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Salesforce acquires Israeli cloud firm Own for $1.9b

Salesforce acquires Israeli cloud firm Own for $1.9b

In a significant move to bolster its cloud services, Salesforce has acquired the Israeli-based cloud company Own for $1.9 billion…
**Accelerating Asia: Investing in 85 Startups Across Asia Over Six Years** Accelerating Asia, a prominent early-stage venture capital firm, has made an impressive mark in the Asian startup ecosystem, investing in 85 startups over the past six years. These ventures, spread across multiple countries in Asia, have collectively raised more than US$106 million, with several of them achieving valuations exceeding US US$100 million. This milestone underscores Accelerating Asia’s commitment to supporting high-growth startups in the region, as well as its role in helping to shape the future of the Asian startup landscape. Founded in 2018, Accelerating Asia’s primary mission has been to identify and nurture high-potential early-stage startups in key markets across the continent. The firm operates by investing in companies across a diverse range of sectors, including fintech, e-commerce, SaaS (Software as a Service), health tech, edtech, and deep tech. With offices in Singapore and an extensive network of local partners, Accelerating Asia has built a robust ecosystem that allows it to tap into the growing innovation hubs across the region. The firm’s approach combines venture capital funding with hands-on acceleration, providing not just financial resources but also strategic mentorship, market access, and operational guidance. This dual-focus on both funding and growth support has been critical in helping its portfolio companies scale rapidly. In addition to its initial investments, Accelerating Asia provides a range of services to its portfolio companies, including access to an exclusive network of mentors, investors, and industry experts, as well as participation in its structured accelerator programs. The diversity of startups in which Accelerating Asia has invested reflects the vast opportunities emerging across Asia. The firm has backed companies from countries including India, Indonesia, Malaysia, the Philippines, Vietnam, and Thailand, each with unique challenges and growth trajectories. Many of these startups have gone on to raise additional rounds of funding, fueling their expansion into new markets and helping them refine their products and services. For example, some of these ventures have reached valuations over US$100 million, marking them as significant players in their respective sectors. One of the key factors driving the success of Accelerating Asia’s portfolio companies is the rapid growth of the Asian digital economy. Asia is home to more than half of the world’s internet users, and as e-commerce, mobile payments, and digital services become increasingly ubiquitous, startups in the region are tapping into vast consumer markets. Additionally, Asia’s young, tech-savvy population has been a strong driver of innovation, with many entrepreneurs identifying unique solutions to regional problems through technology. Furthermore, Accelerating Asia’s success is also tied to the firm’s ability to identify and back founders with the vision and agility to navigate the fast-evolving market dynamics. The firm has consistently demonstrated a keen understanding of the region’s economic shifts, demographic trends, and emerging technologies, allowing it to spot opportunities early and provide the necessary capital and guidance to help startups scale. The growth of Accelerating Asia’s portfolio is a testament to the firm’s ability to recognize and support high-potential startups that are not only addressing pressing challenges in their local markets but are also scaling to have a regional and even global impact. As the firm looks ahead, it is well-positioned to continue its mission of empowering the next generation of Asian entrepreneurs, driving innovation, and contributing to the overall development of the Asian startup ecosystem. With over US$106 million raised by its portfolio companies and several ventures reaching valuations of over US$100 million, Accelerating Asia’s track record highlights the growing importance of early-stage venture capital in fostering startup success. As the firm moves into its next phase of growth, it remains an important catalyst for entrepreneurship and innovation across Asia.

Accelerating Asia: Investing in 85 Startups Across Asia Over Six Years

Accelerating Asia, a prominent early-stage venture capital firm, has made an impressive mark in the Asian startup ecosystem, investing in…
SpaceX, the pioneering aerospace company led by Elon Musk, is reportedly preparing a tender offer that will value the company at a staggering $250 billion. This marks a significant milestone for SpaceX, underscoring its growth and increasing dominance in the space industry.

SpaceX’s Planned Tender Offer Sets Company Valuation at $250 Billion

SpaceX, the pioneering aerospace company led by Elon Musk, is reportedly preparing a tender offer that will value the company…
Indonesian childcare platform hits over $1m in ARR

Indonesian childcare platform hits over $1m in ARR

In a remarkable achievement for a startup in the childcare sector, KinderCastle, an Indonesian-based platform connecting parents with quality childcare…
Spotify Takes on YouTube with Video Podcast Monetization for Premium Subscribers

Spotify Takes on YouTube with Video Podcast Monetization for Premium Subscribers

Spotify is taking a bold step to challenge YouTube’s dominance in the video content space with the launch of a…
Vietnam’s FPT launches AI factory in Japan with Nvidia

Vietnam’s FPT launches AI factory in Japan with Nvidia

Vietnamese tech giant FPT Corporation has taken a significant step in its global expansion by launching an AI factory in…
Animoca Secures Additional $10 Million for Membership NFT Collection and Consumer Crypto Infrastructure

Animoca Secures Additional $10 Million for Membership NFT Collection and Consumer Crypto Infrastructure

Animoca Secures Additional $10 Million for Membership NFT Collection and Consumer Crypto Infrastructure Animoca Brands, a leader in digital entertainment…
Motorola Solutions has raised its revenue forecast for the year 2024, driven by stronger-than-expected performance in the third quarter (Q3). The company now anticipates an 8.25% revenue growth for 2024, slightly higher than its previous estimate of 8%. This upward revision comes as Motorola continues to benefit from strong demand for its communication solutions across various industries, including public safety, government, and enterprise markets.

Motorola Lifts 2024 Revenue Forecasts, Outperforms Q3 Expectations

Motorola Solutions has raised its revenue forecast for the year 2024, driven by stronger-than-expected performance in the third quarter (Q3).…
Kakao Reports Strong Profit Growth Despite Declining Sales

Kakao Reports Strong Profit Growth Despite Declining Sales

Kakao, South Korea’s leading tech conglomerate, has reported a solid 5% increase in its operating profit for the most recent…
Saudi Arabia's $100 Billion AI Initiative Poses a Challenge to UAE's Tech Leadership

Saudi Arabia’s $100 Billion AI Initiative Poses a Challenge to UAE’s Tech Leadership

In a bold move to position itself as a global leader in artificial intelligence (AI), Saudi Arabia has unveiled plans…