How We Invest

Focused Capital.
Deep Conviction.
Long-Term by Design.

We make a small number of high-conviction investments each year, typically Series A and B, when companies are beginning to scale and early signals of success are emerging.

Our initial check size is around $3-5 million, with reserves for follow-on investments. We lead rounds, take board seats, and support founders we believe in with discipline and patience.

We don't index the market. We don't optimize for AUM.

We focus on investing well—and staying aligned through the climb.

Where We Invest

Meet The Team

Where We Invest

We are a Singapore-based fund with a primary focus on Southeast Asia —especially: Singapore, Indonesia, the Philippines, Thailand, Malaysia, and Vietnam, as well as South Korea.

‍We also invest selectively outside the region, in markets like the U.S. and India, where we’ve developed conviction through research or long-standing founder relationships.

We go deep where we know the terrain. Outside Southeast Asia, we back people we trust to know theirs.

22.3193

114.1694

15.87

100.9925

20.5937

78.9629

-0.7893

113.9213

39.8282

-98.5795

12.8797

121.774

1.3521

103.8198

4.2105

101.9758

14.0583

108.2772

35.9078

127.7669

What We Look For

We invest in teams who bring real operating clarity to complex markets.

At the stage we invest, models may still evolve—but the best founders are already showing signs of separation.

We look for:

• Localized business models shaped by market realities—not borrowed templates

• Strong founder-market fit, with domain depth and an ability to adapt

• Early proof of scale mechanics—retention, capital efficiency, or distribution

• Tailwinds with timing—where execution and momentum can compound

We’re conviction-led, not consensus-driven. Execution is the real differentiator.

Where We Focus

We invest in infrastructure and systems that move the region forward. Not just what's visible, but what's vital.

Enabling Financial Services

Reinventing how capital moves—across payments, credit, insurance, and financial access in underserved markets

Next-Gen Consumer Platforms

Serving Southeast Asia’s digital-native middle class with local-first insight and distribution

Digitizing the Enterprise

Building modern software and operating tools for SMEs and sector-specific B2B workflows

Driving Healthcare Outcomes

Improving access, affordability, and quality of care with better technology

Rewiring Supply Chains

Connecting producers, logistics, finance, and commerce across fragmented networks

Unlocking Human Potential

Creating tools for education, skilling, and workforce mobility across a region in transition

Investment Process

How We Decide

We lead our rounds—and we do the work. Our process is rigorous but founder-friendly, designed to build conviction through real engagement, not shortcuts.

Introduction

We start with an initial call from a team member. If there's interest, we raise it up internally at our internal touchpoints to get the wider team's take. That early review—internal discussion and alignment—typically takes 1 to 2 weeks.

Key activities:

Firm and founder introduction

Initial company evaluation

Thesis building

Internal alignment and prep

Diligence

With mutual interest established, we go deep on product, team, traction, financials, market structure, and competitive context. This can take anywhere from 2 to 8 weeks, depending on the complexity of the company. Once we have internal alignment, we bring the deal to Preliminary IC. If approved, we issue a term sheet.

Key activities:

Business model validation

Financial model deep dive

Product and market analyses

Team evaluation

Remaining Questions

After both sides agree on terms, we address open DD items such as site visits, reference calls, and on-ground legal and financial due diligence in preparation for Final IC, which we do in parallel with drafting long-form documents, taking another 4-8 weeks.

Key activities:

Term sheet negotiation

Legal, tax, and financial due diligence

Reference calls

Documentation and closing

Wrapping Up

In total, our full process typically runs 3 to 6 months—though we can move faster when needed. We don’t optimize for speed—we build conviction deliberately - and share our learnings along the way. After we invest, we remain engaged and actively work with founders.

Key activities:

Founder feedback

Portfolio management

Board governance setup

Customer and portfolio help

What We Believe

Our Perspectives

We invest early, stay aligned, and work to compound the partnership over time

Southeast Asia is Early

The region’s foundational companies are being built now. We back the ones laying durable rails and compounding advantages.

Infrastructure > Disruption

Picks-and-shovels win. Payments, identity, compliance, data, and developer primitives unlock entire ecosystems—and outlast hype cycles.

Execution Is the Moat

Shipping rhythm, operational discipline, and customer love create defensibility. We look for teams who turn plans into traction.

Return > Outcomes

Great outcomes don’t have to be billion-dollar ones. We invest where the return profile is strong and the path is grounded.

Investor Fit Matters

Few choices matter more than who you let onto your cap table. We stay aligned, proactive, and present—especially when it’s hard.

Local Context Wins

SEA is many markets. We pair regional perspective with on-the-ground relationships to navigate regulation, distribution, and hiring.

Our Portfolio

See Our Portfolio

Our Investments

FREQUENTLY ASKED QUESTIONS

Meet Our Team

Stage, Fit, & Processes

How long does Altara take to make an investment decision?

Our full process typically takes 3 to 6 months, depending on the depth of diligence and round dynamics. We usually give a first decision—whether we're going deeper or not—within 1 to 2 weeks of the first meeting.

Do you invest in companies you don't already know?

Yes—we're always open to cold inbounds. While many of our investments are with founders we've known for some time, we're happy to meet great teams at any stage of the journey.

What stage do you invest at?

We typically invest at Series A or B, once there's meaningful commercial traction—generally $1M+ in annual revenue. We rarely invest earlier unless there's a pre-existing relationship and a very high bar of conviction.

Partnership Style

Are you open to co-leading or syndicating rounds?

Yes. While we lead our rounds, we're happy to co-invest with trusted VC partners or invite strategic co-investors and LPs into rounds where it benefits the company.

What ownership do you target?

We typically aim for at least 10% ownership at entry.

Check Size & Structure

Do you take board seats?

We generally take a board seat when we lead. Every partner brings a different lens, but we aim to be highly engaged without being overbearing. We check in regularly between meetings and help with hiring, fundraising, GTM, and governance.

Do you help companies raise their next round?

Yes. At Series B and C, we help with round design, investor introductions, and context-setting. As companies scale, our support shifts toward governance, strategy, and providing the ingredients needed to run and grow the business.

Geography

Do you invest in Southeast Asian startups?

Yes—Southeast Asia is our primary focus. We invest in Singapore, Indonesia, the Philippines, Thailand, and Vietnam.

Do you invest outside Southeast Asia?

Yes. Around 30% of our capital is allocated to select global markets—India, Korea, the U.S., and Hong Kong—where we have long-standing founder relationships or strong internal conviction.

Investing With Discipline.

Focused Capital. Deep Conviction. Long-Term by Design.

Focused Capital.
Deep Conviction.
Long-Term by Design.