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Exponential Partners & Pegasus Tech Ventures announces Winner of Startup World Cup 2021 Mongolia Regional

Chimege becomes the Startup World Cup 2021 Mongolia Regional champion

Ulaanbaatar, Mongolia

May 7, 2021

Exponential Partners & Pegasus Tech Ventures today announced the winner of Startup World Cup 2021 Mongolia Regional Finale, Startup Chimege, which battled top 10 tech Mongolian startups for the title of Startup World Cup Mongolia Regional Champion and MNT 100,000,000 investment prize from MCS Investment at the Finale event in Ulaanbaatar on May 7th, 2021. Tab Solution came in 2nd and received MNT 60,000,000 in investment from Premium Group & Socratus Startup Studio & Erxes came in 3rd and received MNT 40,000,000 in investment from Premium Group & Socratus Startup Studio. OneFit received a special award from IT Park, 2-year incubator program.

The competition was held on a virtual platform, and was kicked off by speakers including Tim Draper, Founding Partner of Draper Venture Capital; Leah Edwards, Partner of Pegasus Tech Ventures; and Bill Reichert, Partner & Chief Evangelist of Pegasus Tech Ventures.

“The biggest bottleneck for Mongolian startups to go global, in my view, are global know-how and global network. Startup World Cup, being the world’s largest startup pitch event, provides an exceptional opportunity for Mongolian startups to be able to meet and to connect with thousands of global ecosystem players, including investors, accelerators, startups, global tech giants, and startup/tech media” said Mergen Chuluun, Founding Partner & CEO of Exponential Partners, and the organizer of the of Startup World Cup Mongolia Regional. “We are excited that one startup will represent Mongolia at the global pitch competition for the first time this fall in Silicon Valley.  It has been our honor to provide opportunities for Mongolian entrepreneurs to hear from and to connect with global investors and speakers such as Tim Draper, Bill Reichert, Laura Edwards, Adeo Ressi, Dean Lindal, and Rebecca Fannin at our regional event.  It’s also exciting that the leading corporations and ecosystem players all came together to support this endeavor to make this a reality. ”

This year’s Startup World Cup winner was selected by an All-Star panel of investor judges, including Bill Reichert from Pegasus Tech Ventures, Rebecca Fannin from Silicon Dragon Ventures, Dean Lindal from International Deal Gateway, Adeo Ressi from the Founder Institute, Myagmarjav Ganbyamba from MCS Investment, Gankhuyag Adilbish from Premium Group, Bat-Ireedui Jargalsaikhan from Gund Investment and Tsogtgerel Erkhembayar from IT Park. The event was sponsored by MCS Investment, Premium Group, Socratus Startup Studio, IT Park, EY, TESO Corporation & MahoneyLiotta.

Other Top 10 finalists competing at the Startup World Cup 2021 Mongolia Regional, included:

  • Zochil Technology
  • Orda Wealth Tech
  • Smart Money
  • Zeel.mn
  • Chatbot
  • Clinica

About Pegasus Tech Ventures
Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley with $1.5 Billion in Assets Under Management. Pegasus offers intellectual and financial capital to emerging technology companies around the world. In addition to offering institutional investors a top-tier venture capital investment approach, Pegasus also offers a unique Venture Capital-as-a-Service (VCaaS) model for large, global corporations that wish to partner with cutting-edge technology startups. Some of the 35+ corporate partners that have signed up to work with Pegasus include ASUS, Aisin, SEGA, Sojitz, and Omron. These corporations are able to have access to 180+ Pegasus portfolio companies such as SpaceX, 23andMe, SoFi, Bird, Color, App Annie, and many more. To learn more, visit www.pegasustechventures.com.

About Exponential Partners
Exponential Partners is a boutique investment brokerage and growth advisory firm based in Ulaanbaatar, Mongolia. The Founders also organize the largest executive summits and leading edge executive workshops for the leading companies in Mongolia. To learn more, visit www.exponential.partners

Press Contact
Exponential Partners
Gema Gerelsaikhan +976 8002 5032
Gema@exponential.partners