This VC is sowing many seeds in Indonesia

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Hello there ,

For the football fans out there, you know how Chelsea and Manchester City like to sign a whole bunch of young players, most of whom usually don’t come close to making it to the first team? Some people criticize this “loan farm” strategy, but I do that on my Football Manager games too. I see this as a form of diversification - you can never be sure how many of these heralded wonderkids actually fulfill their potential.

This might be 1982 Ventures’ investment strategy as well. The firm says it has invested in five Indonesian startups over the past few months, taking the number of such startups in its fintech-focused portfolio to a total of nine. Find out more about its progress in today’s premium article.

-- Winston
 
 

THE BIG STORY

Exclusive: 1982 Ventures announces investments in 5 Indonesian startups
Led by Tryb Group alumni, 1982 Ventures is also closing its first seed-stage fund after raising US$15 million in the round, which it expects will be oversubscribed.
 
 

EVENT


With global inflation rates being the highest they have been in decades, keeping profit margins healthy will be a challenge for startups.
Join us on February 24 as Billy Naveed, the chief strategy officer at Smile Group, explains how startups should approach runway, burn, valuation, and fundraising in these times.
Click here to reserve your seat.



 

IN PARTNERSHIP WITH

Insurance’s crucial factor: customer experience excellence

The insurance industry has long relied on complicated claims processes, manual underwriting, and old-fashioned communications channels, which makes engaging with customers and retaining them difficult.

But the industry is changing fast with the help of digitally savvy firms and insurtechs - companies that leverage technology to transform the customer journey into one that better accommodates today’s digital generation.

As more insurers and insurtechs develop better customer journeys, one can only wonder what the future of insurance holds.

On February 24, InsureTech Connect Asia is holding a virtual summit where thought leaders from the insurance industry will come together to discuss how technology can further help insurance providers transform the customer journey.

Register now for “Transforming the Customer Journey: Virtual Summit” to learn how insurers are innovating for the future.



 

TRENDING NEWS

Singapore AR startup bags $3.8m to enter the metaverse
With the fresh funding, BuzzAR plans to launch an avatar NFT platform called CryptoToon in the coming weeks.
Hong Kong-based fintech firm nets $3m in series A money
StockViva said that in 2021, its revenue grew 122% while its trading volume surged 932%.
Tinder co-founder’s fund joins $31m round of PHL payments firm
With the latest round, PayMongo has raised nearly US$46 million to date.
SOSV names 13 startups for 12th consumer tech cohort
SOSV has more than US$1.2 billion in assets under management from 1,120 companies in its portfolio.
Sinar Mas leads $6.2m series B+ round of AI startup
Singapore-based 6Estates specializes in multilingual natural language processing and machine reading comprehension tech to process unstructured documents.
🇮🇳 Roundup: BigBasket buys fresh food recognition startup
Also, tutoring platform Vedantu set to begin international expansion, and more.


EVENTS HAPPENING


You can also check out a curated list of trending tech events over here.
  • *Event* [Workshop] How to protect your business from inflation on February 24th
    With global inflation rates being the highest they have been in decades, keeping profit margins healthy will be a challenge for startups.
    Join us on February 24 as Billy Naveed, the chief strategy officer at Smile Group, explains how startups should approach runway, burn, valuation, and fundraising in these times. Click here to reserve your seat.
  • International Women's Day Luncheon 2022 on March 8th
    Each year, Tech in Asia celebrates #IWD to promote equal representation and opportunities for women in the tech industry. On 8 March, we are inviting startup leaders to join an interactive and engaging 3- course luncheon in Singapore, to uncover actionable ways they can #breakthebias.
    This is a small-group event, with Dione Song (CEO, Love, Bonito), Juliet Zhu (CFO, Carsome) as well as Tech in Asia’s COO Maria Li will be joining to share their experiences and stories. We will facilitate candid conversations on career, life and leadership, to help attendees make meaningful connections.
    Limited seats available. RSVP now!
  • AWS SaaS Forum on March 8th
    Join the AWS SaaS Forum on March 8 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.



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