Heritas Capital to launch US$30m 'impact investing' venture fund by H12021
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Singapore
SINGAPORE-BASED Heritas Capital Management is planning to launch a US$30 million "impact investing" fund, focused on early-stage technology startups in the healthcare, education and food industries which can bring social and environmental benefits as well as financial returns.
It is targeting a first close by the first half of 2021, said chief executive and executive director Chik Wai Chiew. He added that the fund - Heritas Venture Fund II - plans to invest up to US$3 million for a "significant minority stake" in each selected start-up that is in the seed or Series A stage.
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