Converge

We back tech that powers the future states of industries. Ascend partners with founders to provide support both financially and operationally, collaborating in the storied journey toward scale. How Ascend InvestsCriteria ACTIVE PROTOTYPE MULTIPLIER EFFECT ADVANTAGED PRICING EXCEPTIONAL OUTCOMES MASSIVE GROWTH POTENTIAL Strategy PREEMINENT CAPITAL PARTNERS MILESTONE-BASED INVESTING ENCYCLOPEDIC DEALFLOW OPERATIONAL GUIDANCE LEAD OR FOLLOW Themes FIRST MOVERS NETWORK EFFECTS PERSISTENT TRENDS DATA-CENTRIC TRANSITIONS SUPPLY-INHIBITED ECOSYSTEMS

Our passion is to help entrepreneurs grow, win and stay in the game to achieve their own dreams. FOUNDERS BACKING FOUNDERS Swift Ventures is the fund that we wish existed when we were starting out -- a low-ego, sincerely helpful firm led by former founders who get it. With decades of company-building experience, Swift provides relevant and practical “garage-to-IPO” building and scaling expertise. While our firm is new, our team has been having fun going for it together as co-founders since 2006. We have “in the trenches” experience at building companies through every stage including IPO and acquisitions. We know what it’s like to be on top of the world one day and dealing with an existential crisis the next. We have rung the bell and know that getting there can be absolutely brutal on our bodies and relationships. Our mission and passion are to help entrepreneurs grow, win and stay in the game to achieve their own dreams. We are guided by the belief that there is no higher calling than creating something of value to the world from scratch. But overcoming the haters, incumbents and the status quo isn’t for everyone. The name “Swift” comes from our shared experience that while there are many paths to build great companies – the best entrepreneurs have the ability to build, learn and iterate faster than others think is possible. INVESTMENT FOCUS We invest in AI and Automation companies with B2B business models. Typically, we are looking for companies that have an early compelling product with positive revenue and retention signals. More than any focus or pedigree we value Founders that are bold and that have a high Do:Say ratio (and expect the same of ourselves)

Purpose-built for founders. By founders. The time is now for enterprise innovation. We want to be more than just a check for the game-changing software businesses of tomorrow. Our team brings a proven track record of success in building great companies and a unique combination of experience and resources that we leverage to help you take your company to the next level. Our Thesis Contemporary enterprises prioritize innovation. The implementation of technology to modernize outdated business processes has catalyzed a new era of productivity growth along with a shift towards everything being digital, anytime, anywhere. And the people building the next category-defining companies for enterprise exist everywhere, not just the traditional technology hubs. With so much capital in the industry, we don’t want to be just a check. We lead rounds, take board seats, and take it upon ourselves to implement a deeply hands-on and supportive approach with our founders and CEOs. Our ValuesFocus: We spend time on what matters because we invest exclusively in early-stage enterprise software and have been founders before. Our strongest value-add derives from our real-world experience building great companies. Availability: Startups are roller coasters. We think about ourselves as a 24/7 resource through the ups and the downs. Empathy: We’ve been in your shoes and want working with us to be as enjoyable and supportive as it is productive. Conviction: Our low-frequency and high conviction approach to investing translates to how strongly we believe in our founders and their businesses. We move quickly and seamlessly through diligence and term sheets because we know that you want to focus on building your business. Investment CriteriaStage: We target the Seed stage. We find that to be the most exciting time to partner with companies and the stage that we can add the most value as investors. Geography: We invest primarily in companies based in the Northeast, Southeast, Mid-Atlantic, and Midwest. Sector: We invest exclusively in B2B software. While we're industry agnostic, we focus on Vertical Software and Knowledge Worker Tools as broad themes. Traction: Our investments typically show early signs of product-market fit and revenue traction. For a typical SaaS company, our sweet spot is $20-50K+ in MRR. Check Size: We target $1.5-2.5M initial checks and reserve capital for follow-on rounds. Structure: We prefer to lead rounds.

We partner with founders who have experience and expertise in industrial automation, healthcare, and enterprise spaces and are building the next industry game changer. We invest in Pre-Seed, Seed, and Series A companies anywhere in the United States and Canada. ‘VALUE ADD’ IS MORE THAN ASKING ‘HOW CAN WE BE HELPFUL’ Whether it’s customers and revenue, talent, partners, or investors, we help bring a variety of diverse perspectives to the table to help our companies succeed. Our CXO Network , consisting of 44 C-level executives from Global 1000 Corporates and other major institutions, consistently generates valuable insights and customer connections and has created many sources of revenue for our companies. THE DNA OF THE FUND IS ROOTED IN THE TEAM’S TECHNICAL AND ENTREPRENEURIAL BACKGROUND As former technical operators who have previously built and exited companies, we know what it takes to build successful enterprises and how to overcome challenges specific to those building technology startups.

