Singapore VC Accelerating Asia targets $20m for second fund

Singapore-based accelerator and venture capital fund Accelerating Asia has rolled out its second fund to a wider investor community.

More details

• Target amount: US$20 million
• Commitments so far: US$10 million

More company updates

• Accelerating Asia’s second fund will begin deploying capital in 2021.
• It will focus on seed to pre-series A investments in startups across Southeast Asia and South Asia.
• Within two years of closing its first fund, Accelerating Asia has invested in 36 startups – such as Drive Lah, Hellotask, and HandyMama – across 10 markets and 20 verticals.
• The team has also pledged to contribute 1% of the general partners’ carried interest to solving development problems across the region.

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