- New funds brings MVP’s complete quantity for Fund 1 to US$55 million
- Agency has accomplished 30 investments throughout SEA, India since 2019
M Enterprise Companions (MVP), an early-stage enterprise capital (VC) fund based mostly in Singapore has closed a follow-on automobile to proceed to again rising winners of their portfolio.
In an announcement, the agency stated this brings its complete corpus allotted to MVP Fund I corporations to US$55 million (RM247 million).
In keeping with MVP, its Fund I has been actively investing since first launching on the finish of 2019, and has now accomplished 30 investments throughout Southeast Asia and India.
Amongst its portfolio corporations are Naluri, a multi-disciplinary behavioral well being teaching startup; Liquide, an on-demand funding advisory platform for inventory buyers based mostly in India; and NewCampus a contemporary management faculty that delivers administration coaching for hyper-growth corporations in Southeast Asia.
It stated MVP Fund I primarily invests in technology-enabled B2B or B2B2C enterprise fashions on the early stage, pre-seed, seed and pre-Sequence A and stays targeted on backing seasoned expertise with true hustle and imaginative and prescient.
Mayank Parekh, founder and chief government officer (CEO) of M Enterprise Companions, “The enlarged corpus permits us to proceed supporting our most promising founders with each further capital and value-add help as they scale in the direction of the subsequent inflection level.
“Which means relying on traction, MVP’s cheque sizes can vary from a number of hundred thousand {dollars} to a number of million {dollars}.”
MVP additionally lately doubled down in Naluri’s pre-Sequence B spherical.
Azran Osman-Rani, co-founder and CEO of Naluri stated, “They’ve followed-on two consecutive occasions after their preliminary funding, and have supplied invaluable strategic steering as a board member and helped us increase our enterprise and investor networks in Asia.”
Arjun Balaji, co-founder and CEO of Connoisseur Backyard, stated, “Its first funding got here in 2021, they usually followed-on after we raised once more in 2022.”
Tanuja Rajah, principal at MVP stated the agency has solely deployed 40% of its capital to date and subsequently have fairly a little bit of dry powder left.
“Pushed by our perception that a number of the greatest, most impactful corporations will emerge from Southeast Asia and India within the subsequent few years, we’re undoubtedly not slowing down our tempo of investments regardless of present market situations,” he stated.
