Access Ventures Reaches US$15 Million Final Close for Debut Fund (Asia)

Source(s): DEALSTREETASIA | Author(s): Aastha Maheshwari

Southeast Asia- and South Korea-focused early-stage venture capital firm Access Ventures has reached a final close for its first fund with US$15 million in capital commitments. Investors in the fund include high-net worth individuals, family offices and corporations from North Asia, Southeast Asia and the United States. Launched in September 2016, the fund has already completed investments in four companies: Vietnam-based logistics firm Ecotruck, Singapore-based hotel management platform Zuzu Hotels, Vietnam-based real estate platform Homedy and Indonesia-based marketing automation company Kofera. The fund will continue to target investments between US$300,000 and US$500,000 in early-stage technology companies based in Vietnam, Indonesia and South Korea.