Southeast Asia to witness more acquihiring: Access Ventures’ Charles Rim

Central Park, Jakarta, Indonesia. Photo by Severinus Dewantara on Unsplash

The demographics and talent pool of Indonesia and Vietnam are the key reasons for Access Ventures to select these markets to focus on in Southeast Asia, said an executive at the South Korea-based venture capital firm.

Access Ventures’ portfolio in Southeast Asia includes fintech firm Moca, Kata.ai, Omni Labs, Kofera and Ecotruck. The firm closed its debut fund in September 2018.

In an interaction with DEALSTREETASIA, Access Ventures partner Charles Rim said the VC firm is also drawn to the region due to more acquisitions happening in the region that provide an exit route for venture capital.

“One of the reasons we launched our fund is that one of the biggest improvements happening in Southeast Asia is the exit environment,” Rim said, adding that large global and regional corporations are eyeing Southeast Asia for investment deals. An increasing part of it will be acqui-hiring, as they will need talent for expansion in the region.

Access Ventures is also investing in Korean and US startups with a Southeast Asia strategy. Rim said the firm planned to raise its second fund this year, with a strong focus on Southeast Asia.

Edited excerpts:

Continue reading this story with a subscription to DealStreetAsia.

Subscribe

Contact us for corporate subscriptions at subs@dealstreetasia.com.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.