Vulcan Capital, the multi-billion-dollar investment arm of the late Microsoft co-founder and philanthropist Paul G. Allen, has opened its first international office in Singapore. In the initial phase, Vulcan Capital will deploy US$100 million into venture opportunities across Southeast Asia, making it one of the largest early stage platforms of its kind to be established in the region.
Formed in 2003, Vulcan Capital takes an entrepreneur-friendly approach and invests in both private and public companies with a long-term investment horizon. The company, now including its Singapore office, is unique in that investment returns generated by Vulcan Capital will go towards funding the development of globally focused philanthropic initiatives, delivered through Vulcan and its many partners.
The Singapore office is being built from the ground up and is helmed by managing directors Tommy Teo and Minjie Yu. Both Teo and Yu have extensive investment experience focused on growth and technology opportunities across Southeast Asia.
Vulcan Capital Singapore will focus on Seed, Series A and Series B investments and will combine the expertise of a local investment team with the global network of Vulcan Inc., to directly source and support entrepreneurs and investments in the region.
“Vulcan Capital’s distinctive mission is a first for Southeast Asia, and we look forward to bringing a new brand of catalytic capital to the entrepreneurial and investment community here,” says Tommy Teo, managing director and head of Southeast Asia.
“We aim to improve our planet and support communities around the globe through catalytic philanthropy, scientific research and commercial ventures,” says Bill Hilf, CEO of Vulcan, Inc.
Vulcan Capital Singapore is the company’s third office as it expands across the globe.
“Most of our investments have been focused across North America and we’re looking forward to deepening our relationships with entrepreneurs across Asia as well, beginning here in Singapore,” says Chris Orndorff, chief investment officer of Vulcan Capital.