500 Startups wants to increase its investment in German startups
The well known US accelerator 500 Startups wants to increase its presence and investments in Europe. Besides announcing projects in London and Scandinavia, it now found investment partners in Germany, the UK, Israel, Eastern Europe and Turkey.
Rocket Internet wants to start one business per quarter in Asia
Berlin-based company builder Rocket Internet said it wants to start four businesses per year in Asia. It already has 20 startups operating in that area, e.g. Carmudi, Lamudi, Everjobs, and Helpling. And it won’t slow down. “We are operating in highly diverse markets – from very developed ones such as Singapore and Australia to rising stars such as Myanmar and Pakistan,” says Hanno Stegmann, CEO of APACIG, in a statement. “Our portfolio of companies fits the macroeconomic trends of different regions and the demand for new online businesses.”
[Tech in Asia]