Amounts allocated to companies in the MVP Fund I portfolio now total US$55 million according to fresh funding from M Venture Partners (MVP), an early-stage venture capital fund based in Singapore. The VC firm received $30.85 million in May of this year out of a total of $55 million.
According to the company, 30 investments have been completed across India and Southeast Asia since MVP Fund I’s first debut at the end of 2019.
It mostly makes pre-seed, seed, and pre-series investments. B2B or B2B2C firms in the two markets that are tech-enabled.
“The MVP team continues to work closely with our portfolio even as they reach later growth stages so the enlarged corpus allows us to continue supporting our most promising founders with additional capital and value-add support as they scale towards the next inflection point. This means that depending on traction, MVP’s cheque sizes can range from a few hundred thousand dollars to several million dollars,” said Mayank Parekh, Founder and CEO of M Venture Partners.
M Venture Partners (MVP) is an Early-stage venture capital firm focused on backing the strongest teams across Southeast Asia and India.
“We’ve only deployed 40 percent of our capital thus far and therefore have quite a bit of dry powder left. Driven by our belief that some of the best, most impactful companies will emerge from Southeast Asia and India in the next few years, we’re definitely not slowing down our pace of investments despite current market conditions,” said Tanuja Rajah, Principal at MVP.
“They’ve followed-on two consecutive times after their initial investment and have provided invaluable strategic guidance as a board member and helped us expand our business and investor networks in Asia,” said Azran Osman-Rani, co-founder and CEO of Naluri, on MVP’s investment.
About M Venture Partners (MVP)
M Venture Partners (MVP), based in Singapore, is an early stage investor and partner to innovative and disruptive start-up ventures that are founded by “professionally-skilled” entrepreneurs with vision, true-grit and passion to create a “built to last” different future. They support entrepreneurs across Southeast Asia, and selectively India.