Techgrind Venture Capital Raising $50M Fund to Invest in the Asean Region
The ASEAN economy (Association of SouthEast Asian Nations) is the 3rd fastest growing Asian economy in the world (GDP of $3 trillion) alongside China and India. It is the #1 growing internet region in the world, growing at 14% CAGR. Over 260M internet users expected to grow to half a billion by 2020. The region has 700 million mobile connections and 4 million users coming online monthly. With the population of nearly 700 million people, ASEAN region boasts a solid growth potential over the next several decades with more young people under 30 than any other region in the world. This will be a tremendous driver for growth, especially in technology innovation.