Singapore-based VC firm Qualgro announces close of $100 M second fund

August 21, 2018

Singapore-based VC firm Qualgro, today announced it has completed the first close of its $100-million second fund. The firm said 60 percent of the fund has already been committed. Qualgro primarily invests across Southeast Asia and Australia, and the current fund follows its first fund of $50 million. 

The firm’s key limited partners include listed companies and institutional and financial investors. As part of the first fund, the VC firm made 19 investments over three years, most of which were focussed on the B2B segment in sectors such as AI, data security and analytics, and SaaS. Also, it mainly participated in Series A and B round funding of a company.   Read more...