Cocoon Capital is looking for early stage Southeast Asian startups
in the deeptech, fintech, and medtech verticals
Left to right: Cocoon Capital Associate Sia Zong Xi, Co-Founder
and Managing Partner Will Klippgen, Co-Founder and Managing Partner
Singapore-based venture capital firm Cocoon Capital today announced the
launch of its new US$20 million fund for early stage Southeast
Asian startups in the deep tech, fintech, and medtech sectors.
The fund targets 25 to 30 investments, with a broader geographic
focus to include emerging economies such as Vietnam, Myanmar, the
Philippines, and Indonesia. The ticket sizes are up to S$1 million
In a press statement, Cocoon Capital said that it is
“limiting” the number of investments it is doing per year, with
the goal to ensure a “more active” role by the firm in
supporting the portfolio companies.
“With the billions of dollars available in venture capital in
the region, only a fraction is targeting seed-stage companies and
Cocoon Capital seeks to help fill this gap,” said Cocoon Capital
Co-Founder and Managing Partner Will Klippgen.
The funding gap is even more prevalent outside Singapore,
which is why we are expanding our presence into neighbouring
countries like Vietnam, Indonesia, and the Philippines, all of
which having tremendous potential,” he added.
Investors in the fund include Vulpes Innovative Technologies
Investment Company (owned by Singapore-based hedge fund manager
Steve Diggle), Martin Hauge (Partner in Creandum, streaming giant
Spotify’s first financial investor), Playfair Capital (UK-based
seed fund), Jani Rautiainen (Co-founder of PropertyGuru), Martin
Roll (Global strategy consultant and bestselling author), Oliver
Tonby (Chairman of McKinsey’s offices in Asia, excluding China)
and Michelle Yong (Director of Singapore’s Aurum