CONTENT

• Startup Trends in Asia

• AV & AI Industry Trends
• Mobile Industry Trends
• Global VC Trends
• Top Ten Startup Hubs 2019
Startup Trends in Asia
Asia’s Rapidly
Rising
Middle Class
The global middle class
is expected to grow to
4.9 billion people by
2030 and two-thirds
will be in Asia.

OECD defines “middle

class” as households
that spend $10-$100
per person each day. In
2009, there were 1.8
billion people in this
middle class.
 Improvement-driven Opportunity
Activity in Asia
Improvement-driven opportunity activity in Asia during 2018
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

South Korea 67.1%

Thailand 63.6%

Taiwan 56.8%

Indonesia 44.2% Percentage of total

entrepreneurial activity
Japan 39.1%

China 25.5%

India 25.4%

Source: GEM
Note: Asia; 2018; 18-64 years; about 2,000 per country; data is composed of the Adult Population Survey and the National Expert Survey
 Startup Investments in South Korea

VC investee number in South Korea 2006-2018

1600

1,399
1400
1,266
1,191
1200
1,045
Number of investees

1000
901

800 755
688
617 615 613
600 524 560
496

400

200

0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Source(s): KOTRA (Invest KOREA); KVCA

 Number of Startups in South Korea
by 2018
Startups in South Korea by business age
600000

520,297
500000

402,369
400000
Number of companies

308,413
300000
241,327
206,614
200000 174,111
148,543

100000

0
1 year old 2 years old 3 years old 4 years old 5 years old 6 years old 7 years old

Source(s): KISED; MSS

 Number of New Startup Investments
in China
Number of new startup investments in China 2008-2018
6000

5000 4,822
Number of new venture capital

4,321
4000 3,683
3,445
investments

3000

2000
1,917
1,505
1,071 1,148
1000 817
607 477

0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Source: Zero2IPO
 China’s Leading Unicorn Companies

Most valued unicorn companies in China 2019

0 10 20 30 40 50 60 70 80

Toutiao (Bytedance) 75
Didi Chuxing 56
Bitmain Technologies 12
DJI Innovations 10
Guazi (Chehaoduo) 6.6
Lianjia (Homelink) 5.8 Valuation in billion U.S. dollars
Manbang Group 6
EasyHome 5.7
United Imaging Healthcare 5
UBTECH Robotics 5

Source: CB Insights
 Number of Startup Deals Across India
in 2018
Startup financing deals in India by sector 2018

0 5 10 15 20 25 30 35

B2C (horizontal and vertical) 32

FinTech 23
HealthTech 22
EdTech 18
B2B 16
Mobility 16
Others 16 Number of deals
Hyperlocal 15
Social 14
Online classifieds and services 11
Logistics tech 10
Wallets/ payments 8
Travel and hospitality 8
Gaming 4

Source: EY
 Ease of Doing Business in India
World Bank Ranking for India 2014-2018
68.6
67.23
66.6

64.6
Ease of doing business score

62.6
60.76
60.6

58.6

56.6
55.27
54.68
54.6 53.97

52.6
2014 2015 2016 2017 2018

Source: World Bank

AV & AI Technology Trends
 Autonomous Driving Market 2019
According to Allied Market Research, the global autonomous vehicle
market is valued at $54.23 billion in 2019, and is expected to reach $556.67
billion by 2026, with CAGR of 39.47% from 2019 to 2026.
 Autonomous Driving Market 2019
The top factors impacting the Autonomous
Vehicle market include development of
smart cities, rise in demand for connected
cars using IoT, and high component cost.

By geography, North America accounted

for over two-fifths of the total market
share in 2019. Europe is expected to grow
at the fastest CAGR of 42.95% during the
forecast period.

Source: Allied Market Research

 Autonomous Driving Market 2019
“Global nations […] are competing
against each other to be the place to
not only develop but to deploy CAVs in
the real world.”

