The newly launched Altara Ventures is looking to raise $100 million for a fund that targets early-stage investment opportunities in Southeast Asia.
The venture capital firm, led by former DBS chairman Koh Boon Hwee and four seasoned investors, will focus on regional opportunities in fintech, consumer, enterprise software, logistics, healthcare, and education technology, according to an announcement.
The firm said it has already secured about half of its target, with anchor limited partners that include «a leading financial services institution, a publicly listed technology corporation, and a prominent family office.»
Altara intends to invest $3 million to $5 million in early-stage companies and has already investments Philippines digital bank Tonik, mobile-first consumer credit platform Stashfin and deep tech/AI startup Senseye.
Experienced Team
Altara's five partners are serial entrepreneurs and seasoned investors with a track record of building companies across Silicon Valley and Asia.
Apart from Koh, the team comprises Tan Chow Boon and Seow Kiat Wang, former partners at private equity fund Credence, where Koh was chairman; Gavin Teo, former general partner at B Capital; and Dave Ng, also formerly of B Capital and Southeast Asia head at Eight Roads.
