SBK Tech Ventures Invests US$7.1Mn in Six Startups

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SBK Tech Ventures has disclosed its investment in six Bangladeshi startups, totaling US$7.1Mn. The investments, finalized in the second quarter of this year, saw the fund providing US$1.5Mn each to artificial intelligence startup Markopolo and mobility startup Jatri, US$1.1Mn to climatetech startup Solshare, and US$1Mn each to agritech startup Fashol, healthcare startup Arogga, and edtech startup 10 Minute School.

The fund’s Founder & Managing General Partner Sonia Bashir Kabir noted, “Bangladeshi startup founders are undervalued and unnoticed. They have numerous opportunities for delivering impact through tech-enabled business models. The total investment in this round reflects our confidence in the success of these startups which solve problems of the masses, leverage technology to scale and create a transformative impact. We are passionate about supporting our local entrepreneurs help drive inclusion, empathy, and innovation-ignite sustainable economic development. We are ecstatic about partnering with these incredible founders who will be making history! With our investments, we aim to achieve our long-term vision of engaging with stellar founders who hit inflection and escape velocity.”

More information on the invested companies as provided by SBK Tech Ventures:

SBK Tech Ventures, which started off angel investing and community building, exclusively invests in Bangladeshi startups and has reported a portfolio of 46 companies, with one successful exit from its first angel investment in 2020, yielding a return of 1,700%.

The fund has stated its intention to continue investing in Bangladesh, aiming to prioritize gender-lens investing and climate tech initiatives.

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SBK Tech Ventures Invests US$7.1Mn in Six Startups

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