TandemLaunch Inc., a seed investor and incubator focused on creating early-stage technology startups, has entered into an investment partnership with Cap Vista Private Limited, the strategic investment arm of the Defence Science and Technology Agency of Singapore.
Cap Vista Private will commit undisclosed amount to TandemLaunch Ventures Fund II. Other details of the agreement were not disclosed.
“Our ability to bring together brilliant technologists, entrepreneurs and strategic partners is at the core of our unique value creation model,” said Helge Seetzen, General Partner of TandemLaunch. “Beyond their investment in TandemLaunch Ventures Fund II, this partnership formalizes a framework by which Cap Vista can further empower our ventures by providing access to potential new sources of funds and development opportunities internationally.”
”We invest in technology start-ups with promising applications and products that seek to develop their businesses in the Asian defence and security market,” said Chee Wei Nga, CEO of Cap Vista. “We believe that such innovative technologies and partnerships are beneficial for our mutual entrepreneurial ecosystems, as well as the defence and security needs of Singapore.”
TandemLaunch closed TandemLaunch Ventures Fund II in November 2016 reaching $15 million CAD with the support of BDC Capital, and an exceptional group of private and international investors.
The new fund will allow TandemLaunch to initiate at least another dozen new ventures that can draw on the financial and commercial support of a select group of Investment Partners. The objective of the fund is to create companies that develop strong intellectual property with the potential for global commercialization.
photo credit: TandemLaunch