Singapore's Vickers Venture Partners plans up to four more SPACs

Singapore

VENTURE capital (VC) firm Vickers Venture Partners could launch as many as four more blank-cheque companies to ride on investor appetite for high-growth tech companies.

Vickers Vantage Corp I, the firm's first special purpose acquisition company (SPAC), raised US$138 million in an initial public offering (IPO) on Nasdaq in January. It was sponsored by Vickers' sixth fund, which has a targeted closing of US$500 million.