Long Venture Partners raising $50m debut fund, to focus on big data startups

VC word cloud. Credit:Barrie Entrepreneur Connect

Private equity firm Long Venture Partners LLC is raising $50 million for its debut fund, of which $20 million is already committed, according to an SEC filing.

According to a post in Fortune, which first reported the development, the VC firm was started recently and is focussed on consumer-related big data and AI startups.

The fund is expected to invest in Silicon Valley-based startups but with a cross-border emphasis on leveraging China.

It is co-led by Sam Yu and Ernestine Fu, venture capitalists who graduated from Standford University. Sam is the founder and managing partner of Thinkers Capital. Previously, he was a venture capitalist at SAIF Partners and before that he was a finance leader at General Electric.

Ernestine started her venture career with Alsop Louie Partners in 2011 and led her first investment within two months. Currently, she is a Venture Partner at Alsop Louie Partners and leads the firm’s investment thesis in 3D printing and other disruptive technologies.

Also read: 

CDL China to invest $15m in online rental platform

Singapore government investment arm participates in $50m LogRhythm round

Prometheus, China Minshend leads $150m funding round in RenRenChe

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.