Vulcan Capital, Seattle-based investment company founded by Paul Allen, the late co-founder of Microsoft Corp, has commenced operation of its first international office in Singapore, Bloomberg has learned.
Vulcan Capital brings along an initial US$100 million investment targeting startups in Southeast Asia.
The investment will be allocated to seed, Series A, and Series B stages startups in Southeast Asia, particularly in Indonesia, Vietnam, and Singapore.
The firm has hired financiers Tommy Teo and Minjie Yu as managing directors to lead Singapore’s office.
Teo, who formerly worked at Singapore-based private equity firm Northstar Group and Citigroup Inc., said that the fund will be directed to a broad range of areas including financial services, real estate technology, and consumer internet.