The firm has signed up Facebook, Airbnb, Carousell, Grab and Stripe for a first fund which has reached a $21.9m close.
Singapore-based venture capital firm Forge Ventures has closed its inaugural fund at approximately $21.9m with backing from a number of corporate limited partners (LPs), e27 reported yesterday.
The vehicle, which was oversubscribed, received commitments from social network operator Facebook, holiday rental property marketplace Airbnb, payment processing software provider Stripe, online marketplace Carousell and food delivery and digital payment service Grab.
Qoala, Kopi Kenangan, Fabelio, GajiGesa and Funding Societies are also among the vehicle’s LPs. It is expected to invest in…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
