|
| Thursday, 2 April 2020, 15:30 HKT/SGT | |
| |  | |
Source: TNB AURA | |
|
|
|
SINGAPORE, Apr 2, 2020 - (ACN Newswire) - WHO declared COVID-19 a pandemic, its message balancing the inevitability of the virus' global ramifications, with the observation that governments, businesses, and individuals still possess the critical ability to alter the outbreak's trajectory. With businesses abruptly curtailing operations across most sectors, only a select set of companies are well positioned to take advantage of the current situation, while the majority are not.
 | | TNB Aura Co-founders and Managing Partners Vicknesh R Pillay and Charles Wong. |
 |
TNB Aura has launched a new Special Situations Fund, backing tech companies impacted by the pandemic with ~US$2M each.
"While we continue investing in growth companies in South East Asia via our first fund, and soon to be second, we see an opportunity to support great companies which are facing near-term cash flows issues as a result of The COVID-19 black swan event," Co-founder and Managing Partner, Vicknesh R Pillay commented. "Our highly selective and hands on approach to investing has proven resilient, reflecting as such in a majority of our portfolio companies. With our financial acumen, we assist our investee companies to be nimble in the manner in which they manage their cash flow, budgeting and talent optimization through volatility."
By providing an extended runway of 12-18 months to weather the headwinds, the fund serves to aid companies in returning their focus to achieving their targeted milestones. "We are investing for the long term, and seek to provide an encouraging narrative to the ecosystem at this critical time. Ultimately, we believe in strong fundamentals, and in the ability of selected companies to both weather the current storm and come out stronger on the other side," said Co-founder and Managing Partner, Charles Wong.
"With the market having previously witnessed a glut of over-valued deals, and today, a current value dislocation, TNB AURA is targeting value deals of high quality for this new fund," Pillay added. TNB AURA aims to turnaround funding within 1-2 months, with the fund open to a range of funding structures such as convertible notes or direct equity. For all interested applicants, please apply through the Special Situations Fund Form. All applications will be dealt with, with the highest confidentiality.
About TNB Aura
TNB Aura is a Singapore headquartered venture capital firm focused on Series A and B technology investments in the region. Founded by entrepreneurs and fund managers who have established, grown and exited several businesses, TNB Aura looks to become the marquee venture capital fund in South East Asia. We believe in people and companies with strong fundamentals, and invest $1mil-$5mil into the next wave of technology-led high growth companies.
For further information, please contact:
Vicknesh R Pillay
Managing Partner, TNB Aura
E: vicknesh@tnbaura.com
M: +65 9009 6164
Charles Wong
Managing Partner, TNB Aura
E: charles.wong@aura.co
M: +65 8250 2525
Topic: Press release summary
Source: TNB AURA
Sectors: Blockchain Technology, PE, VC & Alternatives
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Mainland China, Hong Kong, Macau companies triumph at finale of 2024 PropertyGuru Asia Property Awards 
Dec 22, 2024 20:50 HKT/SGT
|
|
|
The 2024 PropertyGuru Asia Property Awards International Luncheon celebrates real estate achievements in the Middle East and South Asia
Dec 22, 2024 19:30 HKT/SGT
|
|
|
Virturo Elite Club: Unlock Exclusive Wealth-Building Opportunities for High-Net-Worth Individuals
Dec 21, 2024 08:00 HKT/SGT
|
|
|
Pathwizz Redefines Trust in Digital Transactions with Award-Winning Support and Verified Platforms 'Wizz Support'
Dec 21, 2024 07:00 HKT/SGT
|
|
|
VAP Group's Global AI Show Explores the Future of AI with Over 3,000 Participants
Dec 20, 2024 22:46 HKT/SGT
|
|
|
n-hop technologies Limited and OneAsia Network Limited Partner to Revolutionize Data Transfer and Networking Solutions
Dec 20, 2024 21:40 HKT/SGT
|
|
|
AEON Credit Revenue Up 9.4% to HK$1,304.6 Million for First Nine Months of FY2024/25
Dec 20, 2024 21:30 HKT/SGT
|
|
|
Hong Kong Vocational Education Service in Joint Construction of the 'Belt and Road' Vocational Education Symposium
Dec 20, 2024 21:20 HKT/SGT
|
|
|
Huatai Securities Achieves MSCI ESG AAA Rating, the Highest Rating among Global Investment Banks
Dec 20, 2024 21:15 HKT/SGT
|
|
|
The finest places to live, work, and thrive in Asia are celebrated at the 19th PropertyGuru Asia Property Awards Grand Final
Dec 20, 2024 21:10 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
