In Vietnam alone, four startups have received investment: Barely Skin, Flaex, Naki, and Upbrand.
This is the largest seed funding ever invested in the region, a testament to Antler's commitment to supporting the next generation of tech entrepreneurs in Southeast Asia.
The portfolio of startups spans 19 sectors, from AI and B2B SaaS to fintech and healthcare technology, addressing specific challenges in the region. This is a complete list of the invested companies.
Antler Vietnam partner - Mr. Erik Jonsson, who played Shark Erik in season 5 of Shark Tank Vietnam.
Antler's early investment in startups helps the fund identify and promote emerging trends with significant future potential. Antler identifies three such trends:
- The shift to Vertical AI – Antler predicts a second wave of AI technology in 2024 as artificial intelligence continues to evolve and solutions are optimized for specific industries. Businesses will embrace vertical AI, aiming for more sustainable growth, particularly in communications, customer lifecycle management, and large language model integration (LLM).
- The rise of Industry 4.0 in Southeast Asia – while Industry 3.0 was driven by the manufacturing sector, this technology now has the potential to propel all other sectors. Core principles of connectivity, data-driven decision-making, and automation are increasingly being applied to traditional non-digital sectors such as construction, transportation, and healthcare.
- Building locally scalable solutions for global expansion – with the global digital economy projected 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. This potential lies in sectors such as fintech, media, and business operations.
The founding team in Vietnam received support from Antler.
Erik Jonsson, Managing Partner of Antler Vietnam, said: "Vietnam is rapidly emerging as an innovation hub in Southeast Asia. Antler's significant investment in the region demonstrates strong confidence in founders in Southeast Asia in general and Vietnam in particular. With resilience and ingenuity, Vietnamese founders have been breaking through and conquering new challenges."
Jussi Salovaara, Co-founder and Managing Partner of Antler Asia, said: "As investors at multiple stages of startups, we see tremendous potential in early-stage startups in Southeast Asia. We are very interested in the pre-seed stage, especially in AI and Industry 4.0 startups that address deeper challenges and transform how models and data are translated into tangible products. We strive to help entrepreneurs establish a solid foundation to build sustainable business models and foster long-term innovation within the global technology ecosystem."
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