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.
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.”