Thesis

Targeting tech verticals and markets that are growing continuously

Headquartered in London, the Fintech hub, we see a plethora of untapped opportunities in various verticals with Fintech solutions. Deep Tech is expected to revolutionize the European tech venture market and serve as a bridge between the European and Asian startup ecosystems. We see future growth within our target sectors in Europe, as Deep Tech startups are expected to add €2.2 trillion to the economy by 2030 while South Korea is ranked one of the top three countries for Deep Tech.

As early-stage VCs, we believe a true difference and change can only be made at the earliest stages with investing. Providing capital and support at inception stages gets these founders noticed by bigger institutional investors who can fill up later and larger rounds. This leads to startups taking off, becoming unicorns and the founders then having the power to represent and empower their own ecosystems.

Indian Fintech Market

  • India is amongst the fastest growing Fintech markets in the world. Indian FinTech industry’s market size is $584 Bn in 2022 and is estimated at ~$1.5 Tn by 2025 (source)
  • Influx of company creation in KYC/AML, Wealth Management, Lending and Banking
  • Micropayments is the game changer in India particularly in Content, Gaming, Grocery and Investing Apps

Korean Deep Tech

  • The Korean government will create at least ten Deep Tech unicorns by 2027 through R&D initiatives with private sectors in the basic fields (source)
  • South Korea’s is a leader in the Deep Tech space with the government planning to invest $1.5bn in startups and double its space budget
  • Disruptors and life changing technology is coming from the Electric Vehicle, Chips, Batteries and Semiconductor areas

European Climate Tech & AI

  • Climate Tech in Europe is witnessing the fastest growth with VC funding deployed totalling $20bn in 2023, out of which more than 50% is from Storage & Distribution, Renewables, and Circular Economy subsectors (source)
  • The UK’s AI market is the third largest globally and could grow to £800bn+ by 2035 (source)
  • The UK’s booming digital economy, young population, and strong financial sector may drive capital into Fintech, Edtech, and Healthtech

Major Hubs

Europe

  • UK
  • France
  • Germany
  • Sweden

India

  • Bengaluru
  • Delhi
  • Hyderabad
  • Mumbai

South Korea

  • Seoul
  • Pangyo
  • Jeju
  • Busan