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Founded in 2021, 1982 Ventures is a venture capital firm based in Singapore. The firm focuses on early-stage investments, particularly in the fintech and enterprise AI sectors. With a fund size of $20 million, 1982 Ventures has quickly established itself as a key player in the Southeast Asian startup ecosystem. The firm successfully closed its first fund in May 2022, exceeding its initial target of $15 million, which reflects strong investor confidence in its strategy.
The firm operates with a global perspective but emphasizes opportunities in Southeast Asia, particularly in countries like Indonesia, Vietnam, the Philippines, and Singapore. 1982 Ventures aims to support founders who are modernizing financial services and developing AI-driven solutions. The firm’s commitment to innovation is evident in its portfolio, which includes a diverse range of companies addressing various challenges in the fintech and AI domains.
1982 Ventures primarily targets seed-stage investments in the fintech and enterprise AI sectors. The firm seeks to back founders who are creating innovative solutions that modernize financial services and enhance operational efficiency through AI. Their investment strategy emphasizes the importance of robust AI architecture and fintech infrastructure, as well as the automation of workflows. This focus allows 1982 Ventures to identify and support startups that are poised to disrupt traditional financial services.
The firm’s geographic focus is on Southeast Asia, where it believes there is significant potential for growth in fintech and AI. 1982 Ventures is particularly interested in companies that are developing solutions for payments, lending, open banking, and earned wage access. The firm typically invests between $250,000 and $500,000 in its portfolio companies, providing not just capital but also strategic guidance and operational support.
1982 Ventures has built a diverse portfolio of companies that exemplify its focus on fintech and enterprise AI. Notable portfolio companies include:
This portfolio reflects 1982 Ventures' commitment to investing in companies that are at the forefront of innovation in their respective sectors.
Scott Krivokopich - Founding Managing Partner: Scott has extensive experience in venture capital and has been involved in numerous successful investments in the fintech sector. He co-founded 1982 Ventures to focus on early-stage opportunities in Southeast Asia.
Herston Elton Powers - Founding Managing Partner: Herston has a strong background in fintech and has led several notable deals in the region. His expertise lies in identifying high-potential startups and supporting their growth.
Jenny Goh - Operational Lead – Singapore: Jenny oversees operations in Singapore and brings a wealth of experience in managing startup operations and scaling businesses.
Amiyandra Suratman - Operating Partner - Jakarta, Indonesia: Amiyandra focuses on the Indonesian market, leveraging her local knowledge to identify promising investment opportunities.
James Kim - Operating Partner - Singapore: James specializes in fintech investments and provides strategic insights to portfolio companies.
Allen Lee - Operating Partner - United States: Allen brings a global perspective to the firm, focusing on cross-border investments and partnerships.
Lex Nguyen - Operating Partner - Vietnam: Lex has deep expertise in the Vietnamese market and plays a key role in sourcing deals in the region.
To pitch 1982 Ventures, founders should use the application portal available on their website at 1982 Ventures. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. The firm prefers pitches that are concise and focused on the key aspects of the startup.
Response times can vary, but founders should expect to hear back within a few weeks. While warm introductions can be beneficial, they are not strictly necessary for submission.
In May 2022, 1982 Ventures closed its first fund at $20 million, surpassing its initial target of $15 million. This oversubscribed fund reflects the growing interest in fintech and AI investments in Southeast Asia.
Since its founding, the firm has actively built its portfolio, investing in several innovative startups across the region. Notable investments include companies like Pina, an Indonesian personal finance app, and Wagely, Indonesia's first earned wage access platform.
As of April 2023, 1982 Ventures continues to explore new investment opportunities and expand its influence in the fintech and AI sectors.
What criteria does 1982 Ventures use for investments?
1982 Ventures focuses on seed-stage investments in fintech and enterprise AI sectors. The firm looks for innovative solutions that modernize financial services and enhance operational efficiency through AI.
How can founders pitch to 1982 Ventures?
Founders can pitch their startups through the firm’s website at 1982 Ventures. It is recommended to include a clear business model, market opportunity, and team background in the pitch deck.
What makes 1982 Ventures different from other investors?
The firm emphasizes a singular focus on early-stage fintech in Southeast Asia, positioning itself as one of the most active seed-stage fintech investors in the region.
What is the typical check size for investments?
1982 Ventures typically invests between $250,000 and $500,000 in its portfolio companies.
What is the geographic focus of 1982 Ventures?
The firm primarily invests in Southeast Asia, with a particular emphasis on Indonesia, Vietnam, the Philippines, and Singapore.
What kind of support do portfolio companies receive?
1982 Ventures provides strategic guidance, operational support, and access to resources that help founders scale their businesses effectively.
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