TNB Aura launches special situations fund to back COVID-19 impacted startups

TNB Aura launches special situations fund to back COVID-19 impacted startups

As startups in the region increasingly feel the squeeze of a downturn brought about by the COVID-19 outbreak, Singapore-based venture capital firm TNB Aura has launched a new special situations fund to back tech companies impacted by the pandemic.

The fund will provide selected startups with a cheque of around $2 million each, helping extend their runway by 12-18 months, TNB Aura said in a statement.

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