ASEANIndonesiaSPACsVenture Capital

SPACs are targeting Southeast Asia’s start-ups, and investors are taking note

By July 19, 2021December 5th, 2023No Comments

With more than $6 billion in fresh capital invested in ASEAN startups in just the first 3 months of 2021, investors are eyeing the region in a big way, and IPO momentum continues at a record-breaking pace.

Later-stage companies from Indonesia to Singapore to Vietnam are fielding a torrent of calls from SPACs and investment banks across every conceivable sector: e-commerce, healthcare, consumer products, media, and more.

Golden Gate Ventures, a leading venture capital investor in Southeast Asia, predicts that more than 300 IPOs could occur annually by 2030.