Wow! What an amazing Demo Day for our seven startups in cohort 2.
Last week, on Thursday 25th January, our startups presented their businesses to a private, invitation-only audience of investors, strategic partners, press, and media.
It was a tremendous turnout - not only in quantity, but quality, too. We were delighted to see most of the key players in Hong Kong's startup and investment ecosystem in attendance cumulating in 360+ event registrations.
During the event, we were excited to announce the significant traction Betatron has generated since we launched the first cohort less than a year ago.
To date, Betatron has raised funding from 21 investors and has now deployed a portion of that capital in 11 startups across the two cohorts so far.
After joining the Betatron program, the funding hasn't stopped for our startups. So far, a total of US$2.4M further funding has been raised by our startups, with, most significantly, 62% of the capital coming from Betatron’s founding partners.
Therefore, you can almost think of our program like receiving investment for a four-month intensive optimization and due diligence process. And then, when you're ready to scale, there's plenty of capital in our investor network waiting to be immediately deployed.
Are you struggling to raise your Series A? Betatron could be the answer.
The numbers so far...
No. of cohorts: 2
No. of founding partners/investors: 21
Number of startup investments: 11
Betatron’s investment into startups: US$330,000
Capital raised for startups post/during program: US$2,400,000
Follow-on funding from Betatron partners/investors: 62%
And... cohort 2 still isn't over!
Huge credit to our startups for their fantastic pitches on the night. It's never easy as an entrepreneur to dedicate hours of precious time to practice for demo day. Especially when you've got a business to run, clients to serve, and employees to look after. And even more so when you have a baby due at any moment, like Paddy Markham from CAPSL had to endure! Congrats on becoming a Daddy, Paddy!
For everyone in attendance on the night, we created a demo day booklet which gave an updated overview of each startup. If you didn't attend and would like a copy, email me and I'll send it over.
Thanks for your support!
A big thank you again to everyone who came to support and our amazing Demo Day sponsors:
BeFast.TV - ensuring we captured everything on video...
Peroni & BottlesXO - ensuring everyone had a beer at all times, the wine connoisseurs weren't disappointed, and helping to loosen potential investors' cheque books!
I spoke with our Director, Nio Liyanage, to hear his thoughts on the event:
"We’re proud to have had such an impact on the startup ecosystem in just our first year. The runaway success of Demo Day is a testament to our determination to keep improving, the exceptional quality of our startups, and the overwhelming support of the community."
"With the most comprehensive acceleration programme available and aggressive growth in the pipeline, Betatron is positioned to be Hong Kong’s most active and influential early-stage investor in the years to come."
Applications for our next cohort are coming in fast. Here's a reminder of the details for cohort 3.
No. of startups accepted: Up to TEN
Programme start date: 2nd April 2018
Programme duration: Four months
Key objective: Position each startup to raise their first institutional funding round
Applications close: 1st March 2018 OR once we find our chosen startups.
Please remember, the earlier you apply, the higher your chances of being accepted, as we are starting to interview applicants on a weekly basis.
To submit your application, visit: betatron.co/apply
If you have any questions, please let me know.
I look forward to learning about your startups and exploring how Betatron can help! :)