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Global Technology Trends & Top Ten Startup Hubs 2019

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Update report by SparkLabs Group (www.sparklabsgroup.com) that provides an overview of general technology trends, global venture capital trends, and startup trends around the world. Snapshots of the top 10 startup hubs in the world: Silicon Valley, NYC, London, Stockholm, Shanghai, Tel Aviv, Beijing, Seoul, Boston, and Los Angeles.

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Global Technology Trends & Top Ten Startup Hubs 2019

  1. 1. • Startup Trends in Asia • AV & AI Industry Trends • Mobile Industry Trends • Global VC Trends • Top Ten Startup Hubs 2019 CONTENT
  2. 2. Startup Trends in Asia
  3. 3. The global middle class is expected to grow to 4.9 billion people by 2030 and two-thirds will be in Asia. OECD defines “middle class” as households that spend $10-$100 per person each day. In 2009, there were 1.8 billion people in this middle class. Asia’s Rapidly Rising Middle Class
  4. 4. 67.1% 63.6% 56.8% 44.2% 39.1% 25.5% 25.4% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% South Korea Thailand Taiwan Indonesia Japan China India Percentage of total entrepreneurial activity Source: GEM Note: Asia; 2018; 18-64 years; about 2,000 per country; data is composed of the Adult Population Survey and the National Expert Survey Improvement-driven Opportunity Activity in Asia Improvement-driven opportunity activity in Asia during 2018
  5. 5. Source(s): KOTRA (Invest KOREA); KVCA Startup Investments in South Korea VC investee number in South Korea 2006-2018 617 615 496 524 560 613 688 755 901 1,045 1,191 1,266 1,399 0 200 400 600 800 1000 1200 1400 1600 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Numberofinvestees
  6. 6. Source(s): KISED; MSS Number of Startups in South Korea by 2018 Startups in South Korea by business age 520,297 402,369 308,413 241,327 206,614 174,111 148,543 0 100000 200000 300000 400000 500000 600000 1 year old 2 years old 3 years old 4 years old 5 years old 6 years old 7 years old Numberofcompanies
  7. 7. Source: Zero2IPO Number of New Startup Investments in China Number of new startup investments in China 2008-2018 607 477 817 1,505 1,071 1,148 1,917 3,445 3,683 4,822 4,321 0 1000 2000 3000 4000 5000 6000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Numberofnewventurecapital investments
  8. 8. Source: CB Insights China’s Leading Unicorn Companies Most valued unicorn companies in China 2019 75 56 12 10 6.6 5.8 6 5.7 5 5 0 10 20 30 40 50 60 70 80 Toutiao (Bytedance) Didi Chuxing Bitmain Technologies DJI Innovations Guazi (Chehaoduo) Lianjia (Homelink) Manbang Group EasyHome United Imaging Healthcare UBTECH Robotics Valuation in billion U.S. dollars
  9. 9. Source: EY Number of Startup Deals Across India in 2018 Startup financing deals in India by sector 2018 32 23 22 18 16 16 16 15 14 11 10 8 8 4 0 5 10 15 20 25 30 35 B2C (horizontal and vertical) FinTech HealthTech EdTech B2B Mobility Others Hyperlocal Social Online classifieds and services Logistics tech Wallets/ payments Travel and hospitality Gaming Number of deals
  10. 10. Source: World Bank Ease of Doing Business in India World Bank Ranking for India 2014-2018 53.97 54.68 55.27 60.76 67.23 52.6 54.6 56.6 58.6 60.6 62.6 64.6 66.6 68.6 2014 2015 2016 2017 2018 Easeofdoingbusinessscore
  11. 11. AV & AI Technology Trends
  12. 12. Autonomous Driving Market 2019 According to Allied Market Research, the global autonomous vehicle market is valued at $54.23 billion in 2019, and is expected to reach $556.67 billion by 2026, with CAGR of 39.47% from 2019 to 2026.
