South Korean early-stage accelerator Big Bang Angels is seeking to raise a $20-million venture capital fund focused on deep tech startups in Southeast Asia, according to a top executive with the firm.
The proposed vehicle, named Big Bang Ventures SEA Deep Tech Fund, will allocate 70 per cent of proceeds in deep-tech companies while targeting to deploy 30 per cent for investments in service platform firms (machine learning, big data, cloud tech base).
