According to Bloomberg, the Singapore-based venture capital company iGlobe Partners plans to raise $200 million for a fund that would invest in deep-tech businesses.
The founding manager of iGlobe, Koh Soo Boon, stated at a Bloomberg New Economy Forum interview in Singapore that the VC firm’s objective is to use intellectual property to produce income. “I’m still sticking to it,” she added.
The new investment vehicle, which, once funded, would become iGlobe’s fifth fund, would increase the company’s current assets under management by more than US $400 million. One of its most recent funds reached its ultimate closure in June of last year, raising $100 million USD to support businesses in fast-growing industries including FinTech, synthetic biology, and smart cities.
Over 100 investment deals have been completed by iGlobe since 1999 in Asia, Europe, and the US. Its portfolio companies include Tonik Bank, Docquity, Novelship, and Hoolah (acquired by ShopBack).
