San Francisco-based impact venture capital firm Patamar Capital is planning to invest more than $6 million in Southeast Asia by the end of this year, a company executive said.
The firm, formerly known as Unitus Impact Partners, is also eyeing one exit in the region before the close of the year.
Speaking to DEALSTREETASIA, Dondi Hananto, Principal at Patamar Capital said the firm is looking at “closing 2-3 deals in Southeast Asia by the end of the year”.
Patamar Capital invests in early-stage impact startups in Asia’s fastest growing economies such as India, Indonesia, Vietnam and the Philippines. The company invests up to $2 million in businesses in sectors such as agriculture, education, healthcare, employment access and financial inclusion.
Patamar Capital has invested in startups mClinica in healthcare, and Big Tree Farms and Vasham in agriculture. It also backs Indonesia’s Ruma, which has a range of apps and digital services that help poor communities, and Kalibrr, a jobs portal from the Philippines.
The company, which closed its Livelihood Impact Fund at $45 million in 2015, may look at raising a new fund in the medium term. Patamar Capital’s LPs include philanthropic organisations, family offices and pension funds.
Hananto said the company sees an opportunity to participate in Series B rounds in the medium to long term as there is a funding gap in markets such as Indonesia.
Other impact investors in Asia include new entrant Aavishkar group which has launched its $45 million early-stage fund focused on South and Southeast Asia. Reports indicate it is raising a $150 million fund targeted at Africa as well. It invests in deals sized $1-5 million. Aavishkar has made one investment in Indonesia so far, in a seafood processing company called Bali Seafood. It plans an additional “five or more” investments in the archipelago over the next few years.