VENTURE capital (VC) firm Vickers Venture Partners, founded by veteran investor Finian Tan, is allocating an even larger portion of its funds in "deep technology'' (deep tech) investments, as the firm refines its focus.
Vickers' latest fund, Fund VI, raised US$255 million in 2021 and is over 80 per cent in deep tech. This is higher than the 60 per cent ratio for Fund V, which raised US$183 million in 2017.
Redefining Vickers funds' investment universe towards deep tech - which Tan defines as "breakthrough'' technologies with the potential for global impact - and away from a generalist VC approach follows a review of the firm's historical successes to date, and would also help attract startups...
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