K2 Global, the venture capital firm founded by Singapore- and US-based solo venture capitalist Ozi Amanat, has announced raising $300 million in capital commitments to continue investing in technology startups.
The venture firm, founded in 2015, said it will invest in fintech, food tech, consumer tech, deep tech, machine learning, and artificial intelligence startups. It has backed Uber, Spotify, Airbnb, Coinbase, Warby Parker, Impossible Foods, Oatly, Allbirds, Palantir, Scopely, and Paytm.
Aside from providing capital to startups, the firm said it will also help founders expand their businesses globally through K2’s network of industry leaders, strategic partners, and limited partners.
K2 Global, which has partners in Silicon Valley, Singapore, India, Indonesia, Japan, Hong Kong, Thailand, Malaysia, and Australia, closed its first fund with $183 million in 2017.
“We believe smaller, emerging VCs have a good chance of achieving outsized returns because we are outsiders, and often, so are many startup founders,” Amanat said.
K2 invests alongside many of the world’s leading investment firms. It invests at any stage, in any geography, and in any industry. The firm’s limited partners include family offices, institutions, sovereign wealth funds, venture capital firms, and strategic investors across three continents.
The company, whose investments include 18 IPOs to date and more than 50 portfolio firms, is expanding in Singapore and Miami.
“Our goal is to offer promising start-ups an opportunity to expand their horizons from their local regions like US, Singapore, and India and help them with global market access,” Amanat said.
K2 said the global venture capital investment market has reached a value of $211.3 billion in 2021 and is expected to reach $584.4 billion by 2027.
Disclaimer: K2 Global was an early investor in DealStreetAsia that exited in 2019.