Exclusive: Impact investor Patamar Capital to invest over $6m in SE Asia

Photo: Patamar Capital website

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.

Also Read: 

Unitus Impact leads $6.3m round in healthtech startup mClinica

Unitus Impact invests in Vietnam’s MobiVi & China’s Micro Benefits

Impact investor Aavishkaar to raise $150m Africa fund

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.