Scale Asia Ventures

Sierra Ventures invests in the future of The Enterprise. We invest early – primarily Seed and Series A – and look for proven product market fit, disruption in the market, and strong IP. We tend to lead investment rounds and reserve capital for follow on rounds to support our entrepreneurs as they grow. We believe that partnership is paramount. We work closely with all of the entrepreneurs we invest in, guiding them with expertise and capital to help their companies grow and deliver on their promise. We understand that great companies don’t get built overnight, and we don’t mind rolling up our sleeves and getting our hands dirty. In fact, we enjoy it. Sierra’s Investment FocusDATA/AI The volume of data has exploded, and with the emergence of the cloud, new tools are being developed with many data infrastructure software platforms focusing specifically on artificial intelligence (AI) & machine learning (ML). We’re excited about companies that make it easier to ingest, access, and analyze data. Sub-sectors within Data/AI include AI/ML and Big Data. VERTICAL SAAS Many industries that rely on excel or pen and paper have been forced to dramatically increase the pace of technology adoption. Vertical SaaS represents the shift to specialization where software is business-specific and is designed for a specific domain. Sub-sectors within Vertical SaaS include FinTech, EnterpriseApps, and Security. INFRASTRUCTURE Next-Gen Infrastructure will be the core connecting fabric for all future technology capabilities. Wide-scale improvement is needed in order to enable applications to run consistently in almost any location across the globe. Organizations have expedited infrastructure modernization strategies which continues to drive growth in the sector. Sub-sectors within Infrastructure include Cloud and IoT. Next-Gen TechnologiesDIGITAL HEALTH Adoption of Health software has been faster than ever before due to the pandemic tailwind and technology trends that put the consumer in charge. New tools are being developed to reach patients creating opportunities with Pharma, Providers, and Payers. We anticipate a dramatic shift towards more value based care (payer / provider) and digitization and decentralization (pharma). WEB3 Web3 promises to make the internet as accessible, open sourced, secure, and decentralized as possible with the goal of benefiting the people engaging, not central organizations. We are looking at the full Web3 ecosystem including Decentralized Applications (DApps), Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Decentralized Autonomous Organizations (DAOs), Cryptocurrencies, and more. A sub-sector we focus on within Web3 includes Blockchain. INDUSTRIAL AUTOMATION Digitally non-native industries like Manufacturing, Supply Chain, and Logistics are seeking ways to find cost parity and production reliability while adhering to increasing demand across the globe. Humans alone will not be able to keep pace with these market trends and automation will be a key driver in movements like Industry 4.0. Sub-sectors within Industrial Automation include Robotics and Devices. CONSUMER The ubiquity of smartphones has enabled consumers to access goods and services with relative ease and companies are tuning into customer needs and engaging with their increasingly loyal customer base, leading to viral adoption patterns. Additionally, Consumer social platforms have allowed individuals to express themselves and make money doing it, giving more power to the “Creator Economy”. We are interested in Creator Economy and mission driven D2C Applications & Marketplaces. ECOMMERCE A fast growing eCommerce market has been bolstered by the pandemic and every part of the value chain is seeing disruption. The eCommerce software market is driven by market trends like headless eCommerce and ReCommerce. B2B eCommerce has exploded globally and we think the US market will catch up in the coming years. A sub-sector we focus on within eCommerce is Marketplaces. EDTECH Digital and tech-enabled learning has been accelerated in the classroom and the boardroom by the pandemic and social trends such as “the great resignation”. Trends like VR/AR and the Metaverse becoming mainstream combined with the price of enablement devices like smartphones, tablets, and computers decreasing to make technology more accessible than ever have created a market that is ripe for EdTech to flourish.

