Even as the deal activity in the region has slowed, 15 early-stage startups have been selected for the seventh cohort of the Surge program.
Over 60 percent of companies from the first five cohort raising their Series A and beyond have done so with the help of the accelerator.
The Surge program initially wrote checks of $1 million for each startup but has increased the amount to $3 million.
The fresh cohort includes startup that are trying to solve bigger challenges such as climate change.
Some of the startups in the cohort are with whom it has partnerships when they have no product, as well as those with extensive experience in their respective sectors, according to the company. The former CFO of fashion e-commerce platform NYkaa is one of the founding fathers.
The ambition and diversity of ideas, as well as the caliber of founders with each cohort, continues to impress us. Surges are not exceptions. We have partnerships with all of our companies at their earliest stages of company building, with nearly half of them still in pre-launch at the start of our partnerships.
He believes that the creators of the dreamers, innovators and category creators have the ability to change the future of our region and the world.
Most of the startups in the new cohort are targeting audiences outside of their headquarters. Half of them have a presence in the U.S.
In the seventh cohort of Surge, there will be a 16-week hybrid program to get training and mentorship from industry veterans.
The seventh cohort contains a list of startup companies.
- Attentive, a vertical SaaS company, is building a sales automation platform for America’s outdoor services contractors. (Info Edge Ventures is a co-investor.)
- Beam is building a one-click checkout solution that enables a frictionless payment experience for sellers and shoppers in Southeast Asia. (Partech Partners is a co-investor.)
- Boxs is spinning up a design-to-build automation platform for architects, interior designers and construction companies.
- BuyerAssist aims to help B2B revenue teams with so-called mutual success plans (MSPs) to align and collaborate effectively with their buyers throughout the journey. (Emergent Ventures and Stellaris Venture Partners are co-investors.)
- ClearFeed is a collaboration platform that uses AI models to enable natural language ticketing on Slack and Microsoft Teams and provides seamless connectivity to backend ticketing tools like Zendesk, Salesforce and Freshdesk. (8VC is a co-investor.)
- Gan uses AI to create customised videos at scale, empowering brands to build personal connections with their customers. (It also secured funds from Emergent Ventures.)
- Hatica aims at providing engineering managers and leaders with the visibility and insights to help them build productive and healthy engineering teams. (Kae Capital is an investor.)
- Metaschool says it is making it easy for developers to learn, build and ship dApps to prepare them for opportunities in the emerging web3 ecosystem. (Luno, Global Ventures and Polygon Ventures are co-investors.)
- PixCap is an animation platform that allows users with no design experience to create animations for 3D illustrations, games, and designs. (Cocoon Capital and Entrepreneur First are co-investors.)
- Pratech Brands plans to help new-age Indian consumers upgrade their quality of life through better home and health products.
- Semaai is building a full-stack tech solution for Indonesia’s agriculture sector. (Beenext is a co-investor.)
- TrueFoundry is a developer platform that aims to help startups deploy and monitor machine learning (ML) models at the speed of big tech companies — in minutes or days instead of weeks or months. (Eniac Ventures is a co-investor.)
- Unravel Carbon helps companies track and reduce their carbon emissions using its software. (Alpha JWC Ventures, Amasia, GFC, Rebel Fund, XA Network and Y Combinator.)
- Whiz is a fintech company in Indonesia, where it aims to serve teenagers. (AC Ventures, Alpha JWC Ventures, Goodwater Capital, Ondine Capital and Y Combinator have also backed the startup.)
The stealth startup in the cohort is working in the travel space.
