SEED Ventures secures Capital Markets Services Licence to Provide Venture Capital Fund Management Services
10 Jan 2020, by SEED Ventures
SEED Ventures (“SV”), a venture capital ("VC") company headquartered in Singapore, is pleased to announce it has been granted a Capital Markets Services (“CMS”) licence by the Monetary Authority of Singapore (“MAS”).
With the CMS licence, SV will be able to invest into startups on behalf of its investors via its Venture Capital Fund Management service.
Ian Gan, founder and Chief Executive Officer of SV, said: “This licence is a significant milestone for SV and further entrenches our role in Singapore as a leading seed-stage VC company. We are delighted to be one of the few VCs to receive approval from the MAS, and we believe this attests to our track record working with startups, management expertise and strength of our business plans to back the region’s startup ecosystem. The licence will enable us to expand our investor base by managing funds from accredited and institutional investors.
Nixon Ng, co-founder of SV, added: “Since 2013, SV has gotten involved with hundreds of startups and Small and Medium Enterprises (“SME”). Accordingly, it is keenly aware of the challenges faced by them, such as garnering market-share and connecting to buyers. It is a lot more than just cutting them cheques. Taking ownership in each investee and spending time with them is critical. The CMS license will enable us the resources to do even more for them”.
Ter Weizhi, Director of SV, sums it up: The next few years ahead will be exciting as SV scales up its investment efforts. Many more entrepreneurs will benefit with SV's involvement. We look forward to bringing them to the next level, and in doing so, generate extraordinary capital gains for our investors.
About SEED Ventures
SV is heavily involved in entrepreneurship activities in Statutory boards and Institutes of Higher Learning in Singapore such as National University of Singapore (NUS), Singapore Management University (SMU) and Agency for Science, Technology and Research (A*STAR). It currently has representative offices in 4 regions outside Singapore: Kuala Lumpur (Malaysia), Bangkok (Thailand), Ho Chi Minh City (Vietnam) and Manila (Philippines).