  13. 13. The top factors impacting the Autonomous Vehicle market include development of smart cities, rise in demand for connected cars using IoT, and high component cost. By geography, North America accounted for over two-fifths of the total market share in 2019. Europe is expected to grow at the fastest CAGR of 42.95% during the forecast period. Source: Allied Market Research Autonomous Driving Market 2019
  14. 14. “Global nations […] are competing against each other to be the place to not only develop but to deploy CAVs in the real world.” - Mike Hawes, CEO The Society of Motor Manufacturers and Traders (SMMT) Source: Connected and Autonomous Vehicles: Winning the Global Race to Market (2019) - SMMT Autonomous Driving Market 2019
  15. 15. AI Global Spending 2019 International Data Corporation (IDC) states that global spending on artificial intelligence (AI) systems will reach $37.5 billion in 2019, and is expected to grow by 2.5 times to $97.9 billion in 2023, with CAGR of 28.4% over the 2018-2023 forecast period. Retail and banking industries will lead spending on AI systems with over $5 billion each in 2019. The fastest spending growth will arise in media and governments.
  16. 16. The three largest use cases for AI systems – automated customer service agents, automated threat intelligence and prevention systems, and sales process recommendation and automation – will deliver 25% of all AI systems spending in 2019. AI Global Spending 2019
  17. 17. AI Global Spending 2019
  18. 18. Global VC funding in AI increased by 4x between 2015 and 2018, while enterprise investment in AI is expected to jump by 19x between 2018 and 2025. AI Global Spending Forecast
  19. 19. Mobile Industry Trends
  20. 20. According to Gartner, the worldwide shipments of PCs, tablets and smartphones are predicted to decline by 3.7% in 2019. After years of growth in the worldwide smartphone market, sales of smartphones will decrease by 3.2%, due mainly to the fact that the lifetimes of premium phones have increased. On the other hand, the share of 5G phones will increase from 10% in 2020 to 56% in 2023. Mobile Device Forecast 0 50 100 150 200 250 300 Total PC Market Ultramobiles, Premium Traditional PCs (Desk-Based and Notebook) Worldwide Device Shipments – PC, 2018-2021 (Millions of Units) 2018 2019 2020 2021 0 1000 2000 Total Device Market Mobile Phones Computing Device Market (Total PC Market + Ultramobiles, Basic and Utility) Worldwide Device Shipments - Computing Device & Mobile Phones, 2018-2021 (Millions of Units) 2018 2019 2020 2021 Source: Gartner (September 2019)
  21. 21. Global Connectivity in 2019 According to GSMA, global 4G connectivity will exceed half of connections in 2019, reaching up to 59% by 2025. 5G launches began in 2019. 5G will take up 15% of global connectivity by 2025.
  22. 22. With the U.S. and South Korea leading the way, 18 countries will have launched commercial 5G networks by the end of 2019. Global Connectivity in 2019
  23. 23. Global VC Trends
  24. 24. Global Venture Financing Trends In 2019, global VC investment remained solid despite a slight decline compared to 2018, with a large number of $100 million+ megadeals across the U.S., Americas, and Europe. Globally, VC-backed companies raised: $53.0B across 2,657 deals in Q1’19 $52.7B across 3,855 deals in Q2 ‘19 $55.7B across 4,154 deals in Q3 ‘19
  25. 25. Angel and seed stage deals and dollars have decreased since 2018. Also late stage investment dollars seemed to have decreased in 2019 even with supposedly increase of late-stage participation of non- traditional investors, such as hedge funds. We are waiting for the final count in 2019. Global Venture Financing Trends
  26. 26. Q3 2019 saw a diverse range of mega-deals across 9 cities in 5 countries where $5.7 billion was raised. The most capital raised was from Chinese startups totaling $2.33 billion during Q3 2019. Global Venture Financing Trends
