May 2024 Newsletter

11 June 2024

M A Y  2 0 2 4
Supported by Fatima Group and British International Investment, Fatima Gobi Ventures (FGV) commits to Pakistan's tech scene, identifying opportunities amid capital scarcity. 
Fano Labs Secures Series B Funding for APAC Expansion
Fano Labs, a leader in multilingual speech recognition, has closed its Series B funding round with backing from Gobi GBA, Openspace Ventures, HSBC, and Greater Good Ventures. This investment will drive Fano Labs' expansion in the APAC region, boost their language AI technology, launch cutting-edge Large Language Model (LLM) products, and elevate their global footprint.
BioMed Technology, Lands Funding for Pioneering Pet Healthcare Solutions
BioMed's foray into the pet healthcare market has led to a collaboration with PetSpace, Hong Kong's top veterinary group, making BioMed the leading hub for pet microbiome data. BioMed's strategic partnership with PSG Vivet will launch personalised probiotics and gut microbiome tests for pets in Q3 2024.
T O P   S T O R I E S
From left: Kyle Wong and Teric Chan, Co-founders of Hong Kong-based PanopticAI and Sarkhail Bawany, Head of Product at Abhi, Pakistan

The entrepreneurs, artists, and changemakers featured on this year's 30 Under 30 Asia list are revolutionising their industries, inspiring their generation to shape Asia's future, and positively impacting their respective fields.
C O U N T R Y   A N D   I N D U S T R Y   F O C U S
Shifting geopolitical landscapes create new opportunities, with Chinese VCs focusing on the region. Gobi Partners targets Pakistan and Southeast Asia for rapid internet and mobile banking growth, recognising South Asia's investment potential. Gobi aims to foster sustainable growth across Asia, navigating diverse market regulations strategically.
Why Fasset is Focused on Financial Opportunities for All
From Bangladesh to LA and Pakistan to London, Dubai-based super-app co-founders, Mohammad Raafi Hossain and Daniel Ahmed's diverse journeys have given them unique insights into the challenges of accessing opportunities. Daniel says, "With roots in the East and experiences in the West, we deeply understand the struggles faced in emerging markets."
E V E N T   R E C A P
Gobi Partners at the BEYOND Expo in Macao
The Gobi team was well-represented at this year's BEYOND Expo, participating in key discussions and showcasing their portfolio companies. Here’s a quick recap:
P A N E L   H I G H L I G H T S
Global Investment Summit: Co-founder and Chairman Thomas G. Tsao tackled the complexities of cross-border investment in Asia. ORIGIN Asia Tech Conference: Thomas explored the bright spots for VC investing amidst global uncertainties.
"The Hidden Code: Unleashing Pakistan's Tech Potential": Moderated by Hisham Ibrahim, with Haider Raza (DealCart), Omair Ansari (Abhi), and Saad Raja (Intellia), discussing Pakistan's tech ecosystem.
P O R T F O L I O   C O M P A N Y   S H O W C A S E S
Chazence showcased eco-friendly materials made from agricultural waste at the Beyond Expo, alongside other Gobi portfolio companies, including Nex, Intellia and DealCart .
K E Y   D E V E L O P M E N T S
MOU Signing: Announced a collaboration with 大橫琴(澳門)有限公司 (Da Hengqin (Macao) Company Limited) for knowledge transfer in the GBA and Portuguese-speaking countries.
Fund at First Pitch Finale: Thomas served as a judge, evaluating startup pitches and providing feedback.
O T H E R   H I G H L I G H T S
Future of X Founders Bootcamp: Sessions moderated by Gobi Guangzhou Managing Director, Renee Pan (furthest left) and GUIDE Founder, Neil Cheong on building and scaling innovative companies.
Basketball Showdown: Managing Partner Chibo Tang’s team, coached by NBA legend Stephon Marbury, faced off against Henry Cheung’s team in an exciting game.
It was a fantastic week for connecting with industry leaders, fostering collaboration, and supporting the growth of Gobi's portfolio. Thank you for the opportunity – looking forward to next year’s BEYOND Expo!
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