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Journey Capital Companions (JCP) has launched its debut enterprise capital fund to put money into early-stage tech startups in Indonesia, Singapore, and Thailand.
The newly established agency was based earlier this yr and led by Weng Kin Choo as managing associate of investments.
Choo was beforehand a VP at Provident Development, an funding agency that backs quite a few Southeast Asia distinguished tech corporations together with GoTo, Traveloka, and Pomelo.
Different key members of the agency are managing associate of technique and operations Lloyd Lin and managing associate of investments and know-how Ashok Palaniappan.
JCP is backed by numerous native conglomerates, household places of work, and tech corporations within the area together with Yggdrazil Group Plc, a Bangkok-listed firm specializing in visible results, animation, and gaming. With its robust base and partnership in Thailand, the agency additionally goals to foster cross-border growth of Indonesian and Singapore tech corporations to Thailand.
“Journey Capital Companions is proud to have companions in Indonesia and Thailand which might present strategic benefits to our portfolio corporations.” Choo mentioned in an interview with DealStreetAsia. “We’ll concentrate on supporting tech corporations with confirmed product-market match and enterprise fashions.”
JCP concluded its first funding earlier this month into Indonesia’s meals and beverage startup Hangry. Choo declined to touch upon the fund measurement however mentioned the agency will make investments between $3-8 million in every startup.
DealstreetAsia just lately spoke to Choo about JCP’s funding technique and Southeast Asia’s startup panorama.
Edited excerpts from the interview:
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