Singapore VC partnership could open doors for deep-tech startups

TRIREC partner Michael Lim, left, and Pacific Channel investment manager Ashwath Sundaresan. (Image: Pacific Channel)

Thu, 18 May 2023

Deep-tech venture capital fund Pacific Channel has inked a partnership deal with a Singaporean fund it says will help local startups expand beyond NZ.The company signed a memorandum of understanding (MOU) with TRIREC in Auckland on May 17.Pacific Channel investment manager Ashwath Sundaresan said TRIREC is a US$100 million Singapore-based venture capital (VC) fund that invests in companies involved in decarbonisation efforts. NZ's investment community isn't big enough to support a local VC fund with that narrow a focus.Pacific Chan...

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