Exactly who’s doing all the investing?

More: No crypto in Bali and SoftBank’s push for generative AI. [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: - [A snapshot of the investors in Southeast Asia and India]( - Vietnam-based Coc Coc enters the AI realm - Other newsy highlights such as a crackdown on crypto in Bali and SoftBank’s generative AI push --------------------------------------------------------------- Hello {NAME} Tech news outlets in general love writing about funding news, and can you blame us? Whether it’s the allure of big names putting large sums into smaller firms, or the type of change and growth that millions of dollars can enable for founders - both professionally and personally - funding usually indicates the potential of a compelling story. But what about the investors themselves? Obviously, it’s not only the giant headline names who are doing the investing; there are a bunch more who prefer to work on a quieter basis, and doing so doesn’t diminish the impact that they can have. Today’s premium article explores the active investors in Southeast Asia and India, shedding some light on the overall landscape. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Tracking active LPs in SEA’s, India’s startup ecosystems]( While funding news usually features VC firms, there’s a growing number of angel and institutional investors in the startup ecosystem. Here’s a list. --------------------------------------------------------------- TRENDING NEWS [Vietnam’s Coc Coc enters AI race with new products]( These products mark the beginning of Coc Coc AI Lab, the company’s AI ecosystem. [Bali may sanction tourists who use crypto for payments]( While Indonesia recognizes crypto assets as tradeable commodities, they are prohibited from being used for payments. [SoftBank, Nvidia team up for advanced AI data centers in Japan]( The telecom firm aims to create a network of interconnected data centers that can host a range of generative AI apps. [ID cosmetics brand targets Malaysia after 4x revenue growth in 2022]( D2C firm Rosé All Day Cosmetics attributes the revenue growth to the right combination of online and offline distribution channels. ---------------------------------------------------------------  LISTICLE OF THE DAY [A list of SEA’s unicorns and their early investors (Updated)]( Southeast Asia has 53 unicorns, which also includes a number of decacorns - startups valued at U$10 billion or more, according to Tech in Asia’s analysis. ---------------------------------------------------------------  IN PARTNESHIP WITH From soonicorn to unicorn Becoming a unicorn is a remarkable achievement for any startup. It benefits not just the company in question but the ecosystem as a whole, driving investor interest and fueling entrepreneurship. However, unicorns are made, not born. Southeast Asia is home to many companies that are on the edge of greatness - “soonicorns” that are close but haven’t quite reached that US$1 billion valuation yet. This leads to some questions: What are some key traits of unicorns? What can these soonicorns do to achieve this coveted status? And how can the ecosystem support their growth? Dive into this discussion at the upcoming ATxSummit, which will be held from June 6 to 7. At the event, speakers such as Jennifer Zhang, co-founder and CEO of Wiz.ai, and Jefferson Chen, co-founder and CEO of Advance Intelligence Group, will share what it takes to bring soonicorns to the next level. Register to attend virtually [here](. ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this form](. Our team will get back to you by the next business day. - twimbit - [twimbit launches Ask twimbit, an intelligence tool powered by ChatGPT to empower members with cutting-edge research in an intuitive way.]( ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Vietnam on June 28]( Our networking event, Founders Meetup: Vietnam, is happening in Ho Chi Minh City on June 28 at The Sentry, 2/F Sonatus Building. 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](. - [Solution Architect Officer (Cablenet Fiber Data)]( at Dealls Jakarta, Indonesia - [Sustainability Manager]( at MyRobin Jakarta, Indonesia - [Chief Hospitality Officer]( at Taman Sari Group Jakarta, Indonesia - [Sales Assistant Manager - Container Division]( at Gulf Test Jakarta, Indonesia - [Rewards and Compliance Associate]( at Bobobox Indonesia Bandung, Java, Indonesia - [Finance and Accounting Analyst]( at Hangry 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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