Insignia Ventures Partners raises $516 million to invest in Southeast Asia startups

Insignia Ventures Partners, an investment firm focusing on technology startups has raised $516 million to invest in tech startups in Southeast Asia.

• The fund includes $388 million for Insignia's third fund, $28 million for an entrepreneurs' pool that invests alongside the main fund, and an Annex fund at $100 million.
• Insignia Ventures is an early-stage technology venture capital firm partnering with founders to build great companies in Southeast Asia, with a portfolio of over 70 companies.
• Its portfolio includes Carro, a Southeast Asia car marketplace, GoTo, an Indonesia-based tech firm, and Ajaib, a digital investment platform in Indonesia among others.
• The VC's third fund welcomed participation from wealth funds, university endowments, and family offices in Asia, Europe, and North America.