TLDR:
- OSK-SBI Venture Partners launches second venture capital fund
- The firm makes its first investment in a global film, TV, and sports content marketplace called Allrites
OSK-SBI Venture Partners Ltd. has announced the launch of its second venture capital fund to invest in category-defining companies across Southeast Asia. The first close of $20 million in capital commitments highlights the ongoing collaboration between OSK Ventures International Berhad and SBI Holdings, Inc. through its subsidiary, SBI Ventures Malaysia Sdn Bhd. The target for the final close of capital commitments for Fund 2 is $40 million, and investments will be made across various technology sectors. The firm’s debut investment for Fund 2 is in Allrites, a global content marketplace. OSK-SBI believes in the potential of Southeast Asia’s startup ecosystem and aims to empower innovation and facilitate growth in the region’s tech landscape.
OSK-SBI Venture Partners has a strong track record of investing in ASEAN technology startups and growth companies. Their Fund 1 includes companies like Doctor Anywhere, Sunday Insurance, and Java Offshore. With the launch of Fund 2, the firm aims to continue nurturing bright talents and groundbreaking ideas in the region. OSK Ventures International has successfully nurtured companies to trade sales and IPOs since 2000, while SBI Holdings is a Tokyo Stock Exchange listed financial conglomerate focusing on financial services and investment businesses. SBIVM, the Malaysia-based subsidiary, has been actively investing in private companies across ASEAN since 2011.
