True Global Ventures returns to its roots

More: We look at True Global Ventures getting back into AI and Singapore-based Volopay’s road to breaking even by mid-2025. [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 look at: - [True Global Ventures’ return to AI]( - A Singapore fintech firm’s goal to break even by 2025 - Other newsy highlights such as a US$10 million raise for a Singapore startup and B Capital’s new venture partner for its climate team. --------------------------------------------------------------- Hello {NAME} If you’re tired of hearing about generative AI, well too bad for you! The world is going full steam ahead into the tech, and nothing seems to be stopping it now. Is this the start of something truly great or is it something a little more temporary, like the crazy NFT hype? Guess we’ll have to wait and see. In the meantime, True Global Ventures (TGV) is quickly hopping onto the generative AI train, which should be a familiar experience for the firm. After all, when it was first founded in 2011, TGV’s investments focused heavily on AI. Now, more than 11 years later, the VC is going back to its roots. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [True Global Ventures pivots fund to focus on generative AI]( The previously Web3-focused firm is shifting its attention back to AI, partner Kelly Choo says. --------------------------------------------------------------- TRENDING NEWS [Eduardo Saverin’s B Capital hires venture partner for climate team]( Don Wood will focus on expanding the firm’s investment strategy in climate tech. [Volopay targets break-even by 2025 as revenue grows 2.5x in the last 13 months]( Since securing its series A funding in December 2021, Volopay has seen a fourfold surge in both its payment volume and revenue. [EcoSpirits toasts to $10m fundraise for carbon-friendly liquor distribution]( The company said it saves about 80% of the carbon footprint of spirits distribution and consumption. [SEA’s listed tech majors in 11 charts: Bukalapak, GoTo post improved margins]( These companies could dictate whether more global investors will back Southeast Asia and decide the fate of the region’s tech industry. ---------------------------------------------------------------  LISTICLE OF THE DAY [A cheat sheet of M&As in Southeast Asia]( Need to get up to speed with SEA’s M&A scene? This one’s for you ---------------------------------------------------------------  TECH IN ASIA'S FOUNDERS MEETUP: MALAYSIA Join us and share the hardest challenges you’ve faced as a founder If you’re an entrepreneur based in Malaysia, you’re invited to Tech in Asia’s Regional Founders Meetup, which will be held on May 23 at WIP on the Park at Marc Residence (No.3 Jalan Pinang, Kuala Lumpur 50450) from 5:30 pm to 7:30 pm. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. 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Our team will get back to you by the next business day. - MyTravelThru - [MyTravelThru applies advanced technology to customer transferring services worldwide]( In the context of rising customer shuttle services, MyTravelThru highlights themself by entering the market with high-quality technology and services. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Product Development Conference 2023]( from May 16 to May 17 Tech in Asia’s Product Development Conference is back! This year’s edition, which will be held in person in Jakarta, will feature over 20 industry leaders, experts, and innovators sharing the latest trends and strategies that can accelerate product development growth. [Register now]( to get 40% off (get additional discounts exclusively for TIA subscribers)! - [Tech in Asia’s Founders Meetup: Malaysia on May 23]( Our networking event, Founders Meetup: Malaysia, is happening in Kuala Lumpur on May 23 at WIP on the Park at Marc Residence. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. Register today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Fullstack Developer (Sofco Graha)]( at Dealls Jakarta, Indonesia - [Senior Social Media Consultant]( at Ematic Solutions Bangkok, Thailand - [Sales Executive Ambassador (WSE STAR)]( at PT Wahana Semesta Ilmu Indonesia Bulk Terminal, Indonesia - [Senior Frontend Engineer]( at Gulf Test Bandung, Java, Indonesia - [Legal Associate]( at Mekari Jakarta, Indonesia - [Digital Marketing (Paid Ads Specialist) Manager]( at SCI Ecommerce Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? 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