Fika Ventures finds $40m with help from SPH

Feb 21, 2017 • Robert Lavine

The US-based venture capital fund has secured Singapore Press Holdings as a limited partner as it closes $40m in capital.

Media company Singapore Press Holdings (SPH) is among the limited partners in the $40m fund recently closed by US-based venture capital firm Fika Ventures, DealStreetAsia has reported.

Fika is a seed-stage investor that aims to back startups developing solutions to what it calls “deep systemic problems,” according to a blog post by Singaporean co-founder and general partner Tianxiang Zhuo on Medium.

The fund will mainly target marketplace operators and enterprise software, financial and digital health technology developers based in California, and…

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