The second fund of Dutch investment firm Orient Growth Ventures, which focuses on Southeast Asian and Indian startups, has closed. The company received commitments totalling US $90 million, more than three times the US $25 million it raised for its inaugural fund in 2020.
In order to close the gap between European investors and the venture capital ecosystem in India and Southeast Asia, Orient Growth Ventures was founded in 2019. The company’s website states that in addition to direct transactions, it specializes in venture fund investments.
It has backed several local venture capital firms, including TNB Aura, Jungle Ventures, and AC Ventures. Limited partners supporting its second fund comprise entrepreneurs, high-net-worth individuals from Europe, and family offices from Singapore and Europe.
“The closing of our second fund demonstrates the significant confidence among our investors in the potential of Indian and Southeast Asian markets,” said Ricardo Bun, one of Orient Growth Ventures’ two managing partners, in a statement.
