Crane Venture Partners Unveils New $135 Million Fund Focused on APAC
Crane Venture Partners Launches New Fund
Crane Venture Partners has made an exciting announcement with the introduction of Crane APAC I, a significant fund aimed at empowering early-stage founders in the Asia-Pacific region. This new $135 million fund focuses on supporting innovative companies in markets such as India, Singapore, and Australia.
Expanding Global Reach
This initiative comes alongside Crane's broader strategy to manage approximately $450 million in assets across Europe and Asia-Pacific through its partnership with MassMutual Ventures. The new fund shows a robust belief in the potential of the region to foster the next wave of groundbreaking companies.
Investment Philosophy
Scott Sage, Co-founder and Partner at Crane Venture Partners, expressed enthusiasm for the APAC market, highlighting it as an area rich with promise and innovation. The firm aims to provide steadfast support, ensuring that founders have a partner dedicated to their long-term growth
Expertise in Local Markets
With an established presence in the Asia-Pacific region, Crane boasts a talented team equipped with the necessary experience to mentor early-stage entrepreneurs. Their focus spans various sectors, including FinTech, HealthTech, Security, and Artificial Intelligence.
Building Global Companies from Within
Carlos Jo Loo, a Partner at Crane Venture Partners based in Singapore, emphasized the ambition of local founders, stating they are building companies that can compete globally. The launch of Crane APAC I enhances their ability to leverage local expertise while utilizing the firm's global platform to benefit entrepreneurs.
Investment Focus Areas
Crane's commitment will manifest in several key areas:
- Early-Stage Funding: The fund will prioritize investments from seed to Series A, showing deep commitment towards sectors like AI, infrastructure, and more.
- Regional Experience: Crane’s APAC team utilizes years of experience combined with a global vibe to guide entrepreneurs at every stage of their growth.
- International Market Access: The fund aims to open doors for APAC founders, granting them access to European and U.S. markets, thus accelerating their journey toward global category leadership.
Strategic Growth and Partnership
The establishment of the $135 million APAC I fund highlights Crane's robust strategy following a significant partnership worth $450 million with MassMutual Ventures. This partnership not only underscores Crane's commitment but also signals a dedication to nurturing ambitious entrepreneurs across Asia-Pacific.
About Crane Venture Partners
Crane specializes in making high-conviction investments in foundational technologies, supporting ambitious founders right from inception through the early stages of their ventures. They are deeply involved as partners, assisting in crucial aspects of company-building, market strategies, scaling, and more.
Conclusion
Since its inception in 2015, Crane has invested in numerous pioneering companies across various tech sectors. The launch of the APAC I fund is yet another step in their mission to facilitate the growth of innovative leaders in a rapidly evolving market landscape.
Frequently Asked Questions
What is the purpose of the $135 million APAC I fund?
The fund aims to support early-stage founders in the APAC region, helping them develop their businesses into market leaders.
What areas does Crane Venture Partners focus on?
Crane focuses on sectors such as FinTech, HealthTech, Security, AI, and other technological fields.
Who are the key people at Crane Venture Partners?
Key figures include Scott Sage, Co-founder and Partner, and Carlos Jo Loo, Partner based in Singapore.
What is Crane's investment strategy?
Crane emphasizes high-conviction investments, supporting founders from seed funding through to larger rounds as they scale globally.
How will the fund help entrepreneurs grow?
The fund will provide access to funding, mentorship, and connections to global markets to accelerate growth.
Media Contact David Oro crane@orogroup.com
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