Saison Capital Principal Qin En Looi
Singapore-based early-stage VC firm Saison Capital has launched a token fund to accelerate Web3 investments in Southeast Asia and India.
Saison Crypto is backed by its parent Credit Saison’s nearly US$30 billion assets under management (AUM). The fund is a permanent capital entity that does not have a typical General Partner/Limited Partner structure.
“As such, the new fund has the ability to draw down on capital from Credit Saison quite flexibly. Saison Capital and Saison Crypto collectively can deploy US$150 million, with additional support readily available from Credit Saison’s US$30 billion AUM,” said Qin En Looi, Principal at Saison Capital.
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The average ticket size is between US$200,000 and US$500,000 with follow-on support throughout the portfolio company’s journey.
Saison Crypto’s first token-only investment is in the pipeline. “This builds on top of our 30 existing investments which are primarily a combination of equity and tokens,” Looi added.
Saison’s Web3 investments include BVNK, Flint, Wind, Open Eden, Binocs, and Evertas. More than 65 per cent of its Web3 deals were made in H2, 2022.
According to Chris Sirise, Founding Partner at Saison Capital, there are significant gaps in the infrastructure we need for Web3 services to mature and close the distance to mainstream adoption. Asia is poised to be a growth engine, both for local and global companies building these foundations, which is why companies are making it a priority to find the right partners who can help them successfully navigate the region.
“Saison Capital is accelerating these pathways by partnering with experienced founders and operators who take a long-term view on innovations that can happen in the space regardless of market conditions,” Sirise added.
Saison Capital is an early-stage fund (pre-seed to Series B) with a focus on emerging markets. It backs founders solving big problems, including embedded finance (non-fintech companies expanding into fintech, Web3, and e-commerce).
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