Yinglan Tan, a Sequoia enterprise companion based mostly out of Singapore, has left the agency following a five-year stint and is now launching his personal fund. Each Tan and Sequoia confirmed that he departed earlier this yr.
Tan, who joined Sequoia in 2012 from Singapore’s Nationwide Analysis Fund and is the creator of two books on tech and funding, was a part of Sequoia’s presence in Southeast Asia.
Now, nonetheless, is he targeted on his personal agency which known as Insignia Enterprise Companions, in line with his LinkedIn profile. E27 reported that the agency is close to to closing its maiden fund, however Tan declined to touch upon the specifics once we requested.
“I enjoyed my time at Sequoia greatly. I finally have some down time to pursue my interest to holiday in Southeast Asia and spend more time with my kids. More importantly, I have got some time to shape my thinking. I am starting to crystallise my thoughts for Southeast Asia,” he mentioned.
“The startup ecosystem in Southeast Asia is booming and now is the right time to do something. I am hatching my plans, but nothing concrete yet. Give me some time and stay tuned,” Tan added.
Sequoia is among the few funding funds that operates within the Collection A and Collection B areas in Southeast Asia. Regardless of that and rising curiosity within the area from main tech firms, with latest offers from Alibaba, Tencent, SoftBank and Expedia, it doesn’t have a devoted fund. As a substitute, its Southeast Asia offers are lined by the Sequoia India fund. The present India fund, the agency’s fourth, is the nation’s largest VC fund with a complete corpus of over $850 million.
Earlier this summer season, Sequoia secured $four billion in recent financing, together with $2 billion for its progress funds, in line with a U.S. submitting. The agency decline to supply particulars on how the capital shall be allotted, however a great wager is that a big chunk shall be put to work in Asia. Certainly, in line with report, $125 million of that recent allocation was funneled into the present India fund.
Word: The unique model of this put up has been up to date with corrections.
Featured Picture: Alan Kuan Hsu (Fb)