Home Breaking News VC firm Access Ventures raises US$ 30M for Fund II

VC firm Access Ventures raises US$ 30M for Fund II

Hong Kong-based venture capital firm

VC firm Access Ventures raises US$ 30M for Fund II
VC firm Access Ventures raises US$ 30M for Fund II
Hong Kong-based venture capital firm Access Ventures has raised US$ 30M for its second fund. The early-stage VC firm’s initial goal was to close the fund by 2020 with a target sum of US$ 50M but is now expecting to conclude the second fund by Q3 2021.

About Access Ventures

Access Ventures, headquartered in Hong Kong, is a venture capital firm focusing on early-stage technology companies in Southeast Asia, mainly in Vietnam and Indonesia. It resourcefully funds startups that have local or global business models. It has multiple startups in its portfolio with their origins in Silicon Valley, Korea, and Singapore. Access Ventures’ partners have a collective 50+ years of experience in global finance and technology investment, which provides it with extensive networks amid senior business leaders. The Limited Partners (LPs) who contributed in Fund II include Korea Venture Investment Corp (KVIC), the investment arm of Korean multinational F&F, and multiple Singapore-based family offices such as Octava. Line Ventures and Mahanusa Capital, who had invested in Access Ventures’ Fund I have participated in the second fund as well. To date, Fund II has made over 10 new investments in countries across Southeast Asia. Its portfolio firms include Akseleran, Godee, A-Stin, CredoLab, GoDee, Helicap and many more.

Access Ventures generally focuses on investing in startups across the seed to Series A stage, but it should be noted that the VC firm remains open to late-stage investments as well, especially as a result of the ongoing financial crisis where firms can evaluate their end result better. For early-stage startups, Access invests in the range of US$ 300K to US$ 1.5M for a 5-10% equity stake across verticals such as fintech, data analytics and e-sports, among others.

Access Ventures launched its debut US$ 15M fund in 2017 and made 20 investments across companies, including Moca (online payment solutions provider, acquired by Grab in 2018), artificial intelligence firm Kata.ai, and freight forwarder startup Andalin.

About Korea Venture Investment Corp (KVIC)

Established in 2005, Korea Venture Investment Corp (KVIC) is an exclusive government-backed fund in Korea. It also acts as a Korean government agency, with the aim of promoting the development of Korean venture capital and private equity fund industry. Since its inception, KVIC has played a critical role in supporting the Korean economy by providing funds to small and medium-sized businesses. KVIC now manages about US$ 1.2 billion. So far, KVIC has invested in more than 160 funds and over 1,000 companies. 

We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Story

Previous articleAsynchronous Short Video Platform Voodle Raises US$ 6M
Next articleProptech startup FazWaz raises undisclosed amount in funding
Aishwarya writes about the startup ecosystem on VCBay. She is a third-year Computer Science engineering student who looks forward to exploring the world of startups and finance.


Please enter your comment!
Please enter your name here