Authors of MAVA Florian Cornu and Arnaud Bonzom, as well as the Singapore Startup Ecosystem & Entrepreneur Toolbox, today launched the interactive edition of Map of the Money v4.0.
The map was updated in 2012 and 2014 to reflect the evolution of the Singapore startup ecosystem. JFDI was launched by Meng Weng Wong and Hugh Mason as the first accelerator in 2010. Having welcomed 70+ startups over its six years of existence, JFDI has recently stopped its incubator activities. Map of the Money itself began in 2009 as a project started by Meng Weng Wong, who is one of the co-founders of JFDI.
Most recently, Wong is focusing on disrupting the legal space with Legalese. Since then, the map hadn’t been updated but in the meantime Florian made a spreadsheet version called MAVA, allowing entrepreneurs to browse and filter the data. Arnaud helped along the way, improving the quality of the data. Bonzom wrote in his blog,
We decided to verify the data by surveying 81 VC firms, allowing us to have accurate data on 65 VC funds with their size as well as their minimum and maximum size of their respective first checks. Last but not least, this gave us the ability to display the 25 per cent percentile and 75 per cent percentile via an adapted version of the box and whisker diagram.
The site contains an exhaustive list of 65 active Venture Capital (VC) firms in Singapore, completed with verified data. It contains detailed information about the VC firms, including information of more than US$4 billion asset under management.
He also stated,
Thinking of how the map will be used, we made it interactive, bringing to bear a more visual interaction with the data and allowing entrepreneurs to explore the full set of data via Airtable.
The authors also added that the methodology gives Singaporean Startups ability to make new investment or riase funds based on the investments made in the past by Venture Capital Firms for the last 12 months. They have not been included in this edition as they would warrant a whole study on their own.
We decided to combine the best of both worlds, allowing the extensive data set to be played with through an interactive representation, they explained.
When it comes to recent trends in Singapore’s VC landscape, the authors highlighted six major points:
- American VCs joined: with 500 Startups — 500 Durians for Southeast Asia (US$26M), 500 TukTuks for Thailand (US$12M) and 500 Vietnam for Vietnam (US$10M). As well as Sequoia Capital (Southeast Asia) with $960M for India & Southeast Asia
- New Seed VCs: 500 Startups and SeedPlus (SeedPlus is a network of networks between Jungle Ventures, PwC, Google, Accel Partners and Infocomm Investments. Allowing therefore Jungle Ventures to be active in both early stage and for Series A and beyond).
- Seed VCs graduated to Series A: Golden Gate Ventures, Jungle Ventures and Rakuten Ventures each of them started with or below $10M and now are closing a second fund between US$50M and US$100M.
- The Series A stage matured: Monk’s Hill Ventures, Sequoia Capital and Venturra Capital.
- Ignition of the Series B stage: B Capital Group.
The data stated new Corporate funds namely CapitaLand Limited, Challenge Ventures, DeClout Limited, Garena Ventures, PSA unboXed, Razer Ventures, SPH Fund, Wilmar International Limited and YCH Group Pte Ltd. These changes reflect the maturation of the ecosystem with several key milestones in terms of acquisitions as well as major investments made in the last 24 months. Bonzom is currently working for 500 Startups and Cornu has worked for Majuven.