Catcha’s VC arm to invest up to $100m in SEA

Patrick Grove, Group CEO, Catcha Group

Global investment firm Catcha Group, which boasts of a strong track record of investing in startups in this region, has launched a venture fund to support companies in the new media, technology and mobile space in South East Asia.

The new VC division, called Catcha Ventures will invest between $50 million and $100 million in selected companies over the next three to five years, and will focus on financing businesses that have matured from a start-up and entered the growth phase, the company said.

Deviating from its traditional strategy, where the group picks up majority stakes in the companies it invests, Catcha Ventures will target minority investments, as it aims to address the funding gap for companies that have moved from start-up to the growth stage.

Its logic: Venture capital and angel investments in start-up companies have increased throughout the region but growth-stage funding has been largely overlooked.

Over the last 15 years, Catcha Group has taken four of its portfolio companies, which it still controls – iProperty, iCarAsia, (Singapore-headquartered) iBuy and Rev Asia  – from startup stage through to initial public offering.

Australia-listed iProperty Group, recently attracted a $100 million investment from Rupert Murdoch’s News Corporation in return for a 17% stake.

Patrick Grove, group CEO of Catcha Group said: “We have enjoyed enormous benefits from knowledge sharing between our companies and will deploy the exact mentorship and investee community management model across our Catcha Ventures portfolio companies.”

Currently, Temasek’s Vertex Venture Holdings and Beverly Hills-based Velos Partners, offer growth stage funding to companies based in Singapore and in also in the region.

Catcha Ventures will deploy a unique mentorship program, underpinned by its network of seasoned digital CEOs and executives, allowing entrepreneurs to leverage off and learn from Catcha Group’s management leaders, the investment firm said, while adding that it would pair each investee company with a senior mentor and advisor from within the group to help these companies navigate challenges as their business grows.

“Chances are, for any digital business encountering growth related issues in Southeast Asia, a company within our network has already successfully resolved that same challenge. Funding is one thing, but this experience and access to our network of executives and advisors is both invaluable and unique,” Grove added.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.