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Tuesday, February 20, 2024

U.S.-based VC Firm Launches $100 Million Fund Focused to Invest in Southeast Asia

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The fund is looking to buy 15 to 20 companies based in Southeast Asia, Hong Kong, India, Australia and also New Zealand

MassMutual Ventures, a global investment firm, on Tuesday introduced its 2nd Southeast Asia-focused fund of $100 million to buy very early and also growth stage business in the digital health, fintech, and enterprise software application industries.

In addition to Southeast Asia, the business will additionally target start-ups in Hong Kong, India, Australia, and New Zealand.

MassMutual Ventures, a system of Massachusetts Mutual Life Insurance Policy Firm, currently has $350 million in resources under management, spread out throughout 4 funds – 2 $100 million funds in the UNITED STATE, and also two in Southeast Asia – $100 million and $50 million deployed earlier.

“This added resources will certainly enable us to buy even more start-ups in the region that have the capability to produce favorable returns for MassMutual,” claimed Doug Russell, taking care of director and also head of MassMutual Ventures in a press statement.

Begun in 2014, the investment firm has purchased nearly 40 business across the globe, including Europe, Israel and Southeast Asia.

In Singapore, it has purchased Milieu, a market research and data system, Biofourmis, an AI-based platform for therapeutic decision support, as well as insurtech company Qoala, to name a few.

The firm intends to invest in an additional 15 to 20 start-ups in the region using resources from the new fund, its financial investment officers claimed.

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