Asia’s startup ecosystem had been on the ascendance over the past few years. According to a study backed by Vertex Venture Holdings and Preqin, Asia could overtake North America as the epi-center for venture capital funding next year. Asia VC funds had USD 323 billion worth of assets under management (AUM) at the end of last year vs North American VC funds which had USD 397 billion. With more unicorns in China than the US, it is not surprising that the bulk of the Asian funds are focused on China. However, Southeast Asia already have USD 28 billion AUM and attracting Chinese and Japanese investors to the region.

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