We believe that Web3 and blockchain are the foundations of the new digital, decentralized economy. To this end, we’re partnering with startups that are advancing the future of Blockchain technology. We provide early stage founders with the capital, network connections and most importantly, the advice they need to transform the Web3 landscape in India. Why it Matters?Partnership with India’s largest wealth tech destination Access to a network of 70+ global venture capital partners Capital infusion up to $250,000 Mentorship from in-house experts

HB Ventures is a venture capital firm that invests in Deep Tech and Web3 opportunities in Asia Pacific and other regions. We focus on investing in early and growth stage technology companies. Our typical investments are Series A to Pre-IPO stage companies whose founders have built solid traction, and we come in to bring in capital and corporate networks to accelerate expansion. We invest in scalable businesses with sustainable model built around core technology. Sectors: Semi-conductor, Artificial Intelligence & Machine Learning, Web 3.0, Advanced Manufacturing, Biotech, Medical Equipment, Renewable and Alternative Energy, Fintech,and other emerging technologies Target Regions: Greater China and Southeast Asia, and we are also open to investment opportunities in the US & Europe Investment Ticket: Initial USD1-5 Million (up to RMB50-100m with our strategic partners and co-investors) Business Model: Technology led and capital efficient companies whose founders have clear vision and proven traction in building companies Our Deep Tech funds focus on early growth to Pre-IPO stage companies while our Web3 funds, in collaboration with our strategic partner Web3Labs, focus on earlier stage opportunities as well as Fund of Fund investments. We also provide AI Cloud services as well as Incubation programs to our Web3 related portfolio companies. Our Advisory Board and Partners have backed 100+ technology companies with notable capital market and M&A exits, and they are here to bring deep industry insights and networks to our portfolio companies. Experience and Expertise: Our partners and advisers have hands-on experience in building successful technology companies from sketch in leading roles Extensive Business Network: The track record and diverse background of our partners and advisors allows us to provide senior connections critical for scaling up the operation of an early-stage Future Financing and IPO: We will bring in our corporate finance experiences as well as networks with late-stage funds and banks to accelerate the growth of our portfolio companies. We could assist, or even take a leading role, in further fund raising and IPO of our portfolio companies A Strong Community + Decades of Experience = Wisdom and EmpathyTransparency: We are direct, honest and cooperative in our interactions with each other, our entrepreneurs and LPs Entrepreneurship: We are more than just investors, we are entrepreneurs: pragmatic, risk-tolerant and decisive when key opportunities arise Team: We are a diverse team in skills and backgrounds and achieve our goals through building cooperative relationships Winning Mentality: We are ambitious like the entrepreneurs we invest in. We walk the extra mile to build global companies

BlackWood was founded by experienced financiers and entrepreneurs who saw the need to help investors get access to VC by offering a diversified fund and the opportunity for angels to co-invest in selected startups. Our people Our founding partners are supported by 8 team members with backgrounds in finance, entrepreneurship, and technology. We have European DNA and speak English, French, German, Dutch, Swedish and Danish at the office. Our vision We want to optimize the access to capital for startups as well as generate attractive risk-adjusted returns for our clients. We do this by blending traditional VC investing with the additional know-how of leading angel investors. We arePan-European. We have grown and nurtured close relationships with 70+ of Europe's leading accelerators, incubators, and universities. With these partnerships in more than 15 countries, we are well-positioned to find the next European unicorns. Community. BlackWood's dedicated investor club counts over 1,000 angel investors, whom each bring diverse expertise, experiences, and personal networks to the table. When we invest in a startup, we enable our investor club to co-invest with us, to support the founders we chose to work with. Systematic. We leverage artificial intelligence to conduct a deep analysis of the value proposition, strategy, team, and financial aspects of every startup we look at.​ This systematic approach allows us to analyze over 300 startups per month within fintech, deeptech, and cleantech. Builders. Our team has founded multiple successful companies, with €100m+ exits, so we know what it takes. We understand the challenges that startups face during the earliest stages and can help avoid common pitfalls by leveraging our experience and network. We look for bold ideas and visionary entrepreneurs, just like us.

YZi Labs manages over $10 billion assets globally. Our investment philosophy emphasizes impact first -- we believe that meaningful returns will naturally follow. We invest in ventures at every stage, prioritizing those with solid fundamentals in Web3, AI, and biotech. YZi Labs’ portfolio covers over 300 projects from over 25 countries across six continents. More than 65 of YZi Labs’ portfolio companies have gone through our incubation programs.

BlueYard invests in founders with transforming ideas that decentralize markets and empower humanity. Most active in crypto / web 3 (e.g. Protocol Labs, Filecoin, Open Zeppelin, Radicle), technologies that help us overcome our largest planetary challenges (e.g. Marvel Fusion, Meatable, Dance), frontier biology to help us live long and prosper (e.g. BitBio, Biofidelity) and vertical software un-bundling monopolies (e.g. Pitch, Wonder).