Data-driven VC firm Hatcher+ bags $5.5m in seed funding

Singapore-based venture investment firm Hatcher+ said that it has raised US$5.5 million in its seed funding round.

Hatcher+ co-founder and partner John Sharp at Slush Singapore / Photo credit: Hatcher+

Hatcher+ co-invests in early-stage startups alongside global accelerators and investors, such as Antler, Blue Chilli, Blue Startups, Innova, Plug & Play, Quake Capital, and Thinqbate.

Through its H+ platform, the company constructs and manages large and diversified venture portfolios through AI-driven predictive analysis. It claims to have analyzed over 10,500 business plans over the past year on behalf of accelerators and VC funds around the world.

The firm plans to use the new funds to develop the predictive analytics engine and business process automation capabilities of its platform.

“Over the past year, we’ve invested into startups at a rate of three a week – which is a fairly unprecedented rate of investment. And to date, these investments have mainly been in Australia, Europe, India, and the US,” said Hatcher+ co-founder and partner John Sharp.

Hatcher+ claims that it has completed 100 investments to date and is looking to make more than one investment per day or 400 investments within the next 12 months.

The company also wants to aggressively extend its investments into startups in China, Japan, Korea, Southeast Asia, and the Middle East through partnerships with advisory firms and co-investment partners.

According to Sharp, Hatcher+ plans to raise additional funds through a series A round in the near future, with 70% of the capital to be allocated toward research and development for its proprietary platform.

In 2017, the company secured US$3.5 million in a funding round led by Mistletoe, the firm owned by Taizo Son, brother of SoftBank founder Masayoshi Son.

Sharp, a business process automation expert, founded Hatcher+ alongside AI and data science pioneer Dan Hoogterp and ecosystem development whiz Wissam Otaky.