Eight Roads Ventures, the venture capital arm of Fidelity International, sees the potential for a $200-million fund focused on Southeast Asia, a top executive told this portal.
The venture capital firm has opened its first office in the region in Singapore, adding to a global presence spanning India, Japan, China, the US and Europe. In an interview with DEALSTREETASIA, Eight Roads Asia managing partner Raj Dugar said the company hopes to fill the Series B-D funding gap in Southeast Asia.
Eight Roads has over 300 portfolio companies globally, with about $1 billion in assets under management in Southeast Asia and India alone. With a ramped up Southeast Asia presence, it plans to target investments in consumer tech, deep tech and healthcare in Singapore, Indonesia and Vietnam. These sectors, Dugar said, require patient capital, which is a strong suit for the global venture firm.
