Southeast Asia’s late-stage start-ups are attracting growing interest from blank-check companies that want to take them public, a venture investor tells CNBC.
More than 40 SPACs — are targeting the region, according to Vinnie Lauria, managing partner at early-stage venture capital firm Golden Gate Ventures.
“SPACs have really put ASEAN on the map,” Lauria said Thursday on CNBC’s “Street Signs Asia,” referring to Southeast Asia’s economic bloc comprising 10 member states. Other late-stage investors, including private equity players, are taking note and writing large checks in the region, he said. Read more.
