Accelerating Asia, the independent startup accelerator and an early-stage venture capital fund headquartered in Singapore. announces the graduation of its first cohort of startups at its inaugural Demo Day held yesterday.

Ten companies graduated from its 4-month program where founders worked closely with Accelerating Asia’s regional network of mentors, investors, customers, and partners to scale their businesses and solve localised pain points unique to Asia.

At its first Demo Day, founders pitched their businesses to a private audience of the top investors in the region, multinationals, government partners, and other ecosystem players.

Southeast Asia has seen a total of 11 unicorns over the last five years, and the growing mobile penetration rates and rapid urbanisation continue to offer untapped opportunities for the development of positive change for businesses and consumers alike.

Also Read: Accelerating Asia launches seed-stage accelerator cohort

Accelerating Asia claimed to be a vertically agnostic accelerator, reflected in the graduating startups, that cover a range of industries such as human resources, shipping, and logistics, enterprise SaaS solutions, fintech, big data, medtech, and adtech. They are:

  • BeamAndGo (Philippines), payment and digital marketplace that empowers migrant workers by giving them control over how their remittances are spent by their families back home.
  • Datanest (Indonesia), data science as a service startup, helping companies to drive their performance and profitability through AI and Machine Learning algorithms.
  • DeafTawk (Pakistan), a platform connecting sign language interpreters to deaf people, helping them with daily tasks such as going to the doctor, school, and transport.
  • Klaud9 (Singapore), an online platform that matches photographers and brands to create amazing photos for social media and marketing campaigns.
  • Loop (Bangladesh), a technology-enabled marketplace for full truckload freight.
  • Medlink (Vietnam), a startup that allows for the pharmaceutical product distribution model in Vietnam through a platform that connects consumers, pharmacies, and pharmaceutical companies.
  • Panalyt (Singapore), a startup that puts actionable people analytics in the hands of managers across organisation through user-friendly dashboards and AI-driven insights.
  • TalentTribe (Singapore), a millennial recruitment platform that helps employers hire early-career talent with a great fit.
  • Web2Ship (Malaysia), a booking.com for logistics in Southeast Asia that helps online sellers to search, compare and book different courier, and postal services by identifying the best shipping services.
  • Zantrik (Bangladesh), an automotive service and resource platform to ensure seamless and standard maintenance experience for vehicle owners, by connecting service providers and applying quality assurance standards.

Accelerating Asia noted that the ten startups have collectively raised US$725,000 over four months.

“Additionally, over 10 external investments have been made in our startups throughout the program, which is a great credit to our founders and a testament to the solutions they are developing to effect tangible change for regional communities. Together with our partners, we believe in the potential of our startups and are extremely excited to see what they are now capable of achieving,” said Craig Dixon, Co-Founder, Entrepreneur in Residence and Program Director, Accelerating Asia.

Accelerating Asia is partnered with Enterprise Singapore through the Startup SG Accelerator program.

Accelerating Asia said it will continue to guide the development of startups in the region through the accelerator, which provides access to its extensive network of ecosystem partners and providing go-to-market support.

Applications for Accelerating Asia’s second cohort are now open with plans to grow the cohort size from 10 to 15 startups. The Accelerating Asia team is running roadshow events in Jakarta, Manila, Dhaka, Ho Chi Minh City, Hanoi, Kuala Lumpur, Bangkok, and Singapore to recruit for the next cohort.

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