SINGAPORE : 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.
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. Insignia said investors for its third fund, which was oversubscribed, included sovereign wealth funds, university endowments and family offices from Asia, Europe and North America.
Source: Financial Digest (financialdigest.net)
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