A Market Map of East and Southeast Asian Investors in MEAPT in 2022 showing investors from each country, 5-year evolution of East and Southeast Asian investors in the Middle East, Africa, Pakistan and Turkey region, and the top five investors by number of deals in 2022.
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The MEAPT VC ecosystem saw a growing interest from international investors over the past few years with the share of international investors to total active investors consistently on the rise to stand at 53% in 2022. While US-headquartered investors are taking over the biggest chunk of non-MEAPT investors, the ecosystem is seeing a rising appetite from East and Southeast Asian investors which stood at a record breaking 90 in 2022, rising by an annual 41%. While investors from Japan reigned over the top five in terms of total deals closed in 2022, it came in second with a share of 17% of total East and Southeast Asian investors in MEAPT. Singapore had the biggest numbers of investors participating in deals in MEAPT adding up to 41, with Antler participating in four deals for an estimated deployed capital of $4M.
Investors from East and Southeast Asia diversified their industry portfolio, however, deals closed by FinTech, Gaming, Transport & Logistics, IT Solutions and E-commerce ranked in top five positions of interest for investors from the aforementioned region. MEAPT leader FinTech saw a remarkable appetite with East and Southeast Asian investors contributing to deals from different geographies of the region including but not limited to Floatpays, Sudo, Kuunda, Mamo, Zid and NayaPay. Interestingly, gaming attracted interest with East and Southeastern investors taking part in deals for Nigeria’s Stakefair, Metaverse Magna and Jordan’s Tamatem Inc. among others.
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Japan took over three of the top five investor spots in 2022. Top ranking Kepple Africa Ventures, SAMURAI Incubate and Uncovered Fund mostly contributed to deals closed by African-based startups. China’s MSA Novo had a more diversified portfolio with deals spread across startups from the Middle East with 56% of total deals, Africa with 33% and Pakistan with 11%. Hong Kong’s Alameda Research had 83% of the deals in startups from Sub-Saharan Africa while the remaining were for Turkey-based startups.
Kepple Africa Ventures - Nine Deals
Kepple Africa Ventures is a Japan-headquartered Venture Capital firm established in 2019. With a portfolio spanning 103 companies across 11 African countries, the VC firm topped East and Southeast Asian investors in MEAPT in 2022, as it invested in nine deals closed by African-based startups. These include Nigeria's Beacon Power Services, Stakefair, Seso Global, African Valuables Collective (AVC) and Sudo in addition to Egypt's Cartona deal, South Africa's Kuunda and FloatPays deals and Uganda's Paps deal.
MSA Novo - Seven deals
MSA Novo is a China-headquartered Venture Capital firm. Its portfolio includes 50+ companies across 14 different countries in LATAM, Africa, MENA and India. In 2022, MSA Novo invested in seven deals in the MEAPT region, four of which were FinTech startups including Nigeria Sudo and Nestcoin, Pakistan's NayaPay and UAE's Qashio.
SAMURAI INCUBATE - Seven Deals
SAMURAI INCUBATE is a Japanese venture capital firm with strong conviction for founders in Africa. Samurai Incubate started investing in African startups in 2018. SAMURAI INCUBATE invests $100,000-300,000 as an initial check in Pre-SEED and SEED stage companies. The VC firm invested in seven deals in 2022 which included Egypt's welnes, The Food Lab and Kenz, Kenya's MyHealth Africa and Leta, and Nigeria's NoreBase and OnePort 365.
Alameda Research - Six Deals
Alameda Research is a Hong Kong-headquartered quantitative cryptocurrency trading firm and liquidity provider. The firm manages over $70M in digital assets and trades across thousands of products: all major coins and altcoins, and their derivatives. With an established presence in the Hong Kong, United States, and Japan, we have a full-scale global operation with the ability to trade on every market, on every exchange.
Uncovered Fund - Six Deals
Uncovered Fund is a Japan-based Venture Capital firm focused on emerging markets. The firm patricpates mostly in deals closed by Sub-Saharan African-based startups. In 2022, it participated in six deals which were all in Nigeria and Kenya.
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