Singapore's Forge Ventures closes debut fund above target at around $24m

Singapore's Forge Ventures closes debut fund above target at around $24m

Forge Ventures partners and co-founders Kaspar Hidayat (left) and Tiang Lim Foo.

Singapore-headquartered Forge Ventures has closed its debut venture fund at $24 million, higher than the initial target of $15-20 million, according to a top executive.

The fund had hit a first close of $21.88 million in September 2021.

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