Orbit Startups Secures $60 Million to Invest in Emerging Markets

Orbit Startups has successfully raised $60 million in funding to support investments in emerging and growth markets worldwide. Managing General Partner William Bao Bean stated that the funding aims to accelerate the digitalization of traditional industries while also backing technologies that help individuals increase their income and improve their quality of life in a sustainable manner.

The fund will be allocated to various sectors, including agriculture and supply chain, to drive digital transformation. Additionally, it will support startups focused on sustainability and economic empowerment. William Bao Bean expressed gratitude to the founders, mentors, investors, and fellow venture capitalists for their belief in Orbit Startups' mission, stating, "Thanks to our founders, mentors, fellow VCs and of course our investors for believing in the Orbit vision to digitize traditional industries, from farming to supply chain, as well as tech to help people grow their income improving their quality of life, all in a more sustainable way."

With a focus on fostering entrepreneurship in emerging markets, Orbit Startups aims to provide capital and strategic support to high-potential founders. The company also acknowledged LEAP for featuring its work in advancing digital transformation. The fund is expected to contribute to the development of innovative business models and drive long-term economic impact in the regions where it operates.