LetsVenture, Indian online startup investment marketplace has signed a partnership agreement with AngelHub, Hong Kong's first regulated startup investment platform during a co-anchored Investors’ Masterclass in Hong Kong. As part of this strategic partnership, early-stage startups, businesses, and investors affiliated with both LetsVenture and AngelHub will now have access to early-stage startup investment opportunities in both regions.
India is the world’s 3rd largest and fastest growing startup hub and Hong Kong has been the 3rd most active foreign investor in Indian startups. Over the last few years, the startup ecosystem in Hong Kong has rocketed up, witnessing around 3,000+ startups and with 9 unicorns has now the second highest density of unicorns per capita just after Israel.
Considering the thriving growth and potential for startups and investors in both India and Hong Kong, this alliance will provide collaborative opportunities to leverage the startup ecosystem in both the markets. AngelHub is Hong Kong’s first SFC regulated startup investment platform for professional investors and global startups raising growth capital.
The founders of WHub, HK’s startup ecosystem platform, and power connector decided to continue their mission to empower Startups to drive wealth and economic growth. Angel hub is democratizing startup investments by building an efficient digital private capital market and to provide a new asset class to investors.
By combining the professionalism of VCs, the flexibility of Angel Investing and the power of key strategic partnerships, AngelHub makes highly vetted global startups accessible to professional investors, fuelling inspiring entrepreneurs and game changers that are revolutionizing the way we live.
With more than 2,800 start-ups, 6,100 job postings, and more than 22,000 members, WHub (whub.io) is the first and largest entrepreneurial community in Hong Kong.
"The venture between AngelHub and LetsVenture is relevant for Investors and Startups in Hong Kong and the Greater Bay Area who are looking to expand into India and vice versa," said Karena Belin, Cofounder, WHub & AngelHub
LetsVenture today has more than 4000+ investors from 23 countries, 300 institutions, 127 family offices, and 18,000 startups. 180 startups have raised 81m USD online on the platform.
"Over the last 5 years, having achieved product-market fit in the early stage, we believe enabling cross border market access and investor connect would be very valuable to our portfolio companies, as well as aligns well with the recently launched LetsGrow platform. Partnering with a credible player like AngleHub eases the access into the HongKong / China markets for Indian startup founders" said Shanti Mohan, Co-founder, and CEO, LetsVenture.
Deepika Prithviraj (Investor Relations, LetsVenture) said, “We are excited to explore opportunities in Hong Kong, which has recently seen an outburst in the startup ecosystem. We are also pleased to partner with AngelHub, who has provided professional investors with the opportunity to invest in vetted startups. We both share the same vision - to make angel investing easy and accessible to all, and we do look forward to hosting meaningful conversations.”
As part of the partnership, AngelHub and LetsVenture will offer curated startups and investors for potential collaboration on fundraising and investing respectively.