Ashraf Sinclair Joins 500 Startups as Venture Partner

500 Startups announced venture partners for Indonesia from the entertainment world, Ashraf Sinclair. In received release DailySocial, Managing Partners 500 Startups Khailee Ng said that the appointment of Ashraf as a partner of 500 Startups was the first recruitment in Indonesia. Khailee herself has relocated to Indonesia over the past year to dive deeper into Indonesia's startup ecosystem.

Ashraf will take care of 500 Durians the second stage, fresh funds used to invest in the Southeast Asian region, with a focus on countries such as Malaysia, Thailand, Vietnam, Singapore and Indonesia. The main funding focus is on seed funding rounds for around 200 startups with funding values ​​ranging from $50 thousand to $150 thousand.

"After seeing Ashraf's performance in the entertainment world, I believe Ashraf joining the 500 Startups team will give fresh air to talents from the creative world, especially in local entertainment which has been dominated by Ashraf," said Managing Partners 500 Startups Khailee Ng.

Previously, Khailee had known Ashraf as an angel investor from one of the Korean startups, Althea, which was recommended by Khailee.

“I see the ambition that Ashraf has for creative talent in the world entertainment, can support the new generation in Indonesia.”

500 Startups have actively invested in various Indonesian startups, including Bukalapak, HijUp, and Kudo. The 500 Durians fund phase 2 is worth a total of 650 billion Rupiah.

Ashraf has appeared representing 500 Startups in the inauguration of the coworking space Rework some time ago. Reluctant to announce the inauguration of himself as a venture partner at 500 Startups, Ashraf emphasized that he would focus on young entrepreneurs who have startups or businesses in the early stages.

“Indonesia has now become a market, no longer demand more for entertainment but also services and products as well as solutions that can be provided by entrepreneurs. By joining me in 500 Startups and the trust that has been given, I hope it can be the right platform for me to work faster and to stairs, said Ashraf.