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Friday, December 2, 2022

Accelerating Asia announces investments into ten startups for 7th cohort

Accelerating Asia, a Singapore-based venture capital accelerator focused on pre-Series A startups has invested in ten new companies from across Asia Pacific as part of its 7th cohort.

Accelerating Asia said in a statement the new investments take the venture capital accelerator’s portfolio to 60 startups who have raised a total of over $50 million, with Cohort 7 having raised $5.2 million prior to joining the accelerator program.

The new investments in Cohort 7 also have market traction and growth revenue with an average Gross Merchandise Value (GMV) of over $46,000 per month and an average monthly revenue of over $13,000.

Cohort 7 startups have a market presence in 9 countries across South Asia (Bangladesh, Pakistan), Southeast Asia (the Philippines, Myanmar, Singapore, Malaysia, Indonesia and Thailand, our first in the country), and East Asia (Korea, also our first in…

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