Ten years ago, we signed a lease for a small room in a quiet building in #Singapore.
Today, we are pleased to announce the launch of our first dedicated SEA fund, Sequoia SEA Fund I, a $850 million corpus that we will use to partner with the next generation of founders on a mission to build enduring companies from the region.
Over these years, our portfolio companies in Southeast Asia have often left us in awe about the depth of the market opportunity. From Gojek, Tokopedia and Traveloka’s rapid emergence, to leading the consumer internet revolution in Indonesia and Southeast Asia, to Kopi Kenangan’s ascent as a consumer brand, we have been surprised by the depth of the ecosystem in Indonesia. And with the global success of Biofourmis, Insider. and Appier as AI pioneers, we are excited to see these “SEA to global” technology companies emerge. In the last couple of years, we have witnessed the emergence of a thriving web3 ecosystem and also seeing new waves of innovation in markets like #Vietnam, #Philippines, #Thailand and #Malaysia.
What started as a small experiment has now expanded into Sequoia Southeast Asia - an office of over 40 people across 12 nationalities, a large portfolio of seed, venture and growth investments, and a hub for programs like Surge and Spark, all driven by a growing conviction in the potential of our markets.
With the new fund, Sequoia Southeast Asia will continue to invest actively at the #seed, #SeriesA, and growth stages in companies across our region, while we double down on initiatives to collaborate across our ecosystem. We look forward to partnering with more of the daring founders of today to thrive in the largest markets of tomorrow. 🙌🏼
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Congratulations. Can you no do one for the Mysore region. The startup and the business ecosystem is growing in Mysore region too.