PORTFOLIO NEWS
As 2023 draws to a close, we are grateful for our team, investors and founders, and celebrate the successes of our portfolio companies. In the year to date, Altara Ventures led or participated in financing rounds for eight new and existing portfolio companies, with several more in the pipeline. We expect that 2024 will bring a further thaw in the global funding winter, helped by a brighter macroeconomic outlook in the United States.
ALTARA IN THE ECOSYSTEM
We warmly welcome Shane Chen Shenghui, Associate as the newest member of our investment team based in Singapore! Shane joins us from KPMG's Deal Advisory Team where for four years, he advised on numerous buy and sell side transactions in Southeast Asia technology. He holds a CFA and CPA as well as a business and accounting degree with highest distinction from NUS. Shane will be supporting Altara's geographic coverage for Philippines and Malaysia as well as our sector coverage in Fintech and Enterprise.
ANNUAL INVESTOR MEETING INSIGHTS
At our Annual Investor Meeting in September 2023, we hosted two panels of founders from six of our portfolio companies to share their reflections on scaling up with technology and generating liquidity for investors. Key insights included:
1. Hyper-scaling via AI has reached SEA – Companies across industries are leveraging data-driven infrastructure to reap dividends in the form of Gen AI-enabled quick, intentional decisions.
2. Staying ahead of competition requires building defensible moats – Our portfolio companies are focusing on technology differentiation and strategic partnerships to maintain competitive advantages.
3. Exit strategies and timeframe vary by sector – Different industries require different approaches to eventual liquidity events, from trade sales to public market options.
