Early-stage investors Michael Blakey and William Klippgen have joined forces to set up Cocoon Capital, a new SGD10m seed venture capital firm in Singapore.
After co-investing in a number of deals together, with companies like Nugit, Tickled Media and PropertyGuru in their portfolio, Blakey and Klippgen have launched Cocoon Capital, which will focus on early-stage investments ranging from SGD350k to SGD1m to fill the pre-series A funding gap in Southeast Asia and India.
They plan to invest in no more than five founding teams and their companies per year by leveraging a network of close to 30 investors from around the world.
Founding teams can get access to experienced investors in a global network built over 15 years and including 28 family offices and active angel investors such as Magnus Grimeland, co-founder of Zalora; Karan Thakral, Chairman of the Singapore Angel Network; and Salman Niaz, Portfolio Manager at Goldman Sachs Asset Management.
The investment focus is on B2B or B2B2C digital businesses with a main focus on SaaS, e-commerce and fintech.
FinSMEs
08/12/2016