Former B Capital Group partners have formed a $100m venture fund that will principally target Southeast Asia-based technology startups.

Gavin Teo (pictured left) and Dave Ng (pictured right), previously partners at consultancy Boston Consulting Group-sponsored investment firm B Capital Group, have co-founded venture capital firm Altara Ventures, DealStreetAsia reported yesterday.

B Capital hired Ng in late 2015 and tasked him with setting up the firm’s office in Singapore, where he focused on deals in Asia. Teo, on the other hand, joined B Capital in mid-2016 as a general partner and founded its office in San Francisco before being appointed board…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.