Syamil Faisal18 Oct, 2019
Insignia closed its second fund with an oversubscription of $200 million — almost doubled last year’s $120 million first fund.
Its limited partners include premier institutional investors:
The firm has won the Singapore Venture Capital & Private Equity Association's "VC Deal of the Year" for its investment into Indonesian fintech firm Payfazz — marking its second year in a row winning the award with last year’s investment in an automotive marketplace, Carro.
Insignia’s portfolio comprises logistics startup Janio, fund-transfer platform Flip, and smart home solutions firm Igloohome.
Tan Yinglan, founding managing partner of Insignia remarked:
“Insignia's call to adventure from day one has been to nurture the growth of early-stage companies in South-east Asia. We do not see this change moving forward, especially as there is more smart capital and top talent flowing into the region that spur the formation of great companies.”