BEENEXT reveals plan to raise US$100M in new fund, IMDA launches Open Innovation Network
Singaporean venture capital firm BEENEXT announces its plan to raise US$100 million for a new fund, and said that it’s gathered US$8 million for it from a US investor, as detailed in an SEC filing.
The emerging Asia fund will provide early-stage funding to technology startups and the firm’s operating partner Nao Ito had earlier told DealStreetAsia that BEENEXT will be on the look-out for companies operating in the healthcare and agriculture sector.
According to DealStreetAsia’s article, the fund, BEENEXT Emerging Asia LP, was launched in late October. The launch of the fund comes more than two years after BEENEXT, which is known for investing in early-stage startups across Southeast Asia, India, Japan, and the US, spun out of Singapore-based Gordian Capital, which was coincided with the VC’s US$75-million fund reaching its full investment stage.
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