Vynn Capital partners Tokyo-based advisory OPTI to bring Japanese capital to SE Asia

Vynn Capital co-founder Victor Chua speaks at the Asia PE-VC Summit 2018 organised by DEALSTREETASIA

Vynn Capital, a Malaysia-based venture capital firm founded by former Gobi Partners executive Victor Chua, has collaborated with Tokyo-based advisory and consulting firm OPTI to bring more Japanese investment capital into Southeast Asia.

Through this partnership, Vynn Capital and OPTI will collaborate to bolster the ecosystem for early-stage companies in Japan and Southeast Asia, according to a release.

The venture capital firm, which counts Malaysia Venture Capital Management Bhd (MAVCAP) as a limited partner in its debut $40-million fund, said it has also received funding from Japanese and North Asian investors.

The vehicle is expected to reach a final close by the end of this year, and Vynn Capital said the fundraising journey was on track.

The firm said it “is open for more conversations with other Japanese firms that are interested to invest into Southeast Asia”.

Victor Chua, Vynn Capital’s founding and managing partner, said, “there is great potential for Southeast Asia startups to tap into the Japanese strength as well as for Japanese startups to rely on the local Southeast Asia opportunities for growth. Through this partnership with OPTI, we hope to bring more Japanese companies across the border and to help our portfolio companies to expand their influence to Japan.”

He added the creation of many growth-stage funds is an indication that early-stage companies are in line to work with more stakeholders.

OPTI representative director Takuma Yamazaki said he saw a huge potential for Japanese companies to collaborate with Southeast Asian venture capitalists. “As Japan continues to look Southeast, there is and will be more demand from the incumbent large Japanese players who want to invest in new opportunities in countries like Malaysia, Indonesia and Vietnam.”

This latest partnership comes nearly three months after Vynn Capital entered an agreement with the Vietnamese government to provide its expertise in helping local startups expand and get exposure to the corporate world.

Vynn Capital has invested in Indonesia’s Travelio and Pomona as well as Malaysia’s Carsome and Dropee. While the firm has not announced any Vietnam investments, Chua led deals in Vietnamese fintech startup OnOnPay and travel company Triip during his tenure at Gobi Partners.