion funding round for Elon Musk’s xAI. - 💸 Focusing on early-stage startups, they offer hands-on support and have expanded investments globally, recently launching XA Africa. - 🤝 Collaborating with platforms and family offices, they seek diverse capital sources for Southeast Asia’s tech and startup ecosystem. We spoke with XA Network members Keemin Ngiam and Natasha A., as well as Kristoffer Jacek Soh Zhi Wei, CEO of XA Network's portfolio company Beep Technologies. Story by Melissa Goh, editing by Thu Huong Le and Lorenzo Kyle Subido.

VC funds tracker: Alibaba Group introduces a $150m Alibaba Entrepreneurs Fund and more 👉 Read more: https://buff.ly/4gHcXdr 📊 Southeast Asia and India VCs raised over $14 billion in 2024, showing significant growth despite economic challenges. 💼 Most VC funds like Warmup Ventures and Abyro Capital focus on early-stage startups, with increased interest in fintech, climate tech, and AI sectors. 🇸🇬 Majority of closed funds like Wavemaker Impact and Genesis Alternative Ventures are headquartered in Singapore, further emphasizing the region's investment prominence.