Seed- and growth-stage investor Global Founders Capital (GFC), which has backed the likes of Traveloka and Lazada, is planning to invest in more than 10 early-stage companies in the next six months in Southeast Asia but will adopt a selective approach given the changing environment for tech investments, a top executive said.
“As the environment is changing, we will be more selective. The direction is more towards larger ticket sizes, high conviction, and raising the bar for proven and experienced founders due to the changing macro environment,” GFC partner (SE Asia, Pakistan, and Australia) Melvin Hade told DealStreetAsia in an interview.