Hatcher launches early-stage venture fund with target of $100m

Hatcher, a Singapore-based accelerator and investment holding company led by CEO John Sharp, has launched the Hatcher Fund, an early-stage venture fund with a target size of $100 million.

Hatcher has developed multiple ventures such as outdoor advertising marketplace EatAds, working capital and trade finance platform ApexPeak, payment service gateway solution Telr and home renovation portal KluJe.

It focuses on founding and building traction for ventures in the domains of business enablement, financial services & technology and marketplace platforms

Administered by Maple Fund Services and operated by Gateway Investment Management Services, a fund management firm based in the Dubai International Financial Center (DIFC), Hatcher will play an advisory role in the the fund. Its focus will be on later-stage fintech and IT investments seeded by Hatcher in Singapore and Dubai.

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Fintech Assets & Fund Focus

 

Hatcher’s fintech assets have seen significant traction. ApexPeak, an online trade finance portals in the world, has built partnerships with regional banks and made several acquisitions in both emerging and mature markets.

These include Bibby Financial in South Africa, Cashnomix in Dubai, and Sesami.com in Singapore.

Meanwhile, Telr is pursuing a merchant finance and payment processing strategy in the Middle East. Growing its relationship with the National Bank of Abu Dhabi, it recently concluded a geo-expansion deal with Amman-based Arab Bank and a strategic deal with MasterCard.

2014 also saw Telr win the prestigious Arabian Business “Startup of the Year” award in November 2014.

In a statement on their corporate blog, Harvey Narulla, Hatcher’s executive chairman, stated “I’m extremely proud of what we’ve built in Singapore and the incredible partnerships that we’ve built with investors in Asia, the Middle East, Africa and Latin America. The formation of the Hatcher fund is the next stage in our growth. This unique fund is long overdue.”

These robust outcomes seem to have compelled them to focus on investments in the non-US ventures. Now more than a third of global venture capital total investment is directed at non-US ventures.  This is the largest percentage yet recorded for foreign investment versus US domestic investment. According to an Ernst and Young report, of $86 billion invested globally in venture-based businesses in 2014, non-US startups are seeing a greater share of investment.

Sharp stated: “The Hatcher Fund will enable us to move beyond seed stage investment to later stage growth investments – and play a greater role in supporting entrepreneurs at a global level. While seed stage investing has delivered us very good returns to date, having the ability to lead and co-invest at a later stage will allow us to increase our investment positions and build on these early-stage returns.”

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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.