Singapore: Taizo Son’s Mistletoe leads $3.5m funding in VC platform Hatcher+

Taizo Son. Photo: Bloomberg

Mistletoe, owned by billionaire investor Taizo Son, has led a $3.5 million investment in Singapore-based data-driven venture investment platform Hatcher+.

“The funds will be used to expand the company’s research and development efforts, and further develop the company’s global co-investment network,” said Hatcher+ in a statement on Tuesday. The venture investment platform said that Son’s investment had come ahead of its plans to raise a $125 million second fund.

Taizo Son, brother of SoftBank founder Masayoshi Son, had earlier this year pledged to invest at least $100 million in early-stage ventures in Southeast Asia.

Mistletoe operates both as a venture capital firm as well as an accelerator and an incubator. It had last year made a similar commitment to Japanese startup incubator ABBALab, which is focused on the Internet of Things (IoT).

Last month, Son had launched an agri-food tech accelerator in India, christened Gastrotope, in partnership with Gurgaon-based GSF Accelerator and Indo-Japan business consultancy firm Infobridge.

Hatcher had earlier raised over $20 million for its first vehicle, which it operated as an investment holding company, and had committed capital to about 13 startups. For its second fund, it aims to invest in about 1,000 startups and partner with accelerators and incubators globally.

The planned Hatcher+ H2 $125-million investment fund will be used to make a series of AI and machine-learning-assisted co-investments into early-stage companies. “This investment caps two years of intensive research and development, and is a strong endorsement of our data-driven strategy. We now have the technology, the data, the backing, and the partners we need to execute,” John Sharp, co-founder and partner at Hatcher+ said in a statement.

Hatcher+ said it would use proprietary research gained from its analysis of over 300,000 early-stage investment events across 745 leading venture firms and accelerator groups, in conjunction with dynamic data obtained from its partnerships with leading accelerators, to enable high-potential venture investments to be identified at an earlier stage.

Hatcher+ partner and former Bankrate SVP/CTO Dan Hoogterp believes the firm’s data-driven model will simultaneously reduce the risks associated with venture investments and level the playing field for new investors coming into the startup ecosystem.

“Within ten years, venture investing will come to resemble the stock market – data will be available on every deal, regardless of sector, stage, or geography, and liquidity will be measured in minutes, not years”, he added. “Going forward, we believe that successful investors will begin to place greater reliance on the use of data in conjunction with emerging technologies, such as AI and machine learning.”

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Billionaire Taizo Son ditches Japan to move to Singapore, plans $100m for SEA startups

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.