Singapore Blue-Chip Veteran’s Firm Raises $130 Million Tech Fund

(Bloomberg) — The venture capital firm co-founded by former Singapore Airlines Ltd. Chairman Koh Boon Hwee closed its first fund at $130 million to back startups in Southeast Asia’s fast-growing technology industry.

The firm, Altara Ventures, drew in investors including Singaporean and South Korean sovereign wealth funds, Razer Inc., and a Europe-based fund of funds, Dave Ng, one of the firm’s five general partners, said in a phone interview. It exceeded its initial target of $100 million, he said.