Singapore-based venture capital firm Altara Ventures has successfully concluded its first fund worth USD$130 million, a feat that looks to back upcoming Southeast Asian startups in the technology industry.
According to co-founder Koh Boon Hwee, the fund is expected to contribute to the 'next wave of tech companies.’ Other than their recent achievement, the firm has taken part in a total of seven investments so far, providing Series A and B funding to sectors such as fintech, logistics, healthcare and edutech, to name a few.
It is also in the process of participating in three investments expected for the Q1 chapter of 2022.
Established in 2020 and led by partners Koh Boon Hwee, Tan Chow Boon, Seow Kiat Wang, Gavin Teo, and Dave Ng, Altara Ventures' investment profile consists of international companies including Philippines-based digital banking platform Tonik, credit line and personal loan app StashFin, Malaysia's digital insurance option PolicyStreet and US-founded Senseye.
Photo Credit: Altara Ventures