  27. 27. Source(s): Thomson Reuters; NVCA Value of U.S. Venture Capital Investment in 2018 VC investment value by industry in 2018 46.82 17.38 6.8 5.87 5.4 2.63 2.28 1.75 1.37 40.63 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0 Software Pharma & Biotech HC services & systems HC devices & supplies Commercial services Comsumer goods & recreation IT hardware Energy Media Other* ValueinbillionsofU.S.dollars Value in billions of U.S. Dollars
  28. 28. Source(s): PwC; Thomson Reuters NVCA Value of US. Venture Capital Investments Value of U.S. venture capital investments from1995-2018 0 20 40 60 80 100 120 140 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 ValueinbillionU.S.dollars Value in billions of U.S. Dollars
  29. 29. Source(s): KPMG; PitchBook Note: Includes South, Central and North America Median Deal Size of Startups in the Americas by Stage The Americas: VC median deal size 2015-2017 by stage 0.7 0.9 1 4 5 6 10 10 11.2 0 2 4 6 8 10 12 2015 2016 2017* DealsizeinmillionU.S.dollars Angel/seed Early stage VC Later stage VC in millions of U.S. Dollars
  30. 30. AZ $539 million CA $77.3 billion CO $1.64 million CT $683 million D.C. $676 million FL $1.73 billion GA $1.14 billion IL $1.79 billion IN $368 million MA $11.8 billion MN $786 million NJ $732 million NY $14.3 billion NC $2.62 billion OH $1.03 billion PA $1.49 billion TX $2.69 billion VA $743 million WA $2.96 billion Top 20 States for Total Venture Capital Investments in 2018 Source(s): NVCA; PitchBook
  31. 31. Source: Dow Jones Equity Financings into Startups in the U.S. Equity financings into VC backed companies in the U.S. 2016-2019 0.04 0.55 0.01 0.08 0.06 0.04 0 0.03 0 0.04 0 0.02 0.12 9.43 11.6 7.54 10.06 12.56 14.31 13.22 14.92 18.53 17.8 17.96 13.65 18.72 2.86 2.51 2.12 4.14 3.34 3.79 3.22 4.95 3.65 4.92 3.01 7.71 4.32 2.45 3.25 2.34 3.47 3.43 2.47 3.63 4.48 4.24 4.99 5.14 3.37 4.53 0.22 0.17 0.23 0.35 0.43 0.4 0.4 0.47 0.54 0.54 0.51 0.3 0.46 -1.9 3.1 8.1 13.1 18.1 23.1 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 EquityfinancingsinbillionU.S.dollars Restart Later Second First Seed Value in billions of U.S. Dollars
  32. 32. Sources: PwC; Thomson Reuters; NVCA Value of VC Investment in the U.S. by Industry Value of venture capital investment in the U.S. Q2 2019 by industry 12,037 4,580 3,065 2,661 1,456 1,074 1,040 693 470 432 432 299 210 201 53 0 2000 4000 6000 8000 10000 12000 14000 Internet Healthcare M obile & Telecom m unications Softw are (non-internet/m obile) Autom otive & Transportation Com puterHardw are & Services Industrial Consum erProducts & Services Financial Food & Beverages Energy & Utilities Leisure Business Products & Services Electronics Agriculture ValueinmillionU.S.dollars in millions of U.S. Dollars
  33. 33. VC investment in Asia slowed significantly, while other regions, especially Europe, saw a strong increase in investment. In Q3, Europe already exceeded 2018’s record level of VC investment. Global Venture Financing Trends
  34. 34. Source: Dealroom.co Total Value of VC Investments in Europe Value of venture capital investments in Europe from 2013-2018 6.5 9.9 14.3 15.5 20.2 21.2 0 5 10 15 20 25 2013 2014 2015 2016 2017 2018 Inbillioneuros in billions Euros
  35. 35. Top Ten Startup Hubs 2019
  36. 36. Silicon Valley New York London Stockholm Seoul Tel Aviv Beijing Los Angeles Boston Top Ten Startup Hubs 2019 Shanghai
  37. 37. What defines a leading global startup hub? • Engineering Talent • Entrepreneurs / Mentors • Technical Infrastructure • Funding Ecosystem & Exits • Startup Culture • Legal & Policy Infrastructure • Economic Foundation • Government Policies & Programs Top Ten Startup Hubs 2019
  38. 38. Population of Top 10 Global Startup Hubs * population by metro area A view of San Fransokyo from Disney's 'Big Hero 6' Image Credit: Walt Disney Animation Studios 1. Silicon Valley 7.4 Million 2. Beijing 24.9 Million 3. Stockholm 2.2 Million 4. Tel Aviv 4.1 Million 5. New York City 20.2 Million 5. Shanghai 34.9 Million 7. Los Angeles 18.7 Million 7. Seoul 25.7 Million 9. Boston 8.3 Million 10. London 14.2 Million Top Ten Startup Hubs 2019
