August 1

Insignia Ventures Raises $516 Million, Bets on Southeast Asian Tech Firms

Insignia Ventures Partners has raised $516 million for its latest funds as the Southeast Asia-focused early stage tech venture fund doubles down on the region’s digital economy.

“We could have raised a much higher amount but we have learned that smaller, tighter funds do better,” Insignia’s founding managing partner Yinglan Tan said in a statement on Monday.

The fundraising includes $388 million for Insignia’s third fund, $28 million for an entrepreneurs’ pool that invests alongside the main fund and an Annex Fund I at $100 million, said the five-year-old firm that has backed more than 70 companies.

Photo courtesy of Xresch.

Source: Reuters (link opens in a new window)