Singapore-based Insignia Ventures Partners, which was founded by former Sequoia Capital venture partner Yinglan Tan, has raised $25 million for its debut fund, according to details in a SEC filing. The fund will target technology startups operating in Southeast Asia.
Tan was with Sequoia for five years, joining it in 2012 from Singapore’s National Research Foundation (NRF). He left Sequoia in June this year. Tan was Sequoia’s first hire for Southeast Asia and sourced multiple investment opportunities for Sequoia India, including Tokopedia, Go-jek, Carousell, 99.co and companies like Appier and Dailyhotel, where he represented Sequoia on the board.