  39. 39. “Entrepreneurship ecosystems are developing all over the globe – but no place is like Silicon Valley where ideas, ambitions, capital and experience still come together in a unique, catalytic way that fosters the creation of exceptional startups.” Jeff Clavier, Founder & Managing Partner of Uncork Capital On Silicon Valley Uncork Capital is a pioneer in the micro- VC market. Founded in 2004 as SoftTech VC, we raised one of the very first institutional Seed funds in 2007: $15M Fund II. Now deploying our $100M sixth fund, we have invested in over 200 companies, including Mint, Eventbrite, SendGrid, Fitbit, Vungle, Postmates, Poshmark, Front, LaunchDarkly and others.
  40. 40. Unicorns of Top 10 Global Startup Hubs Our definition of a “unicorn”: Current Private Companies Valued at $1B+ (Sources: CB Insights, Hurun Research Institute) 1. Silicon Valley 111 Unicorns 2. Beijing 98 Unicorns 3. Stockholm 3 Unicorns 4. Tel Aviv 5 Unicorns 5. New York City 29 Unicorns 5. Shanghai 51 Unicorns 7. Los Angeles 15 Unicorns 7. Seoul 11 Unicorns 9. Boston 12 Unicorns 10. London 12 Unicorns Top Ten Startup Hubs 2019
  41. 41. “Silicon Valley is the best place in the world to scale a startup. Once a startup hits product- market-fit, it should absolutely have a presence in the Valley to benefit from the knowledge and resources about scaling.” Ben Casnocha, Partner at Village GlobalBen is Co-author of the #1 New York Times bestselling career strategy book “The Start-Up of You: Adapt to the Future” (with Reid Hoffman). At 14, he was Founder of Comcate, an e- government technology firm. On Silicon Valley
  42. 42. 111 Unicorn Startups in Silicon Valley Silicon Valley
  43. 43. “Beijing is great for startups because it's not only the center for tech, business, politics and culture in China, but also has a large early adoption market for new technology and consumer trends. The city is littered with co- working spaces and events for startups. VCs are hungry to invest in great companies. Besides Silicon Valley, Beijing is the next most vibrant place for startups.” Anna Fang, CEO & Partner of ZhenFund Anna is Head of the largest seed fund in China with over $500 million AUM. Since starting the fund in 2011 with Xu Xiaoping, Anna has managed the fund’s over 300 early stage investments. On Beijing
  44. 44. 98 Unicorn Startups in Beijing Beijing
  45. 45. “Israel is en route to breaking a record in fundraising in 2019, with almost a billion in capital raised by startups in September alone. The combination of entrepreneurial technical talent, availability of venture capital, and over 350 multinational R&D centres operating in the country, make Israel a unique startup ecosystem. The fact that the Israeli market is negligible, also contributes to Israeli startups thinking global from day one.” Eze Vidra, Co-founder & Managing Partner at Remagine Ventures Eze is Co-founder and Managing Partner at Remagine Ventures. Previously, he was a General Partner at Google Ventures (GV), the European head of Google for Entrepreneurs and the founding head of Campus London, Google’s first physical hub for startups. On Tel Aviv
  46. 46. 5 Unicorn Startups in Tel Aviv Tel Aviv
  47. 47. “Israel is a unique hub. It’s where different ethnicities mix, where kids fresh out of high school are entrusted with the most technological advanced defense systems in the world and quickly fall in love with technologies and comradeship. It’s a hub that embraces entrepreneurship, is not shaken by failures and encourages perseverance and never giving up. Meetups, street fairs, conferences, accelerators, shared spaces all play a role in cultivating this amazing ecosystem. The open, easily accessible and helpful local entrepreneurs community is the most fertile soil for anyone attempting to turn a cyber, medical, AI, agritech, fintech, media or any other vision into a thriving startup.” Ariel Yarnitski Entrepreneur, Advisor, Investor On Tel Aviv Ariel is a Founder, CEO and GM of ground breaking products and technologies touching the lives of over 1 billion users worldwide. Products such as ICQ (the pioneering global instant messaging platform), Speedbit (data, download and video acceleration platform with over 400 million users); and others.
