Velocity hits first close on Southeast Asia travel fund
Velocity Ventures, a Singapore-based VC firm focused on travel and hospitality, has reached a first close on its debut fund. Commitments stand at 40% of the $20 million target.
LPs include high net worth individuals, family offices, and other institutional capital, the firm said in a statement. It added that support for the fund validates investor belief in a long term, strong...
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