Silicon Valley-based Scale Asia Ventures sets up $30m maiden fund

Wally Wang, founding partner of Silicon Valley-based Scale Asia Ventures (SAV). Source: SAV

Scale Asia Ventures (SAV) has launched its $30-million inaugural early-stage fund, as the Silicon Valley-based venture capital (VC) firm seeks to bring its Asian-American network and resources to portfolio companies.

Beyond early-stage funding, the fund plans to fuel its portfolios with an additional $100 million in later-stage funding directly from its limited partner (LP) base including institutional funds, family offices, and publicly-traded conglomerates in the US as well as South Korea, Japan, and Singapore, said the firm in a statement.

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