Singapore’s TNB Ventures and Australia-based fund manager Aura Group have achieved the first close of their joint TNB Aura Fund 1, which has a hard cap of S$30 million ($22.5 million) as its target deployable capital pool.
The fund is managed by Vicknesh R Pillay and Charles Wong, Head of Asia for Aura Group. Its mandate spans investments in embedded devices (e.g. Robotics & IOT), software & deep learning (e.g. Big Data & AI) and visualisation technologies (e.g. Mobile & AR/VR).