BEAMSTART Logo

TRIVE Ventures launches $2 million fund; will invest up to $75k into startups

TRIVE Ventures is looking for 'tenacious' founders looking to build a profitable business.


TRIVE Ventures launches $2 million fund; will invest up to $75k into startups | BEAMSTART News

- From our Sponsors -

TRIVE Ventures, a Singapore-based venture capital firm, has launched a $2 million venture philanthropy fund.

Also known as the "Tenacious Founders Venture Philanthropy Fund", the new fund aims to invest up to SGD $100,000 ($75,000) in 10 successful applicants within the next 12 months.

- Featured Sponsor -

Investments will be structured in the form of a redeemable SAFE (simple agreement for future equity) note.

In fact, TRIVE will not take any equity in any of the startups, and recipients will not be required to guarantee the SAFE note.

Instead, recipients are encouraged to "pay it forward" — by using the proceeds of their business to fund the next successful applicant(s).

Christopher Quek, managing partner of TRIVE Ventures.

According to Christopher Quek, managing partner of TRIVE, he mentions that the VC firm is looking for founders with “proof of passion, integrity, and tenacity” with a focus on scaling a profitable business. 

Applicants must have a startup operating in Singapore for at least 2 years, and are required to nominate a "known credible person" in the business / startup ecosystem who can vouch for the above values. 

“Through our past incubator, we understand tenacity is what drives an entrepreneur to success. The fund aims to be the short-term bridge for these founders who are tenacious and have a ‘never-say-die’ attitude. We hope to support such local entrepreneurs to succeed and for them to create a positive economic impact for Singapore,” said Christopher Quek, Managing Partner of TRIVE.

- From our Sponsors -

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).