Singapore Blue-Chip Veteran to Raise Funds for New Venture Firm
- Altara Ventures plans to raise over $100 million initially
- Partners include Koh Boon Hwee and ex-B Capital executives
Koh Boon Hwee
Photographer: Wei Leng Tay/BloombergThis article is for subscribers only.
Koh Boon Hwee, one of Singapore’s most prominent executives, is teaming with four fellow investors to try and raise $100 million for a new venture firm targeting Southeast Asia.
Koh, former chairman of DBS Group Holdings Ltd. and Singapore Telecommunications Ltd., and his partners think the time is right to start a new venture capital firm, despite challenges from the coronavirus pandemic. They’ll target early-stage investments in fintech, consumer internet, enterprise software, logistics, healthcare and education.