In Vietnam alone, there are 4 startups that have received investment: Barely Skin, flaex, Naki and Upbrand.
This is the largest seed investment ever in the region, a testament to Antler’s commitment to supporting the next generation of tech startups in Southeast Asia.
The portfolio of startups spans 19 sectors, from AI, B2B SaaS to fintech and healthcare technology to address specific challenges in the region. Here is the full list of invested companies.
Partner at Antler Vietnam - Mr. Erik Jonsson as Shark Erik on Shark Tank season 5
Antler’s early investments in startups help the fund identify and promote emerging trends with great potential in the future. Antler identifies three trends:
- The Shift to Vertical AI - Antler predicts a second wave of AI technology in 2024 as AI continues to mature and solutions are optimized for specific industries. Businesses will approach AI vertically, aiming for more sustainable growth, especially in the areas of communications, customer lifecycle management, and large language model (LLM) integration.
- The rise of Industry 4.0 in Southeast Asia – while Industry 3.0 was driven by manufacturing, the technology now has the potential to drive all other sectors. The core principles of connectivity, data-driven decision making and automation are increasingly being applied to traditionally non-digital sectors such as construction, transportation and healthcare.
- Building local solutions that can scale globally - with the global digital economy expected to reach $17.5 billion by 2025, new startups are developing products that serve local needs in Southeast Asia, while maintaining the potential for global expansion. Potentials in areas such as fintech, media, business operations.
Founders in Vietnam receive support from Antler
“Vietnam is rapidly emerging as an innovation hub in Southeast Asia,” said Erik Jonsson, Managing Partner of Antler Vietnam. “Antler’s significant investment in the region demonstrates our strong confidence in founders in Southeast Asia in general and Vietnam in particular. With resilience and ingenuity, Vietnamese founders are breaking through and conquering new challenges.”
“As an investor across multiple stages of startups, we see huge potential in early-stage startups in Southeast Asia,” said Jussi Salovaara, Co-founder and Managing Partner of Antler Asia. “We are very interested in pre-seed stage, especially AI and Industry 4.0 startups that are solving deeper challenges and transforming how models and data are transformed into tangible products. We strive to help startups establish a solid foundation to build sustainable business models and drive long-term innovation in the global technology ecosystem.”
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