- Mike Hawes, CEO

The Society of Motor Manufacturers and Traders (SMMT)

Source: Connected and Autonomous Vehicles: Winning the Global Race to Market (2019) - SMMT
 AI Global Spending 2019
International Data Corporation (IDC) states that global spending on artificial intelligence
(AI) systems will reach $37.5 billion in 2019, and is expected to grow by 2.5 times to
$97.9 billion in 2023, with CAGR of 28.4% over the 2018-2023 forecast period.

Retail and banking industries will lead spending on AI systems with over $5 billion each in
2019. The fastest spending growth will arise in media and governments.
 AI Global Spending 2019

The three largest use cases

for AI systems – automated
customer service agents,
automated threat
intelligence and prevention
systems, and sales process
recommendation and
automation – will deliver
25% of all AI systems
spending in 2019.
AI Global Spending 2019
AI Global Spending Forecast

Global VC funding in
AI increased by 4x
between 2015 and
2018, while
enterprise
investment in AI is
expected to jump by
19x between 2018
and 2025.
Mobile Industry Trends
 Mobile Device Forecast
According to Gartner, the worldwide shipments of PCs, tablets and smartphones are
predicted to decline by 3.7% in 2019. After years of growth in the worldwide smartphone
market, sales of smartphones will decrease by 3.2%, due mainly to the fact that the
lifetimes of premium phones have increased.
On the other hand, the share of 5G phones will increase from 10% in 2020 to 56% in
2023.

Worldwide Device Shipments -

Worldwide Device Shipments – PC,
Computing Device & Mobile Phones,
2018-2021 (Millions of Units) 2018-2021 (Millions of Units)
Traditional PCs (Desk-Based Computing Device Market
and Notebook) (Total PC Market +
Ultramobiles, Basic and Utility)

Ultramobiles, Premium Mobile Phones

Total PC Market Total Device Market

0 50 100 150 200 250 300 0 1000 2000

2018 2019 2020 2021 2018 2019 2020 2021

Source: Gartner (September 2019)

 Global Connectivity in 2019
According to GSMA, global 4G connectivity will exceed half of connections in 2019,
reaching up to 59% by 2025. 5G launches began in 2019. 5G will take up 15% of global
connectivity by 2025.
 Global Connectivity in 2019
With the U.S. and South Korea leading the way, 18 countries will have
launched commercial 5G networks by the end of 2019.
Global VC Trends
 Global Venture Financing Trends
In 2019, global VC investment remained solid despite a slight decline compared to
2018, with a large number of $100 million+ megadeals across the U.S., Americas, and
Europe.

Globally, VC-backed
companies raised:

$53.0B across 2,657

deals in Q1’19

$52.7B across 3,855

deals in Q2 ‘19

$55.7B across 4,154

deals in Q3 ‘19
 Global Venture Financing Trends
Angel and seed stage
deals and dollars
have decreased since
2018.

Also late stage

investment dollars
seemed to have
decreased in 2019
even with supposedly
increase of late-stage
participation of non-
traditional investors,
such as hedge funds.
We are waiting for
the final count in
2019.
Global Venture Financing Trends
Q3 2019 saw a
diverse range of
mega-deals across 9
cities in 5 countries
where $5.7 billion
was raised.

The most capital

raised was from
Chinese startups
totaling $2.33 billion
during Q3 2019.
 Value of U.S. Venture Capital
Investment in 2018
VC investment value by industry in 2018
50.0 46.82
45.0
40.63
40.0
Value in billions of U.S. dollars

35.0
Value in billions of U.S. Dollars
30.0

25.0

20.0
17.38

15.0

10.0 6.8 5.87 5.4

5.0 2.63 2.28 1.75 1.37
0.0
Software Pharma & HC services HC devices Commercial Comsumer IT hardware Energy Media Other*
Biotech & systems & supplies services goods &
recreation

Source(s): Thomson Reuters; NVCA

 Value of US. Venture Capital Investments

Value of U.S. venture capital investments from1995-2018

140

Value in billions of U.S. Dollars

120

100
Value in billion U.S. dollars

80

60

40

20

0
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Source(s): PwC; Thomson Reuters NVCA

