Key Takeaways
- • OSK-SBI Venture Partners, a joint venture between OSK Ventures International (OSKVI) and Japan-based SBI Holdings, has launched its second venture capital fund with first close at US$20 million, targeting final close of US$40 million for Southeast Asian investments.
- • Fund 2 will invest across technology sectors including healthcare, financial services, enterprise software, education, and environmental/renewable energy, building on the flagship fund's portfolio of category-leading companies.
- • The inaugural fund (Fund 1), established in 2018, has deployed capital into portfolio companies including Doctor Anywhere (2.5 million healthcare users across six countries), Sunday Insurance (US$100 million+ revenue in insurtech), and Java Offshore (serving major oil and gas operators).
- • The successive fund launch reflects continued cross-region collaboration strength between OSKVI and SBI Holdings, with active fundraising ongoing to reach the US$40 million target close.
- • SBI Ventures Malaysia managing director Yoshihiro Ishiwata characterized the funding as marking "the start-up ecosystem's second act," driven by experienced founders, strengthened business models, and increased technological innovation addressing regional challenges.
Summary
OSK-SBI Venture Partners Ltd, a joint venture between Malaysian firm OSK Ventures International Bhd (OSKVI) and Japan-based SBI Holdings Inc, announced the launch of its second venture capital fund focused on category-defining companies across Southeast Asia. The fund achieved first close at US$20 million in capital commitments, with active fundraising targeting a final close of US$40 million, according to an announcement on June 26.
The inaugural fund, established in 2018, leveraged the combined multi-decade track records of SBIVM and OSKVI in investing across ASEAN technology start-ups and growth companies. That fund has grown to include notable portfolio companies: Doctor Anywhere, which provides healthcare services to over 2.5 million users across six countries; Sunday Insurance, one of the region's largest insurtechs with over US$100 million in annual revenue; and Java Offshore, which serves many of the world's largest oil and gas companies.
Fund 2 will pursue a broad investment mandate across technology sectors, including healthcare, financial services, enterprise software, education, and environmental and renewable energy solutions. SBI Ventures Malaysia managing director Yoshihiro Ishiwata characterized the fund launch as representative of "the start-up ecosystem's second act," noting that the regional community now benefits from experienced founders and employees, increasingly mature business models, and technological innovation focused on solving ASEAN's most pressing issues.
The successive fund launch underscores continued confidence in the cross-border partnership between OSKVI and SBI Holdings, with both partners maintaining active fundraising efforts to reach the US$40 million target capital commitment threshold.
The inaugural fund, established in 2018, leveraged the combined multi-decade track records of SBIVM and OSKVI in investing across ASEAN technology start-ups and growth companies. That fund has grown to include notable portfolio companies: Doctor Anywhere, which provides healthcare services to over 2.5 million users across six countries; Sunday Insurance, one of the region's largest insurtechs with over US$100 million in annual revenue; and Java Offshore, which serves many of the world's largest oil and gas companies.
Fund 2 will pursue a broad investment mandate across technology sectors, including healthcare, financial services, enterprise software, education, and environmental and renewable energy solutions. SBI Ventures Malaysia managing director Yoshihiro Ishiwata characterized the fund launch as representative of "the start-up ecosystem's second act," noting that the regional community now benefits from experienced founders and employees, increasingly mature business models, and technological innovation focused on solving ASEAN's most pressing issues.
The successive fund launch underscores continued confidence in the cross-border partnership between OSKVI and SBI Holdings, with both partners maintaining active fundraising efforts to reach the US$40 million target capital commitment threshold.
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