Sunday Nov 24, 2024
Sunday Nov 24, 2024
Tuesday, 18 June 2024 00:46 - - {{hitsCtrl.values.hits}}
From left: DigiEcon Global Investment Summit 2024 speakers James Tan, Craig Dixon and Jonas Thürig
nVentures Ltd., has partnered with the inaugural DigiEcon Global Investment Summit in 2024, organised by Sri Lanka’s Ministry of Technology. This initiative is part of the country’s far-reaching DigiEcon Sri Lanka 2030 economic strategy.
Licenced under the Monetary Authority of Singapore, with a startup portfolio representing Sri Lanka, Bangladesh, India, Singapore and the UK, nVentures has helped secure the attendance of five leading global VCs to participate, and explore the local startup sector, at this Summit on 25 June.
A premier conference that serves as a gateway to explore Sri Lanka’s dynamic digital investment ecosystem, the DigiEcon Global Investment Summit 2024 expects to bring together over 80 investors, including major international players, and over 50 technology companies. At the heart of the DigiEcon Global Investment Summit is the opportunity to interact with a diverse group of worldwide delegates, wherein participants will have the chance to expand their networks, explore new partnerships, and interact with thought leaders, all in an environment geared for collaboration.
State Technology Minister Kanaka Herath said: “Sri Lanka’s digital economy is experiencing a remarkable transformation. Our groundbreaking DigiEcon 2030 strategy, a comprehensive 7-year plan developed in collaboration with industry leaders and the World Bank, sets an ambitious target of growing our digital sector to $ 15 billion by 2030. As a key initiative within this strategy, we are proud to present the DigiEcon Global Investment Summit 2024. This event offers a unique opportunity to explore Sri Lanka’s dynamic tech ecosystem, connect with influential stakeholders, and uncover the immense potential for growth in our digital landscape.”
The VCs that will attend the DigiEcon Global Investment Summit are Quest Ventures, Accelerating Asia, Tenity, Striders Corporation and Orvel. In addition, the following high-powered executives from Quest Ventures, Accelerating Asia and Tenity will lend their valuable and wide-ranging experience to the Summit, by taking part as guest speakers.
Quest Ventures Managing Partner is James Tan and the company focuses on an overarching “digital economy” strategy across Asia, and is a top venture capital firm in artificial intelligence, e-commerce and marketplaces, entertainment, finance, food, insurance, logistics, media, property, sports, and the Islamic digital economy. Quest’s portfolio companies include industry leaders such as 99.co, Carousell, Carro, Glife, Hepmil, Oddle, Shopback, VulcanPost, Xfers, and Yummy Corporation.
Accelerating Asia Ventures Co-founder and General Partner is Craig Dixon and the company is an early-stage VC fund focused on post-revenue, pre-Series A startups with untapped potential that are 6-18 months away from institutional funding. It invests up to $ 250,000 in pre-Series A startups, and the current portfolio covers over 10 countries in Southeast and South Asia. Craig and his Co-founder Amra Naidoo have jointly made over 100 investments, some of which have gone on to receive follow-on investments from the likes of Sequoia Capital, Cocoon Capital, MDI Ventures, Wavemaker Partners, Comfort DelGro, and other top individual and institutional investors.
Tenity VP for APAC, and Managing Partner for Asia is Jonas Thürig. The company is the leading global innovation ecosystem and early-stage investor powering the future of finance. With hubs in Zurich, Singapore, Tallinn, Madrid, London and Istanbul, Tenity’s vision is to create the future of finance by bringing together ambitious founders with leading corporations, forward-thinking investors, and passionate mentors and together, create ecosystems that power the future of finance and beyond. Today, Tenity runs corporate innovation programs in more than 15 countries, where it works with over 65 corporate partners, in support of more than 1,600 startups.
nVentures Co-founder/Managing Partner Chalinda Abeykoon said: “We are honoured to partner with the DigiEcon Global Investment Summit to champion Sri Lankan tech innovations. Since 2022, we have collaborated with these visionary VC funds, some of which have already invested in promising Sri Lankan startups. It is a privilege to facilitate their inaugural visit to Sri Lanka and witness firsthand the vibrant potential of our tech ecosystem.”
