Report: The True State of Early Stage Funding in Hong Kong

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You may have seen reports floating around on the interwebs on the current state of Hong Kong funding, from ill-advised infographics to strangely sourced global reports.

So we decided to call up James Giancotti of OddUp a new startup that is tracking other startups around the region, and try and put together a proper list of startup funding in Hong Kong by local investors into local companies.

It’s also a good time to check the pulse of the investor ecosystem; after all the noise that big events like RISE and StartMeUp brought to Hong Kong, how, and if, the local investor market has been doing to actually help fund local startups.

This report is looking at the actual public angel and VC groups in Hong Kong. We don’t have data on Family Offices since they keep things private, as do smaller investor syndicates and angels who don’t like to have their names on the internet. Today the HKSAR government released it’s new budget to include startups (take a look at this budget breakdown specifically for the startup sector by Charles Mok), so we will have to take a revisit this next year and see if this new budget has helped increase any activity amongst local investors.

Here is what the state of early stage funding in Hong Kong really looks like:

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