M Venture Partners raises additional capital to spur investments

• New funds brings MVP’s total amount for Fund 1 to US$55 million
• Firm has completed 30 investments across SEA, India since 2019

M Venture Partners (MVP), an early-stage venture capital (VC) fund based in Singapore has closed a follow-on vehicle to continue to back emerging winners in their portfolio.

In a statement, the firm said this brings its total corpus allocated to MVP Fund I companies to US$55 million (RM247 million).

According to MVP, its Fund I has been actively investing since first launching at the end of 2019, and has now completed 30 investments across Southeast Asia and India. 

Among its portfolio companies are Naluri, a multi-disciplinary behavioral health coaching startup; Liquide, an on-demand investment advisory platform for stock investors based in India; and NewCampus a modern leadership school that delivers management training for hyper-growth companies in Southeast Asia.

It said MVP Fund I primarily invests in technology-enabled B2B or B2B2C business models at the early stage, pre-seed, seed and pre-Series A and remains focused on backing seasoned talent with true hustle and vision.

Mayank Parekh, founder and chief executive officer (CEO) of M Venture Partners, “The enlarged corpus allows us to continue supporting our most promising founders with both additional capital and value-add support as they scale towards the next inflection point.

“This means that depending on traction, MVP’s cheque sizes can range from a few hundred thousand dollars to several million dollars.”

MVP also recently doubled down in Naluri’s pre-Series B round. 

Azran Osman-Rani, co-founder and CEO of Naluri said, “They've followed-on two consecutive times after their initial investment, and have provided invaluable strategic guidance as a board member and helped us expand our business and investor networks in Asia.”

Arjun Balaji, co-founder and CEO of Gourmet Garden, said, “Its first investment came in 2021, and they followed-on when we raised again in 2022.”

Tanuja Rajah, principal at MVP said the firm has only deployed 40% of its capital thus far and therefore have quite a bit of dry powder left.

“Driven by our belief that some of the best, most impactful companies will emerge from Southeast Asia and India in the next few years, we’re definitely not slowing down our pace of investments despite current market conditions,” she said.