Terra Capital, Bangkok-headquartered investment firm, announces that Singapore-based Dr. Reckendorfer & Partners, has acquired a minority stake in Terra Capital in order to support the firm and its current investment portfolio in reaching their expansion and revenue goals.
Dr. Reckendorfer & Partners has seven worldwide offices in addition to Singapore, whichare located in Bangkok, Hong Kong, Kaohsiung, Belgrade, Limassol, and Vienna.
Terra Capital CEO Stefan Gunnarsson commented, “The acquisition of a minority stake in Terra Capital by Dr. Reckendorfer & Partners validates the strength of our portfolio and gives us the backing of a firm with a global network and valuable local insights in Asia and Europe. We are scaling the companies in our portfolio across the region.”
“We view the partnership with Terra Capital as an ideal symbiosis of two companies involved in innovative business models and technologies,” said Dr. Reckendorfer & Partners Chairman Dr. Wolfgang Reckendorfer.
Terra Capital CEO and founder Stefan Gunnarsson established Terra Capital in 2017 for early stage investments in Southeast Asia.
Also Read: Online cashback platform RebateMango acquires Thai rival DeeDee Cashback
Over the past three years, Terra Capital has invested US$2 million in total in eleven startups in pre-seed and early stage rounds. The firm aimed to invest US$5 million within the next twelve months.
Terra Capital’s notable additions to its portfolio include Singapore-headquartered online property rental marketplace Flat Monthly, Vizoport; Asia-based producer of 3D immersive content, and JobExpress, a recruitment startup that seeks to minimise operating costs.
Being onboard, Dr. Reckendorfer & Partners said it provides strategic, investment, business development, and operational services to create and accelerate establishment of businesses in Asia and Europe.
Dr. Reckendorfer & Partners, or DR&P, is an international and interdisciplinary consultancy company, specialisung in representing European high tech companies in the Asia Pacific (APAC) region.
–
Picture Credit: unsplash.com/@jarvisphoto
The post Thailand-based Terra Capital sells minority stake to Singapore-headquartered Dr. Reckendorfer & Partners appeared first on e27.