Singapore: Insignia Ventures Partners raises $25m for debut fund

Singapore River skyline.

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.

Despite being among the few funds to participate in the Series A and Series B deal space in Southeast Asia and the growing interest in the region, Sequoia does not have a dedicated regional fund but makes investments through the Sequoia India fund, which has a corpus in excess of $850 million.

Tan was involved in the evaluation of these opportunities, diligence, writing of investment notes and supporting the investments with strategy, recruiting, business development and fund raising.

According to his LinkedIn profile, he serves on the Singapore Government’s Pro Enterprise Panel (headed by Head of Civil Service), the Committee on the Future Economy’s Sub-Committee on Future Corporate Capabilities and Innovation, and Investment Committee on Strategic Research Innovation Fund at Nanyang Technology University, as well as the Technology Enterprise Commercialisation Scheme Evaluation Committee for SPRING Singapore.

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