New Fund for Southeast Asia Tech Hits First Close

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A new fund looking to invest in Southeast Asia tech startups has hit its first close, raising about $70 million

The firm, Singapore-based Asia Partners Fund Management Pte Ltd., aims to make investments of between $20 million and $100 million, it said Friday.

Among the sectors showing promise are specialized travel platforms, e-commerce logistics and enterprise software, according to executives at the company.

 

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