SINGAPORE, Feb 13 (Bloomberg): The venture capital firm co-founded by former Singapore Airlines Ltd. Chairman Koh Boon Hwee closed its first fund at US$130 million to back startups in South-East Asia’s fast-growing technology industry.
The firm, Altara Ventures, drew in investors including Singaporean and South Korean sovereign wealth funds, Razer Inc., and a Europe-based fund of funds, Dave Ng, one of the firm’s five general partners, said in a phone interview. It exceeded its initial target of US$100 million, he said.
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