Cocoon Capital, a Singapore-based early-stage venture capital firm, closed its second fund, at USD 22m.
The fund is supported by Michelle Yong (Director of Singapore’s Aurum Investments), Jani Rautiainen (Co-founder of PropertyGuru), Parag Khanna (The author of “The Future is Asian”), Pierre Lorinet (Director at Trafigura Group), Matthew Chapman (Founder of ChapmanCG), Stein Jakob Øie (Former President at Lazada), hedge fund manager Steve Diggle’s Vulpes Innovative Technologies Investment Company, Martin Hauge (Partner in Creandum), Martin Roll (Global strategy consultant) and Oliver Tonby (Chairman of McKinsey’s offices in Asia excluding Greater China).
The new vehicle will target Asian enterprise tech startups within medtech, fintech, insurtech and general “deep” tech sectors.
The fund has already invested in Kargo Myanmar, Myanmar’s leading logistics platform.
The firm also announced its initiative of hosting public mentoring hours regularly across Singapore, Ho Chi Minh, Hanoi, Manila, Bangkok, Jakarta and Yangon to help grow the local entrepreneurial ecosystems. The support will be provided in partnership with local accelerators and co-working spaces.
Founded in 2016 by Michael Blakey and Will Klippgen, Cocoon Capital is a Singapore-based venture capital firm focusing on early-stage, digital, deep tech and B2B companies across Southeast Asia. It has done a total of 12 investments till date including Hapz, Poundit, See-Mode and Sensorflow, Hiip, Dexecure and Lendela.