 Median Deal Size of Startups in the
Americas by Stage
The Americas: VC median deal size 2015-2017 by stage
Angel/seed Early stage VC Later stage VC
12
11.2
10 10
10
Deal size in million U.S. dollars

8
in millions of U.S. Dollars

6
6
5
4
4

2
0.7 0.9 1

0
2015 2016 2017*

Source(s): KPMG; PitchBook

Note: Includes South, Central and North America
Top 20 States for Total Venture Capital
Investments in 2018
AZ $539 million
CA $77.3 billion
CO $1.64 million
CT $683 million
D.C. $676 million
FL $1.73 billion
GA $1.14 billion
IL $1.79 billion
IN $368 million
MA $11.8 billion
MN $786 million
NJ $732 million
NY $14.3 billion
NC $2.62 billion
OH $1.03 billion
PA $1.49 billion
TX $2.69 billion
VA $743 million
WA $2.96 billion
Source(s): NVCA; PitchBook
 Equity Financings into Startups in the U.S.
Equity financings into VC backed companies in the U.S. 2016-2019

Restart Later Second First Seed

23.1

18.53 18.72
17.8 17.96
18.1 Value in billions of U.S. Dollars
Equity financings in billion U.S. dollars

14.92
14.31
13.22 13.65
12.56
13.1 11.6
10.06
9.43

7.54 7.71
8.1 4.92
4.95 3.65
4.14 3.34 3.22 5.14
4.99
2.86 2.51 4.48 4.24 4.32
2.12 3.47 3.43 3.79 3.63
3.25 3.01 3.37 4.53
2.45 2.34 2.47
3.1
0.35 0.43 0.4 0.47 0.54 0.54 0.3 0.46
0.22 0.17 0.51
0.23 0.08 0.06 0.4 0.03 0.04 0.02 0.12
0.04 0.55 0.01 0.04 0 0 0

-1.9
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019

Source: Dow Jones

 Value in million U.S. dollars

10000
12000
14000

2000
4000
6000
8000

0
M In
te
ob r ne
ile t
& He

12,037
Te al
So le th
ftw co ca
m re
ar m
e u

4,580
(n ni
ca

Sources: PwC; Thomson Reuters; NVCA

on
Au -in tio
to te ns
m rn
ot et
iv /m
Co e
m & ob
pu Tr ile
te an )
rH sp

3,065 2,661
ar or
dw ta
ar tio
e n
&
Co Se
ns rv
ic
um es
er
Pr In
od du
uc st
ri a
ts l
&
1,456 1,074 1,040

Se
rv
ic
es
693

Fi
Fo na
od nc
ia
& l
470

Be
ve
En ra
er ge
gy s
432

&
U.S. by Industry

Bu Ut
ili
si tie
ne s
432

ss
Pr Le
od is
uc ur
ts e
&
in millions of U.S. Dollars

299

Se
rv
ic
es
210

El
Value of VC Investment in the

ec
tro
ni
cs
201

Ag
ri c
ul
tu
Value of venture capital investment in the U.S. Q2 2019 by industry

re
53
 Global Venture Financing Trends
VC investment in Asia slowed significantly, while other regions, especially
Europe, saw a strong increase in investment. In Q3, Europe already
exceeded 2018’s record level of VC investment.
Total Value of VC Investments in Europe

Value of venture capital investments in Europe from 2013-2018

25

21.2
in billions Euros 20.2
20

15.5
14.3
In billion euros

15

9.9
10

6.5
5

0
2013 2014 2015 2016 2017 2018

Source: Dealroom.co
Top Ten Startup Hubs 2019
 Top Ten Startup Hubs 2019

Stockholm

London
Silicon Valley Beijing
Boston Seoul
New York
Los Angeles
Tel Aviv Shanghai
 Top Ten Startup Hubs 2019

What defines a leading

global startup hub?