Cocoon Capital is a leading, early-stage venture capital firm investing in Southeast Asian enterprise and deep tech startups. We engage deeply with our portfolio companies, acting as trusted advisors. We strive to give founders the necessary resources to accelerate their businesses and personal growth in a holistic environment. How do we work with you? As an active, early-stage investor, we allocate substantial time to each new company post-investment by only doing 6 new deals each year. We act as your trusted advisors supporting you in all aspects of running a business. To help you grow, we put special emphasis on your and your co-founders’ personal development. We enjoy that you are proactive and clearly state what you need from us; in return we will work relentlessly to deliver. We always seek to build long-term partnerships so that we can support you in both good and bad times. How do we source deals? Always on the lookout for the best founders in Southeast Asia, you can find us at events, conferences, demo days and at our monthly mentoring sessions that we do around Southeast Asia. We look for resilient and focused founders who are not afraid to fail forward. Our own founding experience has taught us that a seed-stage startup is a work in progress, so we are more interested in where you are going than where you are at right now. What are we looking for?Strong teams: The best teams have the right mix of deep knowledge & the ability to hustle their way through.And they enjoy working together, understand that success takes time, and can manage risk and stress. Real commitment: We are relaxed and informal but we can also be pretty straight shooters if required. As hands-on investors, we enjoy working committed teams who are ready to listen, learn and test. Exit potential: We generally invest in companies where we believe an exit could happen in 6 to 8 years. This means your market size has to be large enough and that there has to be potential buyers of your business. Scalability: Whether a copycat or an original idea, your business needs to be scalable in a sufficiently large market and be able to reach critical mass within the next 5 years. Enterprise focus: We believe investors do a better job if they stay focused. Therefore, we primarily target enterprise & deep tech companies. We believe these verticals have the largest chance of success in the current market environment. Singapore holding: While we invest in startups across Southeast Asia, companies have to agree to incorporating a holding company in Singapore before we close the deal. How does it work?Apply: We only consider applicants that have gone through our online registration system. Investment amount: We typically invest from S$500k to S$1m, depending on how much your company needs for an 18-month runway. Time frame: If your pitch deck interests us, you’ll be contacted for a follow-up meeting. We will then do due diligence on all the information provided and if everything goes well, we will sign a term sheet. The process then typically takes 8 to 10 weeks until the investment is completed. Keeping it confidential: We commit to keeping your application and all information shared with us confidential. However, we only sign non-disclosure terms as part of our term sheet and will not sign a separate NDA (Non-disclosure agreement) prior to that. This is standard practice across most institutional investors. What are the terms? Ownership stake: We don’t have any strict ownership requirements but we usually target to own more than 20% of the business after the first round of investment. Leading the round: We invest in a limited number of start-ups each year with a high degree of involvement in leading and coaching the teams. We therefore prefer to lead the seed rounds we participate in. Board seat: We always require at least one board seat for all our seed investments. However, we still find that most of our work with our portfolio companies happens outside the board room.

Technology is driving fundamental transformation across all industries. By leveraging technology and data, tech entrepreneurs are quickly solving complex problems and identifying new opportunities, with extraordinary results. Established industry heavy weights with their experience, footprint and infrastructure can either be a target for disruption or emerge as natural partners to tech companies and together with them champion this new world. Arc The Gap arc investors invest in impact driven entrepreneurs and extraordinary technologies that will transform traditional ecosystems. As investors with a background in and access to legacy industries, we act at the intersection of industry and technology. In connecting relevant dots from both worlds we see a unique opportunity to improve the odds for success, to validate and de-risk as much as to fast-track access and scale. Ultimately we believe this creates unique risk-reward situations. Where We Arc We can and do engage at any point in an exceptional entrepreneurial journey across sectors, including in special situations. We have a preference for B2B or B2B2C solutions in the fields of Industrial & Enterprise technology, Fintech and Digital Health. We are attracted to ecosystems that have distinct and deep sector and domain expertise and share our ambition to drive transformational change for industry at an enterprise level. Arc ValuesENTREPRENEURIAL: We are curious, courageous and committed, such as the entrepreneurs and ecosystems we engage with. IMPACT DRIVEN: We hunt the quick wins as we simultaneously work hard and persistently on the longer shots. We want to make theories a reality, driving action and outcomes. AGILE: We believe in a simple, fast, direct and informal communication and collaboration. PARTNERSHIP: We believe in relationships based on trust and respect. We count on our partners and they can count on us. Arc An arc connects two points on a curve. Due to its unique foundation and structure, it supports more weight and offers more flexibility than any straight line.