The final close of Integra Partners Fund II LP (Integra Partners Fund II) at $90 million was announced by the Singapore-based early-stage venture fund Integra Partners (Integra).
According to a statement from Integra, this brings the firm’s total committed capital under management to over $140 million.
According to the statement, Integra Partners Fund II is supported by international institutional investors such as the Norwegian Investment Fund for Developing Countries Norfund, the European Alternative Asset Management Group Tikehau Capital, the United States International Development Finance Corporation (DFC), and strategic corporates and family offices worldwide.
“In the past few years of low-interest rates, we’ve seen the rise of overvaluations amid the venture boom. In the next five years, that will not be the case,
“Integra has been well-positioned with our disciplined fund deployment strategy, always considering scalability and sustainability of all businesses we invest in,” said Jinesh Patel, Managing Partner at Integra.
Venture fund manager Integra Partners is based in Singapore and specializes in pre-Series A to Series B early-stage investments.
Integra invests in businesses across a range of industries that include financial services in their business value proposition in order to provide more lucrative and inclusive products and services, building on its FinTech track record.
This successfully enables the team to target a wide opportunity set from a different perspective.
“We included Digital Health in the mandate for Fund II as we see it as a test case to prove our thesis that FinTech is becoming a horizontal layer across all sectors and is embedded in all industries,” said Chris Kaptein, Managing Partner at Integra.
“For example, in emerging markets across Southeast Asia, access to healthcare is often a financial problem as medical inflation becomes a pressing concern,
“Similarly, we see applications of FinTech in almost every sector – e-commerce, AI, climate, logistics, education, and beyond,” he said.
The goal of Integra Partners Fund II is to equip tech entrepreneurs to expand Southeast and South Asia’s access to and affordability of ethical financial services and healthcare.
The fund focuses on opportunities in FinTech, insurtech, and digital health that take advantage of cross-sector synergies to promote financial and healthcare inclusion.