• Engineering Talent • Startup Culture

• Entrepreneurs / Mentors • Legal & Policy Infrastructure
• Technical Infrastructure • Economic Foundation
• Funding Ecosystem & Exits • Government Policies & Programs
 Top Ten Startup Hubs 2019
1. Silicon Valley
Population of Top 10 2.
7.4 Million
Beijing
Global Startup Hubs 24.9 Million
3. Stockholm
2.2 Million
4. Tel Aviv
4.1 Million
5. New York City
20.2 Million
5. Shanghai
34.9 Million
7. Los Angeles
18.7 Million
7. Seoul
25.7 Million
9. Boston
8.3 Million
10. London
A view of San Fransokyo from Disney's 'Big Hero 6' 14.2 Million
Image Credit: Walt Disney Animation Studios
* population by metro area
 On Silicon Valley

“Entrepreneurship ecosystems are developing

all over the globe – but no place is like Silicon
Valley where ideas, ambitions, capital and
experience still come together in a unique,
catalytic way that fosters the creation of
exceptional startups.”

Jeff Clavier,
Uncork Capital is a pioneer in the micro- Founder & Managing
VC market. Founded in 2004 as SoftTech
VC, we raised one of the very first
Partner of Uncork Capital
institutional Seed funds in 2007: $15M
Fund II. Now deploying our $100M sixth
fund, we have invested in over 200
companies, including Mint, Eventbrite,
SendGrid, Fitbit, Vungle, Postmates,
Poshmark, Front, LaunchDarkly and
others.
 Top Ten Startup Hubs 2019
1. Silicon Valley
Unicorns of Top 10 2.
111 Unicorns
Beijing
Global Startup Hubs 98 Unicorns
3. Stockholm
3 Unicorns
4. Tel Aviv
5 Unicorns
5. New York City
Our definition of a “unicorn”: 29 Unicorns

Current Private Companies 5. Shanghai

51 Unicorns
Valued at $1B+ 7. Los Angeles
15 Unicorns
7. Seoul
11 Unicorns
9. Boston
12 Unicorns
10. London
(Sources: CB Insights, Hurun Research Institute) 12 Unicorns
 On Silicon Valley

“Silicon Valley is the best place in the world to

scale a startup. Once a startup hits product-
market-fit, it should absolutely have a presence in
the Valley to benefit from the knowledge and
resources about scaling.”

Ben Casnocha,
Ben is Co-author of the #1 Partner at Village Global
New York Times bestselling
career strategy book “The
Start-Up of You: Adapt to
the Future” (with Reid
Hoffman). At 14, he was
Founder of Comcate, an e-
government technology
firm.
 Silicon Valley

111 Unicorn Startups in Silicon Valley

 On Beijing

“Beijing is great for startups because it's not

only the center for tech, business, politics and
culture in China, but also has a large early
adoption market for new technology and
consumer trends. The city is littered with co-
working spaces and events for startups. VCs
are hungry to invest in great companies.
Besides Silicon Valley, Beijing is the next most
vibrant place for startups.”
Anna is Head of the largest
seed fund in China with over
$500 million AUM. Since Anna Fang, CEO &
starting the fund in 2011
with Xu Xiaoping, Anna has Partner of ZhenFund
managed the fund’s over 300
early stage investments.
 Beijing

98 Unicorn Startups in Beijing


Eze is Co-founder and
Managing Partner at
Remagine Ventures.
Previously, he was a General
Partner at Google Ventures
(GV), the European head of
Google for Entrepreneurs
and the founding head of
Campus London, Google’s
first physical hub for
startups.
On Tel Aviv
“Israel is en route to breaking a record in
fundraising in 2019, with almost a billion in
capital raised by startups in September alone.
The combination of entrepreneurial technical
talent, availability of venture capital, and over
350 multinational R&D centres operating in the
country, make Israel a unique startup ecosystem.
The fact that the Israeli market is negligible, also
contributes to Israeli startups thinking global
from day one.”
Eze Vidra,
Co-founder &
Managing Partner at
Remagine Ventures
 Tel Aviv

