Paragon Ventures I is primed to capture value within the venture capital space

SINGAPORE, 19 July 2021 – Bespoke wealth manager Paragon Capital Management Singapore (“PCMS” or “the Company”), has launched Paragon Ventures I, an early-stage venture capital fund that invests in productivity and efficiency enablers from the pre-seed to series A development stages. The launch of this fund forms part of the Company’s strategy to broaden its product proposition to clients.

Paragon Ventures I is a sector agnostic fund with a skew towards deep tech, B2B SAAS and robotics. It focuses on experienced founder-entrepreneurs with strong management and leadership capabilities, as well as innovators who possess technological knowhow for breakthrough solutions that can meet the needs of a large addressable market. The investee companies should also have a clear growth strategy. The fund offers investors risk diversification and a broader asset allocation in their portfolio management strategy, while expanding PCMS’ suite of client offerings.

Paragon Ventures I is strategically positioned to capture the growing investor appetite and opportunities in the regional venture capital space, particularly in the innovation hub of Singapore. Singapore’s reputation as a hotbed for start-ups and the government’s support of research and development activities will continue to attract promising overseas companies to establish themselves here. In addition, with seed and early-stage investments contributing 32% of the total US$125 billion in global venture investments in the first-quarter of 2021 alone, and the number of Southeast Asian start-ups going public anticipated to triple to more than 300 by 2030 compared to under 100 currently, PCMS believes the fund will generate significant interest from accredited investors.

PCMS CEO and CIO, Paul Lee, said “We have identified value creation opportunities in the venture capital space, particularly in the pre-seed funding rounds. There are gems to be uncovered regardless of sectors that the start-ups serve. We look forward to leveraging our resources, expertise and connections to support entrepreneurs and help them realise their full potential in due course.”