Decacorn Capital announced today that it has signed a strategic partnership with German Accelerator Southeast Asia. Both sides seek to pave a two-way track that will boost cross-border collaboration between German and Singaporean technology startups.
Each partner will contribute complementary skills and together will curate growth-stage tech startups with their founding teams, and see to it that the startups, under their direction, gain resources, market access and networks in both countries.
This partnership is a response to a growing trend of German entrepreneurs scaling up businesses in Asia while Singaporean and Asian founders are looking for ways to enter Europe for its research-based technology and innovations. The partnership is to become a connecting bridge for the respective markets.
Decacorn has made nine investments in US and six in Israel over the past two years so it does have a network for Asian companies to enter western markets.
“Germany is an industrial superstar that to us is a power house when it comes to deep-tech startups innovation. We believe our partnership with German Accelerator will immensely benefit inbound and outbound exchange of ideas in deep tech applications between Singapore and Germany,” said Decacorn’s founder and Managing Partner Debneel Mukherjee.
The Founder and CEO of German Accelerator Southeast Asia Claus Karthe also noted that Singapore’s tech ecosystem is ready to have grounds for growth in Germany and the EU.
“Our partnership with Decacorn Capital will not only identify high potential startups who are ready for expansion into global markets, but also help those startups to succeed. We are excited that our German startups will be able to leverage our combined network to successfully enter into the Southeast Asia market – the largest internet region in the world,” said Karthe on the partnership with one of the most active VCs as listed on PitchBook.
Image Credit: Decacorn