Tanglin Venture Partners Reaches USD51 Million Final Close for Debut Fund

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

Southeast Asia- and India-focused venture capital fund manager Tanglin Venture Partners has reached a final close for its first fund with USD51 million in capital commitments. The fund, which has reportedly already completed six deals, will make investments of USD3 million to USD4 million in early-stage technology-focused companies in a variety of business verticals. Tanglin was founded by former Tiger Global Management executives Ravi Venkatesh and Edwina Yeo.