  48. 48. “The Stockholm startup ecosystem is on fire, with Spotify, Mojang, King and Klarna leading the way. A new generation of companies that includes Truecaller, Lifesum and Trustly are following in their footsteps. Stockholm's secret sauce is a mix of great products, engineering skills, Nordic design and a culture of going international from day one. This is attracting people and capital from all over the world and reinforcing the fact that Stockholm is one of the best places in Europe to build a startup.” Henrik Torstensson, CEO of Lifesum Lifesum is digital health startup that offers its users a flexible platform to support and encourage a healthy, balanced lifestyle. They have won Best of App Store 3 years in a row. Their investors include Nokia Growth Partners, Bauer Media, and SparkLabs Global Ventures. On Stockholm
  49. 49. 3 Unicorn Startups in Stockholm Stockholm
  50. 50. “Los Angeles occupies a unique position as the center of the global entertainment industry. Companies who want access to content, talent and media knowledge are all locating offices here. Los Angeles also has a rich set of experienced entrepreneurs, angel investors and venture capital that can help new companies scale and grow.” Sam Wick, Head of UTA Ventures Sam is currently Head of UTA Ventures. Previously he was EVP & GM, Enterprise at Maker Studios, which was acquired by Disney in 2014. On Los Angeles
  51. 51. 15 Unicorn Startups in Los Angeles Los Angeles
  52. 52. “The NY Tech scene is now almost completely unrecognizable to what it was in the aughts. MarTech / AdTech and Fintech are still very strong anchors, however now you have a significant number of successful consumer and enterprise cohorts outside of this realm, widening the startup sector spectrum here, and the money is following. It’s an exciting time indeed for NY Tech right now!” Carter Adamson, Partner at Atomico Carter Adamson is a Partner at Atomico. He co-founded the online music service Rdio, and Sum, a health and wellness wearable startup. He was head of product at Skype, a senior program manager at ICQ whilst they were hitting their stride, and was director of product strategy at AOL during its peak. On NYC
  53. 53. 29 Unicorn Startups in New York City NYC
  54. 54. “New York's technology and venture ecosystem continues to evolve at a steady pace. The richness of talent combined with the diversity of industry provides limitless potential. And let's face it, there is no place like the Big Apple!” Craig Shapiro, Founder & Managing Partner at Collaborative Fund Craig Shapiro is an entrepreneur and investor at Collaborative Fund. He helped pioneer several mobile and interactive television initiatives in the U.S., including the first multi- carrier live voting in Super Bowl XXXVI.. Previously, he was President of GOOD magazine. On NYC
  55. 55. 51 Unicorn Startups in Shanghai Shanghai
  56. 56. “The biggest advantage of the Seoul startup ecosystem is in the people. More and more top tier talent are joining startup companies. They show an intense commitment to a team and do their part quickly, actively with an enthusiastic tendency that is a strength of Korean professionals. With its high purchasing power and population density, Seoul is particularly competitive, but it is still the best environment for developing startup ideas.” Mihee Kim, Founder & CEO of Tutoring On Seoul Mihee Kim is the Founder & CEO of Tutoring, which is a portfolio company of SparkLabs Korea.
