Jubilee unveils US$100m kitty for Series A startups

Singapore

A NEW US$100 million fund has been unveiled for Series A-stage startups in Singapore.

Managed by new venture-capital player Jubilee Capital Management, it will target startups in consumer tech, enterprise software, fintech and the Internet of Things. The Singapore-based fund, which will also target startups in South-east Asia, China, Israel and the US, will make investments over the next five years, with each investment to be valued at between US$500,000 and US$2.5 million.