Dymon Asia Ventures $50M debut fund

By mdkg1116

Sep 29, 2016 05:56 AM EDT

Dymon Asia Capital, has spring the process to raise a $50-million debut fund. This fund is solely dedicated to Fintech Space, which DEALSTREETASIA has acquired. DAC (Dymon Asia Capital) is collaboratively founded by Danny Yong and Keith Tan, the overseers of the assets aspires to have a turn over $5 billion.

The new venture is program to provide the early stage capital of Seed to Series B of Fintech for startups in the regions of Singapore and Southeast Asia. Fintech has to work in the fields of asset, wealth management, insurance and credit. The upcoming investment is estimated to earn between $200,000 and $5 million, confirms the executives who fully knew development of the industry. The firm perceives to produce Fintech startups. The first of its breed is Sparks System,that offers a technology solution for market FX trading that will spring out, the executives stated.

DAV (Dymon Asia Ventures) aims to produce between10 to 15 investments from its debut fund, of about 10% of the corpus committed to the startups. It plans to nurture and breed 20 percent of stage firms, 50 percent across Series A and B.Then the remaining 20 percent will be allotted for select special opportunities.

Jinesh Patel, the partner of the VC and Christian Kaptein, the principal investment executive, are the overseers of the fund and the portfolio of the companies. DAV, has not publicly commented yet on its venture arm. When the two proponents are contacted, they declined to comment. In addition to the newly opened venture arm, Dymon also has a private equity business, which had started in 2012 and graced with the commitment of Heliconia Capital Management- a wholly owned subsidiary of Temasek Holdings. In 2014, it also merge with Temasek, the Singapore state-fund company. It has raised committing $500 million to establish the Dymon Manager Solutions Group. It becomes the greatest stakeholder in Dymon Asia Capital. While most Singapore-based venture capital firms are actively keeping an eye at the Fintech Space, Dymon Asia Ventures does not stop there as it works along with Life.Sreda.  The two VCs from the city-state exclusively take heed on this. Fintech accounts for an increasing part of total VC funding in Southeast Asia. Meanwhile, Dymon Asia Ventures admits that in 2015 and in the first half of 2016, the $345 million funding that is raised is allocated to payments and lead generation, the two subsets of the Fintech Sector. Dymon Asia Ventures focal point is on credit, asset management, and insurance, which remain heavily under-invested.

Dymon Asia Ventures has already begun making investments from its new fund, and currently has a portfolio of about five Fintech firms. Their affiliate firms wish to provide all the investors a solution that enterprise trading of emerging market FX.

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