Eight Roads Ventures announces focus on Southeast Asia
Eight Roads Ventures, an investment department within the financial firm Fidelity International, has recently announced plans to expand investments in Southeast Asia.
- The investment group announced that it will be focusing on startups in the technology, health, consumer, and financial services spaces. They are looking to focus on companies that are in Series B, Series C, and Series D funding rounds.
- Eight Roads Ventures has already invested in three companies in Southeast Asia, Akulaku, Eywa Pharma, and Silot. They have also opened offices in Singapore.
- “Southeast Asia has several early-stage and late-stage funds that cater well to the start-ups and more mature companies,” said Eight Roads Ventures managing partner for Asia Raj Dugar. “The growth-stage companies, looking at raising Series B/C/D rounds have had limited access to capital given the lack of global funds operating in the region.”