iSeed opens South East Asia fund

iSeed, the micro venture fund launched by the angel investor collective AngelList, has launched iSeed South East Asia, which will look to make seed-stage investments across Indonesia, Singapore, Vietnam, and Thailand, as it attempts to cash in on one of the world's fastest-growing startup ecosystems.

The target corpus of iSeed SEA has not been disclosed, as it is still in fund-raising mode, but it is expected to be similar in size to iSeed India, a $5 Mn investment vehicle led by Utsav Somani, who also leads AngelList India. iSeed India has struck about 12 investments to date while iSeed SEA has committed to about four investments so far.

"The India example has been wildly successful, and we wanted to start researching the region, and think about potentially replicating that model..We talked to a bunch of investors and founders and got very excited about the region, and we built the conviction to start this fund together," Wing Vasiksiri, managing partner at iSeed SEA said.

9 views0 comments
  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2021 by StartupNews. Proudly created in India