  57. 57. 11 Unicorn Startups in Seoul Seoul
  58. 58. “In my mind, the two most important factors that makes Seoul one of the best ecosystems for startups is its people and infrastructure. In a city where 40% of the population of South Korea is living in Seoul, the population has experienced internet speeds years ahead of any other city in the world which in turn has produced a technically savvy work force and customer base. It is no coincidence that many businesses such as SNS and mobile social gaming were successful in Korea many years before it became globally popular. Because it is the most connected city in the world, entrepreneurs can offer services now that may not be possible anywhere else until later when internet speed and/or user adoption catches up.” Chris Koh, Co-founder of SparkLabs Ventures & Co-founder of Coupang Chris is Co-founder of Coupang, which is the leading ecommerce company in South Korea. They recently raised $3 billion from Softbank and previously raised capital from Sequoia Capital Global Equities, BlackRock Private Equity, and others. On Seoul
  59. 59. 12 Unicorn Startups in Boston Boston
  60. 60. “The Boston talent pool is unrivaled and the community is very hungry for breakout companies. While there can be disadvantages to being outside the hype zone, I love that it provides space to focus and build transformational products. And I love that the community rallies around emerging companies more than I've seen in any other city.” Pat Kinsel, Founder & CEO of Notarize Pat is Founder & CEO of Notarize and a Venture Partner at Polaris Partners. He was Co- founder & CEO of Spindle, which was acquired by Twitter in 2013. On Boston
  61. 61. 12 Unicorn Startups in London London
  62. 62. "London has a unique combination where in one single city there is strong concentration of deep technical talent alongside people with business experience across multiple sectors and it's also the seat of government and regulation. For the new wave of startups coming up that are tackling real world issues, it's an ideal starting ground to coordinate across all these domains.” Aneesh Varma, Co-founder & CEO of Aire Aire gives people a new credit score to help them qualify for essential financial products. The company’s investors include Crane Ventures, White Star Capital, Sunstone Capital, Experian Ventures, TechStars/Barclays Accelerator, and SparkLabs Global Ventures. On London
  63. 63. The Next 10
  64. 64. "There’s never been a better time to start a business in Chicago. Unrivaled access to top engineering and entrepreneurial talent, a robust seed and pre-seed funding ecosystem, an abundance of mentors. And all this in the most livable city in the United States. Breakout companies such as Project44, Cameo, SpotHero continue to emerge as our startup ecosystem matures.” Alan Warms, Co-founder & President at Participate Capital Alan has played key roles in acquiring, investing in, and founding more than 10 small businesses over the last 20 years. He also founded BuzzTracker.com and associated technologies and sold to Yahoo! in 2007 where he subsequently ran Yahoo! News, Technology and Education. On Chicago
  65. 65. “Singapore has steadily built a robust ecosystem for startups over the past decade which has resulted in late stage regional startups, venture capital funds and corporations setting up their headquarters in the city-state. Singapore has positioned itself successfully as the startup hub for Southeast Asia.” Michael Lints Partner at Golden Gate Ventures Michael Lints is a partner at Golden Gate Ventures. Michael has helped raise over $60M USD for Golden Gate Ventures and its portfolio companies. In 2018 Michael joined the Kauffman Fellowship program in the U.S. On Singapore
