Tanglin Venture Partners Eyes $250 Million for Third Fund to Drive Early-Stage Growth

Singapore-based VC firm, Tanglin Venture Partners is seeking to raise $250 million for its third fund, according to recent filings with the U.S. Securities and Exchange Commission (SEC).

Tanglin Venture Partners, with offices in India and Singapore, has established a strong presence in the venture capital industry through its earlier funds. In 2021, the firm successfully raised $50 million, backed by key investors such as Kalyan Krishnamurthy, CEO of Flipkart Group, Sujeet Kumar, co-founder of Udaan, and Binny Bansal, co-founder of Flipkart.

This followed its earlier filing to raise $45 million as part of Tanglin Venture Fund II. The firm has also made strategic investments in several tech startups, including PocketFM, Credgenics, and Lifelong, focusing primarily on early-stage companies. Its typical check size is up to $8 million, reflecting its commitment to supporting emerging companies.

Tanglin’s first fund, launched in 2019, raised $51 million, followed by $45 million for its second fund in 2022. The firm manages $250 million in assets and has invested in over 20 companies across sectors such as fintech, SaaS, supply chain, and direct-to-consumer brands. 

The firm is now gearing up to raise $250 million for its third fund, which will continue its focus on early-stage investments in high-growth sectors. It aims to back startups poised for market leadership.

The firm led the $10 million pre-Series B round for eco-friendly brand Beco, which included investors like Titan Capital Winners Fund and Manish Choksi of Asian Paints. Additionally, Tanglin has backed companies such as Master Chow and Ennoventure.

Tanglin’s third fund will focus on expanding its hands-on approach, providing capital, strategic guidance, and operational support to portfolio companies. The firm aims to continue fostering an ecosystem that accelerates startup growth, leveraging its network of industry experts and successful entrepreneurs. This approach has already led to numerous successful exits and growth stories.