“Singapore-based venture capital firm Qualgro led a roughly US$11.2 million series A funding round for Pazzi, a brand and development company spun out of the French robotics and foodtech startup Ekim.”
“Southeast Asia’s venture capital space is booming right now. Openspace Ventures just announced the close of its newest $135 million fund, Golden Gate Ventures hit the first close on its upcoming $100 million vehicle, and a third Singapore-based fund is also raising big right now: Qualgro.
Unlike others, Qualgro has operated relatively under the radar to date.”
“Southeast Asian venture capital fund Qualgro is preparing to double down on its investments in the region and target more Australian investments, after closing the first 60 per cent tranche of a fresh $US100 million ($137.4 million) fund.”
“For Qualgro Venture Capital, finding money is not a big challenge in Southeast Asia but finding companies with great ideas is. Even so, this has hardly dampened Qualgro’s outlook for the market. Last month, this portal had reported that the firm was on the road to raise $100 million for its second vehicle. “The pain point right now is about finding great companies. Finding the money is not an issue. Great companies in SE Asia tend to be the same ones that receive a lot of investment, so they are usually oversubscribed rather than the other way round, Heang Chhor, founder, Qualgro, said in an interaction.”