Singapore VC closes $90m fund for fintech, insurtech, digital health

Singapore VC closes $90m fund for fintech, insurtech, digital health Miguel Cordon

The Integra team / Photo credit: Integra Partners

Singapore-based Integra Partners has closed its second venture fund at US$90 million, bringing the firm’s total committed capital to over US$140 million.

Integra Partners Fund II is backed by institutional investors such as DEG, the US International Development Finance Corporation, Norfund, and Tikehau Capital.

The fund focuses on early-stage investments in the fintech, insurtech, and digital health sectors. It aims to support startups that focus on improving access to financial services and healthcare.

Integra’s first fund, launched in 2017, has consistently achieved top quartile returns, according to Cambridge Associates’ performance benchmarks.

The VC firm has invested in 27 companies across its two funds, including Graas, GIMO, Brankas, and Spark Systems. One of its most recent investments came in March last year, participating in the US$8.3 million round of Indonesian earned-wage access firm Wagely.

See also: VC funds tracker: Capria Ventures’ $100m fund reaches first close

Note: This article was written with the help of AI. Don’t worry, humans were still involved in producing this story.