5 Unicorn Startups in Tel Aviv

 On Tel Aviv
“Israel is a unique hub. It’s where different ethnicities
mix, where kids fresh out of high school are entrusted
with the most technological advanced defense systems
in the world and quickly fall in love with technologies
and comradeship. It’s a hub that embraces
entrepreneurship, is not shaken by failures and
encourages perseverance and never giving up.
Meetups, street fairs, conferences, accelerators, shared
Ariel is a Founder, CEO and
spaces all play a role in cultivating this amazing GM of ground breaking
ecosystem. The open, easily accessible and helpful local products and technologies
touching the lives of over 1
entrepreneurs community is the most fertile soil for billion users worldwide.
anyone attempting to turn a cyber, medical, AI, agritech, Products such as ICQ (the
fintech, media or any other vision into a thriving pioneering global instant
messaging platform),
startup.” Speedbit (data, download
and video acceleration
Ariel Yarnitski platform with over 400
million users); and others.
Entrepreneur, Advisor, Investor
 On Stockholm
“The Stockholm startup ecosystem is on fire,
with Spotify, Mojang, King and Klarna leading the
way. A new generation of companies that
includes Truecaller, Lifesum and Trustly are
following in their footsteps. Stockholm's secret
sauce is a mix of great products, engineering
skills, Nordic design and a culture of going
international from day one. This is attracting
people and capital from all over the world and
reinforcing the fact that Stockholm is one of the
Lifesum is digital health
startup that offers its users a
best places in Europe to build a startup.”
flexible platform to support
and encourage a healthy, Henrik Torstensson,
balanced lifestyle. They have
won Best of App Store 3 years CEO of Lifesum
in a row. Their investors
include Nokia Growth
Partners, Bauer Media, and
SparkLabs Global Ventures.
 Stockholm

3 Unicorn Startups in Stockholm

 On Los Angeles

“Los Angeles occupies a unique position as the

center of the global entertainment industry.
Companies who want access to content, talent and
media knowledge are all locating offices here. Los
Angeles also has a rich set of experienced
entrepreneurs, angel investors and venture capital
that can help new companies scale and grow.”

Sam Wick, Head of UTA Ventures

Sam is currently Head
of UTA Ventures.
Previously he was EVP
& GM, Enterprise at
Maker Studios, which
was acquired by
Disney in 2014.
 Los Angeles

15 Unicorn Startups in Los Angeles

 On NYC
“The NY Tech scene is now almost completely
unrecognizable to what it was in the
aughts. MarTech / AdTech and Fintech are still
very strong anchors, however now you have a
significant number of successful consumer and
enterprise cohorts outside of this realm,
widening the startup sector spectrum here, and
the money is following. It’s an exciting time
indeed for NY Tech right now!”
Carter Adamson is a Partner at
Carter Adamson, Atomico. He co-founded the
online music service Rdio, and
Partner at Atomico Sum, a health and wellness
wearable startup. He was head
of product at Skype, a senior
program manager at ICQ whilst
they were hitting their stride,
and was director of product
strategy at AOL during its peak.
 NYC

29 Unicorn Startups in New York City

 On NYC

“New York's technology and venture ecosystem

continues to evolve at a steady pace. The
richness of talent combined with the diversity of
industry provides limitless potential. And let's
face it, there is no place like the Big Apple!”

Craig Shapiro,
Founder & Craig Shapiro is an
Managing Partner at entrepreneur and investor at
Collaborative Fund Collaborative Fund. He helped
pioneer several mobile and
interactive television
initiatives in the U.S.,
including the first multi-
carrier live voting in Super
Bowl XXXVI.. Previously, he
was President of GOOD
magazine.
 Shanghai

51 Unicorn Startups in Shanghai

 On Seoul

“The biggest advantage of the Seoul startup

ecosystem is in the people. More and more top tier
talent are joining startup companies. They show an
intense commitment to a team and do their part
quickly, actively with an enthusiastic tendency that
is a strength of Korean professionals.

