Vickers Venture Partners announces that they have raised US$230 million, of which US$40 million is through an RMB vehicle, to invest in startups across the world. Fund V, their ﬁKh fund, is their largest fund to date and is believed to be the largest non-government linked VC fund in Southeast Asia.
Vickers Venture Partners, which was launched in 2005 by Dr Finian Tan (Chairman) and four partners – Dr Khalil Binebine, Dr Jeﬀrey Chi, Dr Damian Tan and Linda Li, is a venture capital ﬁrm with a global porVolio and a proven track record in the region and beyond. The ﬁrm has oﬃces in Shanghai, Hong Kong, Singapore, New York and San Diego, with an oﬃce opening in San Francisco in 2018. The porVolio companies cover life sciences, technology, media, and telecommunica]ons as well as consumer and ﬁnancial services.
Fund V is larger than Vickers Venture Partners’ four previous funds put together - Fund I: US$9 million, Fund II: US$33 million, Fund III: US$63 million, Fund IV: US$81 million.
Dr Finian Tan, Chairman of Vickers Venture Partners, is best-known as being the ﬁrst investor in Baidu, inves]ng US$6 million when the startup was valued at US$20 million. His other big investment is in San Diego-based biotech startup Samumed where he and his co-investors own approximately 11 percent of the company which is now valued at US$12 billion.