Vickers Ventures Partners closes fifth fund at US$230M, eyes global firms

Yon Heong Tung
Vickers Ventures Partners closes fifth fund at US$230M, eyes global firms

Vickers Ventures Partners’s fifth fund is larger than all its previous funds put together

Global venture capital firm Vickers Venture Partners has announced it has closed its fifth fund at US$230 million, falling slightly below its original goal of US$250 million. It had made its first close of S$86 million (US$63.5 million) in July last year.

Vickers Venture Partners’ fifth fund is larger than all its four previous funds combined – Fund I: US$9 million, Fund II: US$33 million, Fund III: US$63 million, Fund IV: US$81 million.

Launched in 2005, the VC firm was founded by Dr Finian Tan (Chairman) along with four partners – Dr Khalil Binebine, Dr Jeffrey Chi, Dr Damian Tan and Linda Li. It is based in Singapore but has offices in Shanghai, Hong Kong, New York and San Diego.

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Dr. Finian Tan was the largest backer of Baidu until it went to IPO, putting in US$6 million into the company when it was only valued at US$20 million.

Prior to launching Vickers Venture Partners, Dr Finian Tan was a Managing Director at American VC firm Draper Fisher Jurvetson, and lead its APAC chapter. He was also Deputy Secretary of Trade and Industry for the Singapore Government where he oversaw the creation of the US$1 billion Technopreneurship) TIF fund, one of Singapore’s earliest government-backed tech innovation fund.

Moving on to Vickers Venture Partners, Dr Finian Tan set his sights on supporting global firms. He has made investments in Asia-based tech startups such as Singapore payments platform Matchmove and Retech, a Chinese edtech company that went public on the ASX a few months ago; it also invested in US-based startups such as life sciences company Samumed.

Image Credit: Vickers Ventures Partners

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