With its high purchasing power and population

Mihee Kim is the
Founder & CEO of density, Seoul is particularly competitive,
Tutoring, which is a but it is still the best environment for developing
portfolio company of
SparkLabs Korea. startup ideas.”

Mihee Kim, Founder &

CEO of Tutoring
 Seoul

11 Unicorn Startups in Seoul

 On Seoul
“In my mind, the two most important factors that makes
Seoul one of the best ecosystems for startups is its people
and infrastructure. In a city where 40% of the population
of South Korea is living in Seoul, the population has
experienced internet speeds years ahead of any other city
in the world which in turn has produced a technically savvy
work force and customer base. It is no coincidence that
many businesses such as SNS and mobile social gaming
were successful in Korea many years before it became
globally popular. Because it is the most connected city in Chris is Co-founder of
the world, entrepreneurs can offer services now that may Coupang, which is the
leading ecommerce
not be possible anywhere else until later when internet company in South Korea.
speed and/or user adoption catches up.” They recently raised $3
billion from Softbank
and previously raised
Chris Koh, Co-founder of capital from Sequoia
SparkLabs Ventures & Capital Global Equities,
BlackRock Private Equity,
Co-founder of Coupang
and others.
 Boston

12 Unicorn Startups in Boston

 On Boston

“The Boston talent pool is unrivaled and the

community is very hungry for breakout
companies. While there can be disadvantages to
being outside the hype zone, I love that it provides
space to focus and build transformational
products. And I love that the community rallies
around emerging companies more than I've seen
in any other city.”
Pat is Founder & CEO of
Pat Kinsel, Founder & Notarize and a Venture
CEO of Notarize Partner at Polaris
Partners. He was Co-
founder & CEO of
Spindle, which was
acquired by Twitter in
2013.
 London

12 Unicorn Startups in London

 On London

"London has a unique combination where in one

single city there is strong concentration of deep
technical talent alongside people with business
experience across multiple sectors and it's also the
seat of government and regulation. For the new
wave of startups coming up that are tackling real
world issues, it's an ideal starting ground to
coordinate across all these domains.”
Aire gives people a new
credit score to help them
Aneesh Varma, Co-founder & qualify for essential
CEO of Aire financial products. The
company’s investors include
Crane Ventures, White Star
Capital, Sunstone Capital,
Experian Ventures,
TechStars/Barclays
Accelerator, and SparkLabs
Global Ventures.
The Next 10
 On Chicago

"There’s never been a better time to start a

business in Chicago. Unrivaled access to top
engineering and entrepreneurial talent, a robust
seed and pre-seed funding ecosystem, an
abundance of mentors. And all this in the most
livable city in the United States. Breakout
companies such as Project44, Cameo, SpotHero
continue to emerge as our startup ecosystem Alan has played key roles in
matures.” acquiring, investing in, and
founding more than 10
small businesses over the
Alan Warms, last 20 years. He also
Co-founder & President at founded BuzzTracker.com
and associated
Participate Capital technologies and sold to
Yahoo! in 2007 where he
subsequently ran Yahoo!
News, Technology and
Education.
 On Singapore

“Singapore has steadily built a robust ecosystem

for startups over the past decade which has
resulted in late stage regional startups, venture
capital funds and corporations setting up their
headquarters in the city-state. Singapore has
positioned itself successfully as the startup hub for
Southeast Asia.”

Michael Lints is a partner Michael Lints

at Golden Gate Ventures. Partner at
Michael has helped raise
over $60M USD for Golden Gate Ventures
Golden Gate Ventures
and its portfolio
companies. In 2018
Michael joined the
Kauffman Fellowship
program in the U.S.
 On Shenzhen
“Shenzhen is without a doubt the heart of the new Silicon
Valley of Asia aka The Greater Bay Area. With everyone
discussing the future, Shenzhen is already living in it with
5G hardware and networks, a proliferation of electric
vehicles, complete mobile payments within a cashless
society, and a sandbox for creating the future in many
different verticals, Shenzhen has already found a way to
build that within China and will be a model for every
Casey Lau co-founded other city on the planet that cares about building the
StartupsHK over ten
years and is a pioneer
future. Shenzhen will still be reliant on Hong Kong for
of the Hong Kong global finance but everything else will be developed in
tech scene. He is also Shenzhen for the world. It’s a new dawn for this city as it
the Co-host of RISE,
which is Web has overtaken Shanghai, Hong Kong and Guangzhou in
Summit's Asia the top tech cities of China.
conference. Casey is
Managing Partner at
Dimsum Ventures, an Casey Lau
Asia-based proptech
fund.
Co-founder, StartupsGBA
 On Taipei

