Good Startup

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Itnig was formed in Barcelona in 2011 as an independent and private initiative of a serial-entrepreneurs and tech-enthusiast group.Headquartered in 22@, the tech district of Barcelona, the company offers startup mentoring and services including accounting, business and software development, legal and human resources. Itnig acts as a startup builder, counting on a network of more than 160 people and over 70 investors. The company has also created its own fund to invest a maximum of €100,000 per company without following up on the investment.To date, Itnig has contributed to forming six startups. 

Arrive is the venture capital arm of Roc Nation, the full-service entertainment management company established by US musician Jay-Z. Aside from managing musicians and producing music under their label, Roc Nation also manages equity distribution for musicians, as well as talents in the sports industry. Arrive has made a number of investments in the Southeast Asia region, including in Singapore-based scooter rental startup Beam and fashion e-commerce Zilingo. In Indonesia, it has invested in Kopi Kenangan, a chain of grab-and-go coffee outlets. It has also invested in Super, a Y Combinator graduate startup enabling social commerce through group-buying.

Previously known as Incubate Capital Partners, Incubate Fund was founded in 1999 by Tohru Akaura and partners. Focusing on providing early stage funding, its portfolio includes more than 120 companies. It also hosts Incubate Camp, a seed-stage startup acceleration program.

UMG Indonesia is a subsidiary of the Myanmar-based UMG conglomerate that was founded in 1998. The Indonesian company is a hardware and machine distributor, with property interests in Indonesia. In 2017, UMG provided seed funding to fishery tech startup Aruna.

Demium Startups is a startup incubator with offices in Madrid, Barcelona and Valencia. It has two other branches: Demium Games that focuses on the video-gaming sector and Oarsis, oriented to startups working on VR/AR-related technology.

Centro para el Desarollo Tecnológico Industrial (CDTI) is a Spanish government startup accelerator under the Ministry of Science, Education and Universities. Based in Madrid, it has invested in 13 startups since 2015, predominantly focusing on scientific enterprises.

Samator Education is part of the Indonesian conglomerate PT Samator, with business interests in the petrochemical, real estate, healthcare and automotive industries. To date, it has only backed one company: HarukaEdu, an edtech startup that provides online courses and degree programs in Indonesia.

Founded in 2018, Agaeti Ventures is an Indonesia-focused VC that participates at the pre-Series A and Series A levels. Agaeti's portfolio includes smart retail kiosk startup Warung Pintar, delivery coffee chain Fore Coffee and Bangladeshi transportation firm Pathao.

Based in Singapore, GreenMeadows Accelerator (GMA) is a VC firm that provides incubator and accelerator services. GMA mainly invests in advanced manufacturing, engineering and clean/green-tech sectors. Enterprise Singapore Startup Equity SG is its co-investment partner. 

Founded by Zhang Yiming in 2012, ByteDance is currently the world’s most valuable startup, worth over $100bn by May 2020. It owns quite a number of popular apps including the news aggregator Jinri Toutiao and short video platforms such as Douyin and its overseas version TikTok.ByteDance is also an active investor in China’s startup ecosystem. With a focus on education and gaming, it also invests in sectors of media, enterprise tech, education, gaming, finance, real estate, artificial intelligence and hardware. As of mid-2020, it had invested in 89 companies.

Srinivasa Hatcheries is part of the SH Group that was set up in 1978. Based in Hyderabad, the diversified public-listed group started in poultry farming in 1965. Its first disclosed startup investment was in the Series A round of alternative protein startup String Bio in 2019.The Mega Food Park is a hi-tech chicken and egg processing facility. The Srinivasa farms also manufacture and supply poultry feed in India. Its HiPro Soybean meal has the most concentrated amount of protein in the market. The group is also involved in agriculture, goat breeding and food retailing.

Reus Capital is a pledge fund focused on technology startups in the Catalan ecosystem. It was founded in 2013 and is headquartered in Reus, Catalonia. To date, it has invested a total of €10 million in more than 20 startup companies.

HUNOSA Group is a Spanish energy and mining company based in the northern region of Asturias, founded in 1967. Its only disclosed tech startup investment to date was in the 2021 $1.8m seed round of Asturias-based Triditive the first automated additive manufacturing technology.

Founded in 2012, Purple Orange’s objective is to support the transition away from animals in the food chain, supporting early-stage food and biotech companies across the globe with a focus on alternative proteins and cellular agriculture. It currently has 12 startups from different nations in its portfolio. Its most recently disclosed investments have been in the December 2020 pre-seed round of Chinese cultured meat startup CellX and in the November 2020 $500,000 pre-seed round of Swedish plant-based food vending startup VEAT. 

Adrian Cheng Chi-kong  is a third generation heir to HK billionaire Cheng Yu-tung.Adrian Cheng Chi-kong founded K11 brand in 2008, and became Executive Vice-Chairman at New World Development in 2015.Besides traditional retail, he invests in more areas such as food, fashion, technology.He founded C Ventures to invest in the businesses that focus on millennials. C Ventures has invested in Moda Operandi, an American fashion startup, Flont, luxury jewelry rental service, among others.He invested in American AI startup ObEN and Chinese cooking video platform Daydaycook, etc, through K11.He also invested in Aibee, Hua Medicine and Xiaohongshu as individual investor.

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