AirAsia Launches Venture Capital Fund in the US

RedBeat Ventures, the digital venture capital arm of AirAsia, a low-cost carrier, services an extensive network of over 140 destinations across Asia Pacific, is establishing a global fund.

Based in San Francisco, RedBeat Capital is designed to support post-seed stage startups, investing in scalable startups seeking to enter or expand their presence in Southeast Asia, with a particular focus on:
– Travel and lifestyle
– Logistics
– Financial technology
Led by CEO and AirAsia Group Deputy CEO (Technology and Digital) Aireen Omar, the fund will also invest in digital enablers to support these verticals such as:
– artificial intelligence,
– the internet of things, and
– cybersecurity.

RedBeat Ventures, which also announced a strategic partnership with 500 Startups, gaining access to its deal flow, currently operates a number of digital-related businesses, including:

• BIGLIFE (AirAsia BIG Loyalty, travel360.com and Vidi),
• ROKKI,
• BigPay,
• RedCargo Logistics, and now
• RedBeat Capital.

FinSMEs

04/03/2019