Singapore: Vickers Venture Partners plans $500m fund targeting biotech, AI

Singapore-based Vickers Venture Partners is looking to raise its largest fund yet of up to $500 million later this year as it seeks to increase investment in biotechnology, nanotechnology and artificial intelligence (AI), said its chairman, Finian Tan. The venture capital firm is already looking for investors to participate in its Fund VI, Tan said in an interview. "It's not so soon (but) we are soft-marketing right now, looking for anchor investors for our new fund," he told Reuters. At $500 million, Fund VI will be one of the largest venture capital funds to be raised in Southeast Asia. Singapore-based venture capital firms, which benefit from government incentives, have enjoyed robust fundraising in 2017.