MassMutual Ventures launches US$50M Southeast Asia focused fund

Boston-based venture capital fund MassMutual Ventures today announced the establishment of its US$50 million Southeast Asia-focused fund MassMutual Ventures Southeast Asia (SEA).

“We made the decision just about a year ago to evaluate expanding into SEA and establishing a dedicated fund here. The primary rationale is just the tremendous opportunity that we see in the last several years, of entrepreneurs forming businesses and capital coming into this market to back those businesses,” MassMutual Ventures Managing Director Doug Russell explained.

Based in Singapore, the fund will be led by Managing Directors Ryan Collins (former Head of Asia at Manulife’s LOFT incubator) and Anvesh Ramineni (former Head of the Investments Team at OpenSpace Ventures).

Navojit Dastidar