SEA funding heavyweights unveil new regional VC partnership

The newly unveiled Altara Ventures represents certainly considered one among the biggest homegrown VC partnerships in the region. The group consists of Tan Chow Boon, Credence Investment managing companion; Seow Kiat Wang, Credence Partners companion; Gavin Teo, former general companion at B Capital; and Dave Ng, Southeast Asia head at Eight Roads.

Rounding out the organization is seasoned corporate chief Koh Boon Hwee, who presently sits on the board of sovereign wealth fund GIC and serves as the founding associate of Credence and chairman of its funding committee. He has additionally served at the forums of Singapore Airlines, DBS Bank, and Temasek, amongst others.

The 5 standard companions’ past investments consist of Alteon Networks, Carro, Ninja Van, Razer, StashAway, and Twitch, amongst others.

Altara Ventures will cognizance on making an investment in fintech, patron, company software, logistics, healthcare, and education technology, in keeping with a statement. It objectives to lead venture financing for high-increase tech startups and assist connect founders into the partnership’s worldwide networks.

The new VC employer has made 3 investments to date: virtual bank Tonik and mobile-first patron credit platform Stashfin in addition to Senseye, a company that focuses on deep tech, AI, and information science.

Altara Ventures stated it has more investments in the pipeline, relying on the help of its anchor constrained companions including “a main financial services institution, a publicly indexed technology corporation, and a prominent family office.”