Exclusive: Singapore’s NSI Ventures to raise $150m second fund

The NSI Ventures team. Source: NSI website

Singapore-based venture capital (VC) firm NSI Ventures has kicked off the process to raise a $150-million fund, according to two people, including one of the firm’s limited partners, aware of the development.

This will be the firm’s second fund after its inaugural $90-million fund that it had raised in 2015, and will put it among the largest vehicles in this region behind Vickers Ventures that is currently raising a $250 million fifth fund, which has a $400 million upper limit, or hard cap, and Malaysia Venture Capital Management Bhd (MAVCAP) and Shanghai-based Gobi Partners that are jointly raising a $200-million Asean Growth fund.

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