Singapore-based Signum Capital to raise more funds, look beyond blockchain

John Ng Pangilinan, Managing Partner at Signum Capital

Blockchain-focused Singapore investment firm Signum Capital is looking to raise more funds through two separate vehicles and targets to broadbase its investment thesis over the next two to three years, a top executive of the firm said.

“We are in the process of raising two more rounds (in the form of separate vehicles usually based offshore). We want to invest in more areas not just in blockchain, fintech but also in biotech and machine learning to grow Signum Capital to be a multifaceted company,” John Ng Pangilinan, Managing Partner, Signum Capital, told DEALSTREETASIA in an interaction.

The next two vehicles will be much higher than its current $50-million fund and are expected to close by the end of the year. They will focus on finance, security and equity token, privacy technology, exchange and wallets, and blockchain infrastructure.

To date, the firm has made 50 investments in the form of token generation, equity investments and initial coin offerings. The investments are mostly in Southeast Asia and including one in Argentina, two in the US and two in South Korea. Of these, there are six equity investments.

Southeast Asia is uniquely positioned to support the fast adoption and development of blockchain, according to Pangilinan.

While Signum Capital is eyeing all SEA markets, Pangilinan said, the firm was looking for more investments in Vietnam, where it co-participated to invest $8.5 million in blockchain startup Tomochain and led a funding round in digital asset exchange company VCC Exchange.

The country, which has the fifth largest digital asset transaction in the world, is expected to be a blockchain hub in Southeast Asia.

“I always thought that Vietnam is the place to go. What we have seen is just the tip of the iceberg,” Pangilinan said.

Established in 2017, Signum Capital participates in pre-sale stages of token generation events and equity investments. The firm has supported blockchain companies including Omisego, Zilliqua, Kyber Network, Aelf and TenX.

Signum assists its companies in community engagement for initial coin offering (ICO) sale, pairing with institutional buyers and advisers, or making strategic partnerships and M&A post-ICO.

Most recently, Signum Capital invested an undisclosed sum in PIEXGO, a financial ecosystem for digital assets. PIEXGO and Signum Capital will jointly develop and grow the exchange ecosystem in Northeast and Southeast 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.

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.