
Vickers Venture Partner raises US$230m in Fund V
This is poised to be the largest non-government linked VC fund in Southeast Asia.
Singapore-based venture capital (VC) firm Vickers Venture Partners’s (Vickers) announced that they have raised US$230m in their fifth round of funding, making it the largest non-government VC fund in Southeast Asia.
According to a press release, the fifth fund is the largest amongst its four previous funds put together. The fourth fund raised US$81.10m and was valued 4.8x.
Vickers is focused on early-stage investments in Asia and beyond. The firm’s portfolio covers life sciences, technology, media, and telecommunications as well as consumer and financial services.
It also ranks fourth globally across all funds and is one of the most awarded Asian VC firms.
The VC firm was co-founded by Finian Tan with four partners in 2005. Tan was known as the first investor in Baidu Inc., where he invested US$6m whilst it was valued at US$20m.
Vickers began to operate in 2012 when it invested in San Diego-based regenerative medicine company Samumed, last valued at about $12b.
It has also catered to clients such as digital media firm Focus Media Holding Ltd, video game company Kongzhong Corp, and Cambridge Real Estate Investment Trust.