Singapore green investment firm TRIREC hits first close of debut VC fund

TRIREC, a Singapore-based climate-focused investment company, recently made the first close of its maiden venture capital (VC) fund, said the firm’s founder and managing partner Melvyn Yeo.

In its first close, the firm raised $66 million, translating to 88% of the initial fund target of $75 million. The firm is now targeting to close the fund at $100 million by H1 2023, Yeo told DealStreetAsia during an exclusive interview.

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