Entrepreneur

S'pore-Based Cocoon Capital Raises S$30M Fund: Plans To Invest In Deep Tech Startups

Cocoon Capital today announced that it has raised its second fund at S$30M, and will be targeting enterprise tech startups in the region.

They also announced the launch of an initiative which will see them hosting public mentoring sessions “regularly across Singapore, Ho Chi Minh, Hanoi, Manila, Bangkok, Jakarta and Yangon” in a bid to help grow the local entrepreneurial ecosystems.

These sessions will be provided in partnership with local accelerators and coworking spaces.

Cocoon Capital has singled out startups within medtech, fintech, insurtech and “general deep tech” as primary targets for this fund.

Cocoon Capital was founded in 2016 by seasoned early-stage investors Michael Blakey and Will Klippgen who have done more than 60 seed tech investments and seen over 15 exits across Europe and Asia. Some of the firms they have funded include PropertyGuru, Tickled Media and iXiGO.com.

Said Michael Blakey, Managing Partner at Cocoon Capital: “The region has gigantic challenges that need to be solved by technology, and we believe we can help founders build and scale their companies faster.”

Added Will Klippgen, Managing Partner at Cocoon Capital: “There is a continuing gap in the region when it comes to hands-on mentoring, in particular at the early stages of a company’s formation, and Cocoon Capital has fine-tuned its operation to provide a tailored and comprehensive support package to our founders.”

“Many founders in the region lack a support network similar to those in Silicon Valley, London or Shanghai, and we are here to change that.”

 

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