Singapore’s Paragon Capital launches early-stage venture capital fund

Photo: REUTERS/Beawiharta

Wealth manager Paragon Capital Management Singapore has announced the launch of its new early-stage venture capital fund that will invest in productivity and efficiency enabling startups.

In a statement, the Singapore-based firm said Paragon Ventures I will look at pre-Seed to Series A opportunities. While the fund is sector agnostic, it will have an inclination for deep tech, B2B SaaS, and robotics startups.

Paragon Capital said the fund will focus on experienced founder-entrepreneurs with strong management and leadership capabilities, as well as innovators who possess technological know-how for breakthrough solutions that can meet the needs of a large, addressable market.

“We have identified value creation opportunities in the venture capital space, particularly in the pre-seed funding rounds. There are gems to be uncovered regardless of sectors that the startups serve,” said Paul Lee, the firm’s CEO.

According to a statement, the fund offers investors risk diversification and a broader asset allocation in their portfolio management strategy, while expanding Paragon Capital’s suite of client offerings.

The fund’s launch comes as Singapore’s reputation as a hotbed for startups and the government’s support of R&D activities are expected to draw promising overseas companies to the city-state.

The firm’s existing vehicle, Paragon Alpha I Fund, posted a net return of over 7% so far this year and 49% since inception in 2018. The fund secured commitments from clients and the lead portfolio manager’s family and friends.

The said fund invests primarily in the global public securities markets, encompassing equities, fixed income, foreign exchange, commodities, fixed assets, fund of funds, and cash.

Established in 2017, Paragon Capital Management Singapore offers portfolio management services for accredited investors, to help them grow their assets and meet their investment goals. The firm holds a Capital Markets Services License issued by the Monetary Authority of Singapore (MAS) and is an Exempt Financial Adviser.

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.