The latest VC firm that is putting its money where its mouth is – Korea Investment Partners Southeast Asia (KIPSEA) – has closed its first Southeast Asia venture capital (VC) fund at $60 million.

Aimed at supporting startups from the region, the fund, which has attracted investors from South Korea, Hong Kong, and Singapore, will target a variety of areas, including fintech, proptech, and enterprise software.

In particular, the fund is looking for startups that are harnessing cutting-edge technologies to solve real-world problems in the region. KIPSEA hopes that investing in these startups will help to drive innovation and economic growth in Southeast Asia.

The fund offers a unique proposition, as it provides access to the South Korean market and expertise, as well as a strong network of mentors and advisors. In addition, KIP Southeast Asia has a strong track record of successful investments, and the fund is led by a team of experienced venture capitalists.

Among the investors are Samsung Life Insurance, Korea Development Bank, Korea Growth Investment Corporation,, Woomi Global, Mirana Ventures, and Korea Investment & Securities Asia. With the fund, KIPSEA is poised to make a significant impact on the Southeast Asian startup ecosystem.