"Taipei has a startup ecosystem full of deep-tech

and e-commerce startups with a rich culture of
local and expat founders. Taipei provides a
playground where you will find talented HW/SW
engineers, excellent manufacturing, affordable
rent, and a large pool of resources (governmental
and private).”

Yadia Colindres, FOX-TECH is digitally

transforming F&B
Co-founder & COO at businesses operations and
FOX-TECH CO increasing the food safety
and storage through their
IoT platform with data
analytics. The company
was part of SparkLabs
Taipei’s first batch.
 On Berlin

“Berlin is a great place to start a business. You will

find a diverse and mature startup scene covering
the entire lifecycle from angel funding to growth
capital funding. Affordable living, English as a
common language, and the geographical position
between Eastern and Western Europe attract
numerous international professionals and
Christian is a Partner at millennials. Overall an exciting city to live and work
e.ventures in the Berlin. in.”
Previously, Christian was
leading the international
expansion at Christian Miele
Kreditech.com. Prior to
that, Christian exited Partner at e.ventures
mobile marketplace
Todaytickets.de, which he
founded alongside German
media conglomerate
ProsiebenSat.1 AG.
 On Shenzhen
"The Greater Bay Area is the only hub in the world
that houses world-class cities in financial services,
manufacturing, supply chain and logistics, all within
driving distance. The region is home to 5% of the
Chinese population, but represents 12% of the
country’s GDP. Hong Kong and Shenzhen in
particular have become leading technology hubs in
Asia, supported by a deep talent pool in industry as
well as technology. I believe the Chinese William Chu is our Managing
government is committed to making the GBA a Partner at SparkLabs FinTech
and oversees our Ping An
home for domestic as well as international talent, Cloud Accelerator Powered
and in due time will challenge for the top spot by SparkLabs. Previously,
Executive Director at Zheng
globally.” He Capital, a private equity
firm focused on fintech and
William Chu healthcare, where he was the
lead investor in US$500M
Managing Partner at Series A of Ping An Good
SparkLabs Fintech Doctor.
About SparkLabs Group
www.sparklabsglobal.com
 SparkLabs Group is a network of startup accelerators and venture
capital funds, which was founded in 2013.
Founded in 2013, SparkLabs Group (www.sparklabsgroup.com) comprises of
accelerator operations in Seoul (1st launched in Dec 2012), Beijing, Shenzhen,
Taipei, and Sydney; new accelerators in Muscat, Oman, Washington D.C., and
with Arizona State University in Tempe, AZ; SparkLabs Global Ventures, a global
seed-stage fund; SparkLabs Capital, a late stage investment vehicle, and
SparkLabs Ventures, our early-stage fund for South Korea and SE Asia.

Our team previously has led investments in Siri (sold to Apple), DeepMind
(sold to Google for over $500M), Ping An Good Doctor ($7.45 billion IPO),
Spotify (board member), Studio Ex (co-founded, sold to Disney), Hostway (co-
founded, sold to a PE fund) and co-founded such companies as Coupang and
Kiva.org.
Sweden Nigeria India We have invested in over 260
companies through all of our
entities and across 6 continents
since 2013. Here is a selection
of our investments.
USA

takko

United Kingdom

Australia Peru Saudi Arabia Brazil

Israel Ireland France Malaysia Ireland

South Korea

Singapore Taiwan

Vietnam Hong Kong

Thank you!

www.sparklabsgroup.com