SoGal Ventures closes debut $15m fund, eyes second vehicle in 2021

Pocket Sun and Elizabeth Galbut of SoGal Ventures.

US and Asian female-focused venture firm SoGal Ventures has fully closed its $15-million debut fund as of late 2019, according to its Singapore-based founding partner Pocket Sun. The venture firm is eyeing a second fund in 2021 but declined to share specifics on its fundraising targets.

Sun told DealStreetAsia that the firm raised capital from 99 investors comprising a mix of family offices, venture capital firms, corporates and industry associations across the US and Asia. SoGal Ventures is associated with SoGal Foundation, a global network and platform aimed at educating and empowering female and minority entrepreneurs and investors.

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