Singapore-headquartered early-stage VC agency Altara Ventures at this time introduced the ultimate shut of its first fund oversubscribed at US$130 million.
The preliminary goal was US$100 million.
Traders embody institutional funds, sovereign wealth funds, monetary providers establishments, publicly listed companies and outstanding household workplaces.
Altara Ventures is concentrated on early-stage investments in high-growth tech startups, together with fintech, client, enterprise software program, logistics, healthtech and edutech. The VC agency is led by 5 Common Companions, specifically Koh Boon Hwee, Tan Chow Boon, Seow Kiat Wang, Gavin Teo and Dave Ng.
Altara has made seven investments up to now, together with Tonik (the Philippines), Stashfin (Singapore), Sampingan (Indonesia), Clevai (Vietnam), PolicyStreet (Malaysia), and Senseye and FreeAgent CRM (each within the US). On Wednesday, Tonik introduced the completion of its US$131 million Sequence B fairness funding spherical.
Additionally Learn: Koh Boon Hwee-backed US$100M+ VC fund Altara Ventures to spend money on 20-25 corporations in SEA
It would proceed to actively deploy capital into Sequence A- and B-stage investments in fintech, client, enterprise software program, logistics, healthcare and schooling know-how.
The agency expects 2022 to be an thrilling 12 months forward; it’s already within the strategy of main and shutting one other three new investments in Q1.
Altara Ventures was launched in September 2020. On the sidelines of the launch, Common Associate Dave Ng informed e27 stated that it deliberate to help a complete of 20-25 corporations working primarily within the Singapore, Indonesia, Vietnam, Malaysia, Thailand and Philippines markets.
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