S Korea's Big Bang Angels seeks to raise $20m SEA-focused deep tech fund

S Korea's Big Bang Angels seeks to raise $20m SEA-focused deep tech fund

Photo: Franck V./Unsplash

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).

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