VENTURE CAPITAL in SOUTHEAST ASIA Alternative Assets

VENTURE CAPITAL IN SOUTHEAST ASIA alternative assets. intelligent data. VENTURE CAPITAL IN SOUTHEAST ASIA Using data from Preqin’s Venture Capital Online database, we profile the burgeoning venture capital industry in Southeast Asia, looking at fundraising, funds in market, deals and exits and investors in the region.

Fig. 1: Southeast Asia-Focused Venture Capital Fundraising, Fig. 2: Five Largest Southeast Asia-Focused First-Time Venture 2007 - 2017 YTD (As at August 2017) Capital Funds in Market (As at August 2017) 16 1,200 Target Fund Firm Type 14 Aggregate ($mn) Capital Raised Size ($mn) 14 13 1,000 Insitor Impact Asia Swiss-Asia 12 Early Stage 500 12 Fund Financial Services 10 10 800 10 Venture Capital FullCycle Energy FullCycle Energy 300 8 (All Stages) 8 7 600 6 I-4 Capital 6 I-4 Investment Fund I Early Stage 150 5 400 Partners 4 No. of Funds Closed of Funds No. 4 Credera Myanmar The Credera Venture Capital 200 Frontier Opportunity 100 2 Group (All Stages) 1 Fund 0 0 Venture Capital Iron Pillar Fund I Iron Pillar 100 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 (All Stages) YTD Year of Final Close Source: Preqin Venture Capital Online No. of Funds Closed Aggregate Capital Raised ($mn) Source: Preqin Venture Capital Online

Fig. 3: Venture Capital Deals in Southeast Asia by Industry, Fig. 4: Top Southeast Asian Countries by Venture Capital Deal 2017 YTD (As at August 2017) Activity, 2017 YTD (As at August 2017) Aggregate Deal 120 1,800 Industry No. of Deals 1,707 Value ($mn) 107 1,600

Internet 98 1,088 100 Aggregate Deal Value ($mn) 1,400 IT - Software & Related 51 132 Telecoms 39 179 80 1,200 Business Services 9 1,362 943 1,000 60 55 Healthcare 6 24 800

IT - Other 6 - of Deals No. 40 600 Cleantech 3 14 23 400 Industrials 3 31 20 13 Consumer Discretionary 3 7 110 10 200 29 59 Food & Agriculture 2 1 0 0 Real Estate 1 15 Singapore Indonesia Malaysia Philippines Thailand Source: Preqin Venture Capital Online No. of Deals Aggregate Deal Value ($mn) Source: Preqin Venture Capital Online

Fig. 5: Venture Capital Deals in Southeast Asia, Fig. 6: Venture Capital-Backed Exits in Southeast Asia, 2007 - 2017 YTD (As at August 2017) 2007 - 2017 YTD (As at August 2017) 400 4,000 30 700 374 365

350 3,500 Aggregate Deal Value ($mn) 25 600 25 23 Aggregate Exit Value ($mn) 300 3,000 500 242 250 2,500 20 18 213 221 17 200 2,000 400 15 12 No. of Deals No. 150 122 1,500 300 No. of Exits No. 100 1,000 10 68 8 200 53 7 50 31 32 500 5 28 4 4 5 100 0 0 2 0 0 2007 2008 2009 2010 2011 2012 2013 2015 2016 2014 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2017 YTD 2017 YTD No. of Deals Aggregate Deal Value ($mn) No. of Exits Aggregate Exit Value ($mn) Source: Preqin Venture Capital Online Source: Preqin Venture Capital Online

Fig. 7: Five Largest Venture Capital Deals in Southeast Asia, 2017 YTD (As at August 2017) Deal Size Portfolio Company Industry Location Investment Stage Investor(s) ($mn) Go-Jek Indonesia Business Services Indonesia Unspecified Round Tencent 1,200 Cathay Financial Holding Co., Farallon Capital Management, GDP Venture, Sea Limited Internet Singapore Series E/Round 5 550 Hillhouse Capital Management, JG Summit Holdings, Uni-President Enterprises Corp. Traveloka Group of Companies Internet Indonesia Unspecified Round Expedia 350 Go-Jek Indonesia Business Services Indonesia Unspecified Round Tencent 100 Catcha Group, Evolution Media Partners, iFlix Sdn Bhd Telecoms Malaysia Unspecified Round 90 Liberty Global, Sky PLC, Zain Group Source: Preqin Venture Capital Online

Fig. 8: Five Largest Venture Capital-Backed Exits in Southeast Asia, 2017 YTD (As at August 2017) Portfolio Company Industry Location Exit Type Acquirer(s) Exit Value ($mn) Lazada Internet Singapore Trade Sale Alibaba Group 500 ViKi Software & Related Singapore Trade Sale Rakuten, Inc. 200 Singular ID Other IT Singapore Trade Sale Bilcare Singapore Pte. Ltd. 139 Packet One Networks Telecoms Malaysia Trade Sale Telekom Malaysia 107 Nonstop Games Software & Related Singapore Trade Sale King.com 90 Source: Preqin Venture Capital Online

Fig. 9: Most Active Southeast Asia-Focused Venture Capital Investors by Number of Known Fund Commitments, 2007 - 2017 YTD (As at August 2017) Assets under No. of Known Investor Type Location Management Commitments ($bn) International Finance Corporation Government Agency Washington, US 88.3 13 Temasek Holdings Sovereign Wealth Fund Singapore 202.8 7 Netherlands Development Finance Company Government Agency The Hague, Netherlands 10.6 6 (FMO) Malaysia Venture Capital Management Government Agency Kuala Lumpur, Malaysia 0.2 6 National Research Foundation Government Agency Singapore - 6 CDC Group Government Agency London, UK 5.2 5 Mandaluyong City, Asian Development Bank Government Agency 55.3 5 Philippines Partners Group Private Equity Fund of Funds Manager Baar-Zug, Switzerland 57.0 4 San Francisco Employees' Retirement System Public Pension Fund San Francisco, US 21.0 4 TIAA Private Sector Pension Fund New York, US 938.0 4 PKA AIP Public Pension Fund Copenhagen, Denmark 39.9 4 Ekuiti Nasional Berhad Government Agency Selangor, Malaysia 1.0 4 Kumpulan Wang Persaraan Public Pension Fund Kuala Lumpur, Malaysia 29.7 4 Source: Preqin Venture Capital Online

VENTURE CAPITAL DATA AND INTELLIGENCE

Preqin tracks all aspects of the venture capital industry, with comprehensive data on institutional investors, fundraising, fund managers, fund terms and conditions, fund performance, deals and exits, service providers and more.

Get in touch today to find out how Preqin’s venture capital data can help you:

: [email protected] | : www.preqin.com/venturecapital