- Community: XA Network is the leading tech executives’ investment network with members from a wide range of technology companies including Alibaba, Gojek, Grab, Google, Amazon, Netflix and Twitter to invest in the Southeast Asia start-up community to help them scale.
- Opportunity: Southeast Asia’s digital economy is set to grow 3x to $300b by 2025 as it becomes hub for startups
- Growth: XA Network has grown to 100 members in just 2 years, made 30 investments and have already had their first exit with Lomotif, Singapore’s video-sharing service, acquisition for US$125 million. Two-fifths of the portfolio has already gone on to Series A/B rounds.
- Appointments: John Wood (ex-Microsoft, Room To Read), Steve Chen (YouTube cofounder), Maya Hari (Twitter, ex-Google, ex-Samsung) and David Thevenon (Balderton Capital, ex-Google) appointed to advisory board
SINGAPORE – News Direct – 20 April 2021 – The XA Network [the X denotes any tech firm with $1b+ valuation and the A refers to Alumni], the leading member-based investment network of executives from prominent tech firms in Southeast Asia, has today appointed an advisory board. The appointments signal the organisation’s growth and reach, as the Southeast Asian digital economy proves resilient and is racing ahead at full velocity.
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