Southeast Asia's VC Firm Alliances Mapped

Tech in Asia has released an analysis mapping the co-investment relationships and "hidden alliances" among venture capital (VC) firms in Southeast Asia, based on deal data from the past two years.

The report aims to provide startup founders with insights into which VC firms frequently partner together, potentially aiding fundraising efforts. The analysis visualizes a complex web of connections between these investment firms operating in the region.

Key findings indicate that certain VC firms regularly engage in co-investments, suggesting deeper partnerships, while others appear to avoid collaborating. The research highlights the top 20 VC firms based on the number of unique co-investors they have worked with and the frequency of these collaborations.

For instance, Seeds Capital is noted for co-investing with six different firms, including Greenwillow Capital Management and Tin Men Capital on three occasions each. Peak XV Partners has partnered with five other firms, such as Prosus Ventures and January Capital, twice each.

The data aims to offer a clearer understanding of the collaborative dynamics within Southeast Asia's venture capital ecosystem.