Putra Muskita · · 1 min readDutch investment firm closes $90m fund to back India, SEA VCs
(From left): Orient managing partner Ricardo Bun, Battery Smart co-founder Pulkit Khurana, and Orient managing partner Rinze Verbeek
Orient Growth Ventures, a Netherlands-based investment firm, has closed Orient Growth Fund II, its second fund targeting Southeast Asian and Indian startups. The firm pulled in US$90 million in commitments, over 3x the US$25 million it raised for its first fund in 2020.
Founded in 2019, Orient Growth Ventures aims to bridge the gap between European investors and the VC ecosystem in India and Southeast Asia. According to its website, the firm focuses on investing in venture funds while also making direct deals.
Among the local VC firms it has backed are AC Ventures, Jungle Ventures, and TNB Aura. It’s second fund is backed by limited partners that include high-net-worth individuals from Europe, entrepreneurs, as well as family offices across Europe and Singapore.
“The closing of our second fund demonstrates the significant confidence among our investors in the potential of Indian and Southeast Asian markets,” said Ricardo Bun, one of Orient Growth Ventures’ two managing partners, in a statement.
Editing by Jaclyn Tiu
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