Hive Ventures aims to take Taiwanese startups global

Keeping up with their western counterparts like Silicon Valley, many Asia-Pacific countries have been slowly emerging as global startup hubs. One of these emerging startup hubs is Taiwan, which is making considerable efforts to become more startup-friendly.

For the past four decades, the country has taken a dynamic approach to supporting the startup sector. In recent years, there has also been an increase in venture capital investment, government initiatives, and sectoral reforms in Taiwan and these changes have reinvigorated innovation and led to more global entrepreneurs setting up their base in the country.

A company that is contributing to Taiwan’s burgeoning startup scene is Hive Venture, a global venture capital firm committed to accelerating technological advancements from Taiwan to build a smarter, hyperconnected world.

Led by a team of entrepreneurs with deep expertise in AI and big data, Hive invests in early-stage companies developing the building blocks of AI, SaaS, Software and other future technologies.

We caught up with Co-Founder, Yan Lee who spoke about Hive’s mission to accelerate technological advancements from Taiwan and to elevate the country’s thriving startup ecosystem. He also shared his perspective on the funding winter and what this means for VCs and startups, including key trends that are set to shape the VC space in 2023.

Additionally, Yan touched on:

The firm’s US$13.5 million Hive Ventures Fund and how it has deployed these funds
The companies under Hive’s portfolio
Advice for startups that are looking to be funded