Cocoon Capital

Cocoon Capital is a Singapore-based venture capital fund focusing on online, early-stage technology companies.[1] It was founded by Michael Robert Blakey and William Klippgen in 2016.[2]

Cocoon Capital Management Pte Ltd
Private
IndustryVenture capital
Founded2016
FounderMichael Robert Blakey
William Klippgen
Headquarters
Singapore
Area served
Southeast Asia
Key people
Michael Robert Blakey
William Klippgen
WebsiteOfficial website

History

In 2016, Cocoon Capital was founded[2] by Michael Robert Blakey and William Klippgen.[3]

Cocoon Capital launched its first US$7 million fund in December 2016.[2] In November 2018, it launched a new US$20 million fund targeting enterprise-tech startups in Southeast Asia.[4] In October 2017, the company appointed Martin Roll, a management consultant, as Senior Advisor.[5]

Investments

The firm invests in early-stage, private technology companies and specialises in seed stage and startup stage investments.[6] The company mainly invest in companies based in Southeast Asia with amounts ranging from US$400,000 to US$750,000.[7]

Since December 2017, the fund has been a partner with the Singapore government-linked innovation agency SGInnovate which matches up to 70% of Cocoon Capital’s investments.[8]

Cocoon Capital has invested in over 12 companies since 2016 including ticketing platform Hapz.com,[9] Filipino electronics retailer Poundit.com,[10] energy management company SensorFlow,[11][12] Vietnamese social media management platform Hiip.asia and Singapore-based web acceleration platform Dexecure.com.[13] Its portfolio is mainly within the SaaS, fintech and deep-tech verticals.[14]

Some of its other notable investments include Kargo[15] and Lendela.[16]

In February 2019, the company along with SGInnovate and Blackbird Ventures invested US$1 million in See-Mode Technologies, a Singapore-based medtech startup.[17]

Investors

Cocoon Capital's investors include Steve Diggle (Vulpes Innovative Technologies Investment Company), Martin Hauge (partner in Creandum), Playfair Capital, Jani Rautiainen (co-founder of PropertyGuru), Martin Roll (Founder & CEO of Martin Roll Company), Oliver Tonby (chairman of McKinsey's offices in Asia, excluding Greater China) and Michelle Yong (director of Aurum Investments).[4][18]

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gollark: hmm, what if `util::format_time(rev.timestamp)`?
gollark: 🐝<:bees:724389994663247974>
gollark: Why not just use an osmarks.tk collaboration space™ on my raspberry pi™?
gollark: yes.

See also

References
  1. Cocoon Capital launches in Singapore with $7m seed fund, Justin Niessner, December 8, 2016, AVCJ, retrieved April 23, 2018
  2. Cocoon Capital launches US$7M seed fund, targets SaaS, e-commerce, and fintech verticals, Yon Heong Tung, December 6, 2016, ‘’e27 / Yahoo.com’’, retrieved April 12, 2018
  3. Song, Daniel (November 22, 2018). "How founders can transition from doing everything into delegating well". Tech in Asia.
  4. Shiao, Vivien (November 27, 2018). "Venture capital firm Cocoon Capital eyes enterprise-tech startups with US$20m fund". Business Times (Singapore).
  5. A. Maulani, Anisa Menur (October 24, 2017). "Cocoon Capital appoints renowned branding consultant Martin Roll as Senior Advisor". e27.co.
  6. "Cocoon Capital website". December 14, 2017.
  7. Chia Yan Min (June 6, 2017). "Five questions for Cocoon Capital". The Straits Times.
  8. Jakobsen, Johannes (April 5, 2018). "Norsk investor åpner nytt såkornsfond i Asia" (in Norwegian). Shifter.
  9. Cheok, Jacquelyn. "SPH-backed events startup raises S$0.68m in seed funding". The Business Times. Retrieved 2018-04-26.
  10. "Filipino ecommerce site Poundit raises US$629,763 from Cocoon Capital - Reuters". Retrieved 2018-04-26.
  11. Anne Sreenivasan, Tara (February 20, 2019). "Cleantech startup SensorFlow raises US$2.7m in series A round led by Pierre Lorinet". Business Times (Singapore).
  12. "Singapore startup SensorFlow secures US$571k in seed funding to make hotels go green". Digital News Asia. 2018-04-04. Retrieved 2018-04-26.
  13. Cheok, Jacquelyn. "Singapore software startup Dexecure gets S$1m seed funding from Cocoon, Walden". The Business Times. Retrieved 2018-04-26.
  14. Fund Focus: Cocoon Capital abandons traditional VC approach as it targets B2B startups, Joji Thomas Philip, April 18, 2017, ‘’DealStreetAsia’’, retrieved April 25, 2018
  15. Akhaya, Prisca (March 21, 2019). "Burmese trucking logistics company Kargo receives over US$130K from Yoma Bank". Yahoo! News. e27.
  16. Nguyen, Quynh (September 12, 2018). "Singapore's Cocoon Capital, IMO Ventures lead seed round in loan broker Lendela". DealStreetAsia.
  17. Atifi, Nur (February 19, 2019). "Cocoon Capital leads seed round for Singapore-based medtech startup". Tech in Asia.
  18. Tandsæther-Andersen, Benedicte (November 26, 2018). "Nytt venturefond for tech i Sørøst-Asia: – Et stort potensial blant startups i regionen" (in Norwegian). Shifter.no.
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