SMBC Asia Rising Fund
Profile, fund size and portfolio
SMBC Asia Rising Fund is the corporate venture arm of Sumitomo Mitsui Financial Group, a financial services company. It was founded in 2023 and is based in Singapore, Singapore. It invests from Series A to Series B. Sectors it names: fintech.
Every figure links to its source
Snapshot
Data behind this graphic
| Measure | Value | Unit | Kind | Source |
|---|---|---|---|---|
| Headline size | USD 200M | Fund size | Stated by the firm or its parent | S3 |
| Companies backed | 16+ | companies | Stated by the firm | S9 |
| Companies on the firm's portfolio page | 16 | companies | Counted from the firm's own list | S9 |
Sources: S3 Global Venturing: SMBC launches 200m Asia-focused venture fund; S9 SMBC Asia Rising Fund portfolio page.
Where it invests and who leads it
LeadersS8
- Masahiko HommaCo-founder and Partner, Incubate FundFind on LinkedInFirm page
- Nao MurakamiFounder and General Partner, Incubate Fund AsiaFind on LinkedInFirm page
- Rajeev RankaPrincipal, Incubate FundFind on LinkedInFirm page
- Dave KwongPrincipal, Incubate FundFind on LinkedInFirm page
- Mayoran RajendraManaging Director, Head of Asia Innovation Centre, SMBCFind on LinkedInFirm page
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | Sumitomo Mitsui Financial Group | Single source | S3 |
| Parent industry | Banking and financial services | Single source | S3 |
| Founded | 2023 | Single source | S3 |
| Headquarters | Singapore, Singapore | Single source | S3 |
| Status | Active | Single source | S1 |
| Capital source | Parent company only | Single source | S3 |
| Headline size | USD 200M (Fund size) | Single source | S3 |
| Companies backed | 16+ | Single source | S9 |
| Stages | Series A, Series B (inferred from announced rounds) | Estimate | S4 |
Recent rounds
Portfolio
The firm's portfolio page lists 16 companies.S9
Every company on the SMBC Asia Rising Fund list
16 companies, as listed on the firm's own website.S9 Read the firm's list.
- Aerem
- Centricity
- DPDzero
- Drip Capital
- Easy Home Finance
- Etaily
- fileAI
- FlipSpaces
- M2P Fintech
- Modifi
- Olyv
- Paper.id
- Shivalik
- Vayana
- Whale
- WIZ.AI
Fund vehicles
| Vehicle | Size | Year | Source |
|---|---|---|---|
| SMBC Asia Rising Fund | USD 200M | 2023 | S3 |
History
- SMBC and Incubate Fund launch the USD 200 million SMBC Asia Rising Fund (announced 9 May 2023).S3
Official pages
Read the firm's own pages for current information.
- Website www.smbc-asiarising.vc
Sources
- S1SMBC Asia Rising Fund home pageFirm
- S2SMBC Asia Rising Fund closes investment in fileAIFirm
- S3Global Venturing: SMBC launches 200m Asia-focused venture fundPress
- S4SMBC Asia Rising Fund closes investment in CentricityFirm
- S5SMBC Asia Rising Fund: closes investment in WIZ.AI (Series B)Firm
- S6SMBC Asia Rising Fund: closes investment in Olyv (Series B)Firm
- S8SMBC Asia Rising Fund team pageFirm
- S9SMBC Asia Rising Fund portfolio pageFirm
- S10Incubate Fund: VCs in India episode with Nao Murakami and Rajeev RankaPress
- S11Inc42: Why Incubate Fund Is Bullish On India Consumer EconomyPress
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by SMBC Asia Rising Fund or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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