Altara Ventures, a Singapore-based early-stage VC firm, today announced the final close of its first fund, which was oversubscribed at $130 million.
Institutional funds, sovereign wealth funds, financial services firms, publicly traded companies, and notable family offices are among the investors
Altara Ventures invests in high-growth digital firms in areas such as financial, consumer, corporate software, logistics, healthtech, and edutech at an early stage. Five General Partners lead the VC firm: Koh Boon Hwee, Tan Chow Boon, Seow Kiat Wang, Gavin Teo, and Dave Ng.
Tonik (Philippines), Stashfin (Singapore), Sampingan (Indonesia), Clevai (Vietnam), PolicyStreet (Malaysia), Senseye and FreeAgent CRM (Malaysia) are among the seven companies in which Altara has invested thus far (both in the US). Tonik announced the completion of its $131 million Series B equity fundraising transaction.
It will continue to invest in fintech, consumer and enterprise software, logistics, healthcare, and education technologies in the Series A and B stage.
The business anticipates a busy year ahead in 2022, having already led and closed three new investments in the first quarter.
