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DealStreetAsia

Singapore's Kollective seeks distressed tech assets amid COVID

Investment company eyes e-commerce, insurtech, platforms and media

Founded in 2018, Kollective Group was an early shareholder in Wish, Jenfi, Ender, ClearMD and Zenrooms.   © Reuters

SINGAPORE -- Kollective Group, a capital advisory and investment firm headquartered in Singapore, is on the lookout for distressed tech deals amid the COVID-19 crisis.

According to Kollective's founder and managing partner, Ho Kheng Lian, the firm is willing to invest $10 million to $20 million per deal, which would involve a full buyout and cover liabilities and working capital needed to turn the business around. Kollective is targeting companies across seed to Series D stages with $100,000 to $1 million in monthly revenue, with a tolerance of up to $1 million burn per month.

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