Access to funding is one of the most vital factors for entrepreneurial success. To seek out funding, startups can consult venture capital (VC) firms that can offer a sum of capital for businesses to get started, as well as mentorship opportunities and accelerator programs. There are well over 3,000 startups in Hong Kong drawn to the region by global investment and quality of life, and of course, an abundance of venture capital firms ready to invest in the next big thing.
Alibaba Entrepreneurs Fund
A not-for-profit initiative launched by Alibaba Group in 2015, the Alibaba Entrepreneurs Fund was established to help Hong Kong and Taiwan-based entrepreneurs and young people realise their visions for their businesses and communities. The Fund invests in young companies with innovative ideas and technologies, helping entrepreneurs grow their businesses on Alibaba’s e-commerce marketplaces as well as other platforms.
Entrepreneurs selected by the Fund’s investment managers can enjoy access to financial capital and strategic guidance. As a not-for-profit institution, the Fund uses profits generated from the growth of venture investments for re-investment to ensure an evergreen source of capital.
Arbor Ventures
Arbor Ventures is a FinTech-oriented venture capital firm focused on shaping the future of financial services, cybersecurity, blockchain, big data, and digital commerce. Arbor aims to establish vital strategic networks and accelerate the growth of next-gen FinTech. Arbor was among the VC firms that financed the Dubai-based buy-now, pay-later company Tabby, having capitalised on the shift toward online retail and e-commerce caused by the pandemic. The Hong Kong-based venture capital firm also contributed towards the US$50 million in funding that Bangkok-based payments platform 2C2P secured to date.
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