Alt Investments

What's New In Investments, Funds? - XA Network

Editorial Staff, 21 April 2021


The latest offerings in investments, such as funds and structured products, and other notable developments.

Southeast Asia member investment group XA Network has tapped ex-Microsoft and Room to Read founder John Wood, YouTube co-founder Steve Chen, Twitter VP Maya Hari, and ex-Google David Thevenon to  join  a new advisory board.

The network has grown from its angel roots to around 100 tech alumni from Alibaba, Gojek, Grab, Google, Amazon, Netflix, YouTube, and others, actively investing in start-ups across Southeast Asia.

It has around 30 start-ups in the portfolio across sectors, including mobility, healthtech, edtech, fintech, and social commerce. Participating investors are known for their hands-on style providing input on engineering, product management, marketing, and partnership building at young Asian-founded firms.

The network recently had its first exit in Singapore-based video-sharing service Lomotif, acquired for $125 million. Mentoring platform Tigerhall, also founded in Singapore, is another start-up receiving investment and support from XA, raising $2 million from the network last year.

"The XA Network brilliantly embodies Metcalfe's law [in that] the value of a network rises exponentially as the number of users grows. I believe this generation of technology leaders, by working together to support the start-up ecosystem in Southeast Asia, will have an immense impact on the region,” Wood said.

Overall, the digital economy in the region added $100 billion during the pandemic and is expected to grow to over $300 billion by 2025, with healthtech and edtech firms bidding to attract the largest inflows.

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