Northstar Invests in Tiki and UPGen

Source(s): DealStreetAsia | Date: 20 September 2019 | Author(s): Nguyen Thi Bich Ngoc

Southeast Asia-focused private equity fund manager Northstar Group has invested in Tiki, a Vietnam-based e-commerce company. The investment is reportedly part of a USD100 million funding round with participation from venture capital firms Korea Investment Partners, STIC Investments, and Sparklabs Ventures. Separately, Northstar has invested in Vietnam-based co-working space operator UPGen. The firm reportedly invested approximately USD15 million in UPGen in November 2018.