The Singaporean state-funded VC Infocomm Investments is extending its $200 million fund to European tech startups, including investing in the London-based fintech accelerator run by Startupbootcamp.
The idea is to help the European/London startups it invests in to access markets in Singapore and Asia as a whole, with the former having ambitious plans to become a “Smart Nation”, creating a multitude of opportunities for tech startups home and abroad.
Infocomm Investments’ sweet spot is to invest between $1-5 million and that its investment in Startupbootcamp FinTech falls within that range.
In particular, Infocomm Investments is looking to co-invest with other VCs in London, for startups who are planning to expand into Asia through Singapore.
The fund’s current portfolio includes DataXu, Gengo, Just Commodity, Mobilewalla, Quid, Reebonz and Twilio.