Exclusive: Singapore-based ICT Fund seeks $100m for second vehicle

Exclusive: Singapore-based ICT Fund seeks $100m for second vehicle

Brijesh Pande

Singapore-headquartered venture capital firm ICT Fund, formerly known as Tembusu ICT Fund I, is raising a $100-million second vehicle to continue investing in enterprise technology, according to an industry executive with direct knowledge of the matter.

The firm’s latest vehicle is slated to be three times bigger than its first fund, which closed at around $35 million in 2015.

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