MARKETS & INVESTING | Staff Reporter, Singapore

Vulcan Capital pledges $100m to groom SEA startups

It will focus on seed to Series B investments.

Vulcan Capital, the investment arm of the late Microsoft co-founder Paul G. Allen, opened its first international office in Singapore, an announcement revealed. It plans to deploy US$100m into venture opportunities across Southeast Asia.

Vulcan Capital Singapore will focus on Seed, Series A and Series B investments and will combine the expertise of a local investment team with the global network of Vulcan Inc., to directly source and support entrepreneurs and investments in the region.

The Singapore office is being built from the ground up and is helmed by managing directors Tommy Teo and Minjie Yu.

“Vulcan Capital has a long history of working with entrepreneurs in developing and achieving success,” Chris Orndorff, chief investment officer of Vulcan Capital said in a statement. “Most of our investments have been focused across North America and we’re looking forward to deepening our relationships with entrepreneurs across Asia as well, beginning here in Singapore.”

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