Corporate venturing firms Siemer Ventures, Recruit Strategic Partners and GMO Venture Partners have co-invested in start-up e-commerce and digital media venture firm and incubator, Ardent Capital, in what is being called a strategic move to get access to South East Asia entrepreneurs and technologies.
Siemer Ventures, the corporate venturing unit of eponymous US merchant bank, has co-invested alongside Recruit Strategic Partners, the corporate venturing unit of Japan vertical media company Recruit, and GMO Venture Partners, the corporate venturing unit of Japan GMO Internet Group, have all made a strategic investment in Ardent Capital, a Thailand-based venture unit and incubator funding e-commerce and digital media start-ups in Southeast Asia.
The investment marks the first round of external funding for Ardent Capital. The round includes additional…
