
TOKYO -- Singapore-based venture capital firm Insignia Ventures Partners said Monday that it has raised $516 million to invest in startups across Southeast Asia.
Of this, $388 million will be allocated to its third flagship fund, while another $100 million will be used for making additional investments in portfolio companies. Insignia also raised a $28 million "entrepreneurs pool" from family offices of technology companies' founders that will invest alongside the main fund.