TVSG co-founders Jiwon Moon (left) and Changseong Ho (right)
Jiwon Moon and Changseong Ho, founders of US-based video streaming company Viki, has launched a venture builder to invest in Southeast Asia’sAsia’s startups.
TheVentures Singapore (TVSG) will invest in e-commerce, community, fintech, O2O, biotech, healthcare, foodtech and sustainability.
“We aim to help over 100 high-growth startups incorporate or relocate to Singapore within the next five years,” said Changseong Ho, co-founder of TVSG.
Leveraging Singapore as the base camp, TVSG will create a new incubation system to strengthen early-stage, high-growth tech startups in terms of their intellectual properties, business models, and global expansion strategies.
“The country [Singapore] is well positioned with an ecosystem that is driven by finance and innovation, which helps to facilitate the cross-pollination of businesses and technologies internationally,” said Jiwon Moon, co-founder of TVSG.
The duo’s objective is to replicate the success of TheVentures in South Korea, which is backed by blue-chip LPs and investors, including Kakao, NCSoft and Com2Us. Since 2014, the firm has taken stakes in over 100 startups and possesses a portfolio value exceeding US$1 billion.
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Ho and Moon founded Viki in Silicon Valley when they were studying at Harvard and Stanford. The startup was later acquired by Rakuten for a reported US$200 million in 2013, after six years of operations.
Besides TVSG, the duo also runs Impact Collective, a community-driven impact investment programme aiming to evaluate the social impact of startups.
Heading forward, Moon and Ho unveil their plans to expand Community Alliance Network (CAN), a SaaS tool for entrepreneurs without an in-house tech team, and CANnovate, a SaaS-powered startup incubation programme targeted at entrepreneurs in the community, education, and commerce sectors.
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Image Credit: TheVentures
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