Koh Boon Hwee-Backed US$100M+ VC Fund Altara Ventures to Invest in 20-25 Firms in SEA

Koh Boon Hwee-Backed US0M+ VC Fund Altara Ventures to Invest in 20-25 Firms in SEA

A group of tech and investment veterans, including Koh Boon Hwee, Tan Chow Boon and Seow Kiat Wang, have joined hands to launch Altara Ventures, an early-stage VC fund targeted at the Southeast Asian markets. Other General Partners of the fund are Gavin Teo and Dave Ng.

“We are targeting a US$100M+ fund and are in the process of fundraising,” General Partner Ng told e27. “We look to invest US$3-5 million on an average in pre-Series A, Series A and selectively some Series B companies. We prefer to lead and are also open to collaborating with other funds as co-investors.”

Headquartered in Singapore, Altara aims to invest in the fintech, consumer, enterprise software, logistics, healthcare and edutech verticals.

The firm plans to support a total of 20-25 companies operating primarily in the Singapore, Indonesia, Vietnam, Malaysia, Thailand and Philippines markets.

It has already made three investments — Tonik Financial, a digital bank providing consumer banking services in the Philippines; Stashfin, a mobile-first digital fintech providing consumer credit in India; and Senseye, a deep-tech, AI and data science company that provides insights into user cognitive states.

Altara’s Limited Partners comprise a leading financial services institution, a publicly-listed technology corporation and a prominent family office.

South Africa Today

Read more at VolaNews

Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.