  66. 66. “Shenzhen is without a doubt the heart of the new Silicon Valley of Asia aka The Greater Bay Area. With everyone discussing the future, Shenzhen is already living in it with 5G hardware and networks, a proliferation of electric vehicles, complete mobile payments within a cashless society, and a sandbox for creating the future in many different verticals, Shenzhen has already found a way to build that within China and will be a model for every other city on the planet that cares about building the future. Shenzhen will still be reliant on Hong Kong for global finance but everything else will be developed in Shenzhen for the world. It’s a new dawn for this city as it has overtaken Shanghai, Hong Kong and Guangzhou in the top tech cities of China. Casey Lau Co-founder, StartupsGBA Casey Lau co-founded StartupsHK over ten years and is a pioneer of the Hong Kong tech scene. He is also the Co-host of RISE, which is Web Summit's Asia conference. Casey is Managing Partner at Dimsum Ventures, an Asia-based proptech fund. On Shenzhen
  67. 67. "Taipei has a startup ecosystem full of deep-tech and e-commerce startups with a rich culture of local and expat founders. Taipei provides a playground where you will find talented HW/SW engineers, excellent manufacturing, affordable rent, and a large pool of resources (governmental and private).” Yadia Colindres, Co-founder & COO at FOX-TECH CO FOX-TECH is digitally transforming F&B businesses operations and increasing the food safety and storage through their IoT platform with data analytics. The company was part of SparkLabs Taipei’s first batch. On Taipei
  68. 68. “Berlin is a great place to start a business. You will find a diverse and mature startup scene covering the entire lifecycle from angel funding to growth capital funding. Affordable living, English as a common language, and the geographical position between Eastern and Western Europe attract numerous international professionals and millennials. Overall an exciting city to live and work in.” Christian Miele Partner at e.ventures Christian is a Partner at e.ventures in the Berlin. Previously, Christian was leading the international expansion at Kreditech.com. Prior to that, Christian exited mobile marketplace Todaytickets.de, which he founded alongside German media conglomerate ProsiebenSat.1 AG. On Berlin
  69. 69. "The Greater Bay Area is the only hub in the world that houses world-class cities in financial services, manufacturing, supply chain and logistics, all within driving distance. The region is home to 5% of the Chinese population, but represents 12% of the country’s GDP. Hong Kong and Shenzhen in particular have become leading technology hubs in Asia, supported by a deep talent pool in industry as well as technology. I believe the Chinese government is committed to making the GBA a home for domestic as well as international talent, and in due time will challenge for the top spot globally.” William Chu Managing Partner at SparkLabs Fintech William Chu is our Managing Partner at SparkLabs FinTech and oversees our Ping An Cloud Accelerator Powered by SparkLabs. Previously, Executive Director at Zheng He Capital, a private equity firm focused on fintech and healthcare, where he was the lead investor in US$500M Series A of Ping An Good Doctor. On Shenzhen
  70. 70. About SparkLabs Group www.sparklabsglobal.com
  71. 71. SparkLabs Group is a network of startup accelerators and venture capital funds, which was founded in 2013. Founded in 2013, SparkLabs Group (www.sparklabsgroup.com) comprises of accelerator operations in Seoul (1st launched in Dec 2012), Beijing, Shenzhen, Taipei, and Sydney; new accelerators in Muscat, Oman, Washington D.C., and with Arizona State University in Tempe, AZ; SparkLabs Global Ventures, a global seed-stage fund; SparkLabs Capital, a late stage investment vehicle, and SparkLabs Ventures, our early-stage fund for South Korea and SE Asia. Our team previously has led investments in Siri (sold to Apple), DeepMind (sold to Google for over $500M), Ping An Good Doctor ($7.45 billion IPO), Spotify (board member), Studio Ex (co-founded, sold to Disney), Hostway (co- founded, sold to a PE fund) and co-founded such companies as Coupang and Kiva.org.
  72. 72. Sweden USA United Kingdom Australia Peru Saudi Arabia takko We have invested in over 260 companies through all of our entities and across 6 continents since 2013. Here is a selection of our investments. Brazil Nigeria India
  73. 73. South Korea Singapore Israel Ireland France Malaysia Vietnam Hong Kong Taiwan Ireland
  74. 74. Thank you! www.sparklabsgroup.com

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