Integra Partners raises US$90 million for Fund II; targets fintech, digital health startups

SINGAPORE-BASED venture fund Integra Partners closed its Fund II late last month at US$90 million, bringing the total committed capital managed by the firm to more than US$140 million. 

Its Fund II targets fintech, insurtech and digital health opportunities that leverage cross-sector synergies to drive financial and healthcare inclusion, said Integra on Thursday (May 4). 

The fund aims to empower tech entrepreneurs in making responsible financial services and healthcare more accessible and affordable across South-east and South Asia.

Chris Kaptein, managing partner at Integra, said: “We included digital health in the mandate for Fund II as we see it as a test case to prove our thesis that fintech is becoming a horizontal layer across all sectors, and is embedded in all industries.”

Fund II, which is Integra’s latest, is anchored by global institutional investors such as Germany’s development finance institution DEG, and the United States’ International Development Finance Corporation. 

Integra, an early-stage investment fund manager, has invested in 27 companies across its two funds, with a portfolio that includes regional e-commerce aggregator Graas, and open finance provider Brankas. 

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The firm, which has a headcount of 17, also has plans for further regional expansion. Besides Singapore, it currently has footprints in the Philippines, India and Pakistan.

“Integra intends to continue expanding regionally, building out its venture partner network and in-country teams,” it said.