Singapore early-stage VC 1982 Ventures closes debut fund at $20m

(L to R) Scott Krivokopich and Herston Elton Powers of 1982 Ventures.

1982 Ventures, a Singapore-based, early-stage venture capital firm that invests in fintech startups across Southeast Asia, Pakistan, and Bangladesh, has announced the close of its maiden fund at $20 million, against its original target of $15 million. It has also received commitments worth $5 million for its Fund II expected to be announced soon, a company statement said.

The firm leads pre-seed and seed rounds with initial investments ranging from $250,000 to $500,000. It expects to make 10-15 new investments in addition to follow-on investments in the Fund I portfolio.

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