SoftBank’s portfolio favors Seoul over other Asian hubs | Industry
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Today, CB Insights published its Global Tech Hubs Report, using the CB Insights platform to aggregate data around funding and exit events for tech startups around the world. The report categorized 25 metro areas including Seoul, Tel Aviv, Tokyo, Shanghai, Beijing, and New Delhi as heavyweight, high growth, and up and comers based on a deal share basis of the global total.
Here are notable findings on Seoul from the report:
- Seoul’s game development companies have seen notable interest from corporates including China-based Tencent and Line Corp. Seoul leads the Up and Comers pack at 37% of rounds with corporate investors, with Mumbai (19%) and São Paulo (18%) rounding out top three.
- SoftBank has propelled the rise of tech in Asia, as SoftBank’s portfolio favors Seoul over our other Asian hubs. SB has invested in more than 20 companies based in Seoul while it has provided fundings for 14 companies based in Shanghai, 14 companies in Beijing, 7 companies in New Delhi, 4 companies in Tokyo.
- Amongst Up and Comers hubs, Seoul and Stockholm lead in equity tech deals from 2012-2017.