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A deeper look into Funding situation of HK early-staged startups – HK startup ecosystem analysis

In a series of blogs, we are going to share with you our findings and insights of Hong Kong’s startup ecosystem, focusing on the funding stage of local early-staged startups.

With the success of several local startups like GoGoVan and the expansion of the American startups such as Uber entering Hong Kong market, a change can be seen in this city. Their unexpectedly high popularity among Hong Kong people perhaps suggests the possibility for entrepreneurs to succeed. And in recent years, there have been increasing new businesses with astonishing ideas and entrepreneurs who are willing to take the risk.

With innovation, great entrepreneurs and sound business plans, capital and support framework become the next important thing in transforming dreams into reality. Base on this, we, archiparti, as a growing Hong Kong startup, would like to shed light on the recent local startup ecosystem and examine what plays the vital role in determining startup’s opportunities of getting investment.

It is hoped that our analysis can help to raise awareness to the Hong Kong startup market and illuminate the development prospect through investigating the ecosystem from different perspectives. Followings are the basic findings with our dataset and more is going to be rolled out:

  • Number of local startups involved: 232
  • Percentage of funded startups: 23%
  • Major sources of data: AngelList, Crunchbase, government statistics, etc
  • Data as of October 2016

 

Curious about what’s going on in Hong Kong’s startup industry? Which types of startups receive more fundings or which field is facing a greater hurdle to obtaining capital? In following blogs, we will present you with our analysis result and give an answer to your curiosity! So stay with archiparti for more astounding findings.

 

Yuki, archiparti blog contributor

 

archiparti empowers one-person design firm. From corporates, small teams to one person firms, the world is changing – Gig Economy, Workation, Remote teams – there has been a macro shift towards a new way of work, we are enabling designers in the traditional design and build industry to go independent, focus on creativity, design anytime anywhere, with quality and efficiency. The result is a much more streamlined and efficient project management process for project owners, affordable price and a much more individualized and interesting physical world. Come join the change today!

Disclaimer: We used AngeLlist as the starting point to filter a list of Hong Kong early-staged startup to be our analyzing target. Alongside, Crunchbase and government statistics are other sources that we look at to verify and supplement the database. We are not incentivized by any startups or individuals to conduct this analysis.

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