Singapore seed investor Cocoon Capital closes second fund at $22m

The Cocoon Capital team. From left to right: Ine Jacobsen, Will Klippgen, Michael Blakey, Sia Zong Xi

Singapore-based seed investor Cocoon Capital has announced the final close of its second fund at $22 million, exceeding an initial target of $20 million.

The second fund will target the enterprise tech market, especially startups within medtech, fintech, insurtech and general deep tech. It will focus on seed rounds across 25 to 30 investments, and will adopt a wider market target to include emerging markets such as Indonesia, Vietnam, the Philippines, and Myanmar.

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