Decacorn Capital has made declared, on Wednesdy, that it has inked a tactical affiliation with German Accelerator Southeast Asia.
Both ends seek to pave a two-way pathway, which will boost cross-border alliance between German and Singaporean technology startups.
Each associate will contribute balancing skills and simultaneously will curate growth phase, lead tech start-ups with their founding squads, and see to end that the startups under their track will gain resources, marketplaces, and systems in both nations and beyond.
This affiliation is a reaction to a rising trend of German capitalists rescaling biz groups in Asia and Singaporean and Asian originators are in search of ways to make entry in Europe for its research-based technology and extraordinary improvements. The joint venture is to become a linking bridge for the individual market zones.
Decacorn’s originator and Managing Partner Debneel Mukherjee stated, “Germany is an industrial superstar that to us is a power house when it comes to deep-tech startups innovation. We believe our partnership with German Accelerator will immensely benefit inbound and outbound exchange of ideas in deep tech applications between Singapore and Germany.”
The Founder and chief executive officer of German Accelerator Southeast Asia Claus Karthe also mentioned that Singapore’s tech bionetwork is all set to have grounds for expansion in Germany and the European Union.
On the joint venture with one of the most dynamic VCs as listed on PitchBook, Karthe stated, “Our partnership with Decacorn Capital will not only identify high potential startups who are ready for expansion into global markets, but also help those startups to succeed. We are excited that our German startups will be able to leverage our combined network to successfully enter into the Southeast Asia market – the largest internet region in the world.”
Hannah Weber is a seasoned journalist with nearly 10 years experience. While studying journalism at FernUniversität Hagen, Hannah found a passion for finding engaging stories. As a contributor to Deutch News, Hannah mostly covers human interest pieces.