The situation for Australian founders seeking investment is slowly but steadily improving, with a number of funds launching over the last year to give local startups greater access to funding.
The latest to enter the scene is Qualgro, a new venture capital firm that invests in sectors that it believes are vital to the growth of the Southeast Asian and Asia Pacific Regions.
The firm last year closed a US$50 million fund, and is looking at marketplace and Saas-based ventures, focusing on the health, education, logistics, communication, and fintech sectors.
The firm is led by Heang Chhor, a former director and senior partner at McKinsey, Jason Edwards, a former partner at Baker & McKenzie and Clearwater Capital Partners, and Peter Huynh, cofounder and former director of Optus Innov8 and technology M&A lead at Singtel Group Digital Life.
Having made six investments to date – three have been announced – the fund is focused on Series A and B rounds, with its smallest announced investment so far being US$750,000 and the largest US$3 million. The announced investments include Mobikon, a customer engagement and marketing platform for restaurants and NoBroker, a peer-to-peer rentals site that just closed a $10 million Series B.
With Qualgro now actively looking to invest in Australian startups, Startup Daily has teamed up with Sydney coworking community Fishburners to host a talk with Huynh about Qualgro and what the fund means for local startups on Wednesday morning.
Chatting to Startup Daily’s Mat Beeche, Huynh will discuss the fund’s investment approach and geographic coverage, what Qualgro looks for when assessing potential investments at various lifecycle stages, and give some insights into the differences between the startup ecosystems in Southeast Asia.
Huynh will also be answering audience questions.
Book your free ticket to the talk here.