Laying out the family offices supporting SEA startups

More: Apple announces US$250 million investment to expand its Singapore campus. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - The big-name families [supporting Southeast Asian startups]( - A new multimodal language model from Reka AI - Other newsy highlights such as Apple’s US$250 million investment in its Singapore campus and a US$40 million funding round for Altum Credo --------------------------------------------------------------- Hello {NAME} Whenever I think of family offices, I like to have a little fun and imagine them as being run like mafia families in gangster movies. cue scene A startup founder walks into a dimly lit room, nervously fiddling with his thumbs. His eyes set upon a sturdy wooden desk and elegant leather chair sat squarely in the center of the room. “H-hello, sir,” the founder says, trying to keep his voice steady to avoid betraying how hard his heart is thumping in his chest. The chair swivels around, as if the person sitting in it owns all the time in the world. “Go on…” the mafia leader says in a gravelly voice. “Tell me what you’ve got, son.” The founder explains what his startup does and the solutions it offers. The leader nods his head slowly and clasps his hands together. “Alright,” he says. “I’ll make you an offer you can’t refuse.” He gestures to a dark corner of the room, where a younger man suddenly separates himself from the shadows. The startup founder stifles a little yelp. “My son will take over from here.” end scene While they certainly AREN’T mafias, family offices in Southeast Asia have actually been rather involved in the region’s startup scene. Today’s premium story takes a closer look at what they’ve been pumping their money into. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Mapping the family offices spreading wealth across startups in SEA]( Family offices investing in Southeast Asia usually seek wealth safety, which makes Singapore a key location due to its currency stability. --------------------------------------------------------------- TRENDING NEWS [Apple announces Indonesia academy as Tim Cook meets Jokowi]( The Apple Developer Academy in Bali would be the company’s fourth in Indonesia, with the news coming amid CEO Cook’s trip to Southeast Asia. [Indian mortgage fintech firm secures $40m to help low-income groups own homes]( Altum Credo aims to expand its operations into central and northern India. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [These are the most active investors in Singapore’s startups]( Which investors are writing the most checks to Singapore-based startups? --------------------------------------------------------------- SAIGON SUMMIT 2024: CHARTING VIETNAM’S TECH FUTURE A sneak peek of who you’ll meet on May 30 Vietnam's tech scene is hotter than a bowl of pho, and Saigon Summit is serving up the secret ingredients. Get a helping of insights from MoMo's Nguyen Manh on building a fintech giant, soup up your funding game with Jungle Ventures’ My Tran, and develop your recipe for talent success with Skills Bridge's Linh Thai. 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