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.

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