The Most Well-Funded Tech Startups In Asia & The Pacific
Six of the 19 companies featured in below map are unicorns valued at $1B or more. Again - unicorns seem not to be so rare as we could expect :D
Since 2012, over $285B has been invested across over 11,200+ equity deals to tech startups in Asia and the Pacific region, which stretches from China to New Zealand.
This includes investment in leading tech companies such as:
payments giant Ant Financial Services Group in China (the most well-funded company on our map),
on-demand logistics unicorn company GO-JEK in Indonesia,
and Preferred Networks in Japan (the unicorn with the least equity funding on our map).
CB Insights identified the most well-funded VC-backed tech startups in the Asia-Pacific region, based on disclosed equity funding. Collectively, the startups on the map have raised nearly $39.5B in disclosed equity funding (as of 9/3/2019).
To give a robust picture of the top tech startups in the region, report included Hong Kong and Taiwan separately from China.
KEY TAKEAWAYS
The most well-funded startup across Asia and the Pacific is payments company Ant Financial Services Group in China, with over $19B in total disclosed equity funding.
Rounding out the top 3 most well-funded startups in the region are on-demand ride hailing company Grab in Singapore ($8.1B in total disclosed equity funding) and Coupang in South Korea (3.8B).
Six of the 19 companies featured in our map are unicorns valued at $1B+ (all tracked in real-time on the CB Insights global unicorn club tracker): Grab ($14.3B, Singapore), GO-JEK ($10B, Indonesia), Coupang ($9B, South Korea), Olacabs ($6.2B, India), Preferred Networks ($2B, Japan), and Klook ($1B, Hong Kong).
The region is home to 19 countries or regions in which the most well-funded tech startup has raised at least $1M in funding. Five companies have raised more than $1B, and only Ant Financial has raised more than $10B in total equity funding.
The least well-funded startup on the map is Sri Lanka-based oDoc, which has raised $1.1M in seed funding.
CompanyTotal equity funding ($M) Country
Ant Financial Services Group 19,145 China
Grab 8,100 Singapore
Coupang 3,844 South Korea
Olacabs 3,408 India
GO-JEK 3,335 Indonesia
Klook 521 Hong Kong
iFlix 348 Malaysia
Campaign Monitor 251 Australia
Preferred Networks 152 Japan
MoMo 134 Vietnam
KKBox 118 Taiwan
aCommerce 96 Thailand
Vend 48 New Zealand
Zameen 31 Pakistan
First Circle 29 Philippines
Shohoz 15 Bangladesh
CloudFactory 10 Nepal
Oway 5 Myanmar
oDoc 1 Sri Lanka
Source: CB Insight