Chu Swee Yeok, former CEO of Singapore’s state-owned EDBI, has teamed up with the present and former executives of the VC fund to launch a brand new funding agency known as August World Companions (AGP).
A multi-stage international fund, August World Companions, kicks off with an preliminary US$250 million.
The VC agency launched two key industrial funds: a continuation fund and a brand new healthcare-focused fund, in accordance with Yeok.
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“Thrilled to announce the founding of a brand new funding agency, August World Companions (AGP), with my former colleagues from EDBI. We’re kicking off with two industrial funds – a Continuation Fund and a brand new Healthcare Fund. Having been deeply concerned initially with laying of the foundations and subsequently nurturing the expansion of the biomedical trade in Singapore, I’m excited to proceed the journey at AGP. Wanting ahead to working with our strategic companions on new healthcare alternatives that can form and rework the sector,” Yeok mentioned in a LinkedIn submit.
Yeok is at present the Senior Advisor of EDBI and the Chair and Founding Companion of August World Companions. She has over three many years of expertise in administration, technique improvement, and making direct investments in early-to-growth and late-stage firms. She has expertise investing in Singapore and globally in diversified sectors of digital, monetary providers, frontier engineering and manufacturing applied sciences, sustainability, healthcare and different fast-growing industries.
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Yeok departed from her position as EDBI’s CEO on February 1.
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