The VC firm will use one-third of its funds to invest in European investments, another third in Chinese investments, and the remaining one-third for investments in American and Southeast Asian companies. Cathay Innovation has already made two investments in the region: the first in Jakarta based fintech startup FinAccel, followed by Singaporean insurtech startup Igloo (formerly known as Axinan). Earlier in June 2019, Cathay Innovation had managed to raise US$346 million for its first fund.
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