Singapore’s largest telecommunications company has hiked its venture arm’s operating capital by $100m as it looks to expand its international investments.
Singaporean telecommunications firm Singtel pledged another $100m for early-stage investment vehicle Singtel Innov8 today, bringing its capital allocation up to $350m as the company seeks technologies that can strengthen its core operations.
Singtel Innov8 operates as an evergreen fund but the extra capital will support increased investment activity across Southeast Asia, the US, China, Israel and Australia.
Yuen Kuan Moon, Singtel’s CEO and the chairman of Singtel Innov8, said: “This capital infusion is meant for identifying and growing innovative startups…
