New York-based private equity firm Warburg Pincus has been active in Asia, with more than 20 investments there since 2012, and now seems to be setting its sights on Southeast Asia.
Private equity investor Warburg Pincus is no stranger to investing in Asia, but its recent moves suggest it may be making good on its intentions to invest more in Southeast Asia.
In Q3’16, the New York-based private equity firm participated in a $550M Series B round to Indonesian ride-hailing unicorn GO-JEK. While Warburg Pincus has made one other investment to an Indonesia-based company (pumping $125M into public retail development company Nirvana Development in 2015), this was its first tech investment into the country.
Overall, the firm has participated in three funding rounds to tech startups in Southeast Asia since 2012, including two investments to tech companies in Singapore. The first was a $45M Series C to customer service SaaS platform Capillary Technologies in Q3’15, while the second was a $64M private equity round to in-store retail tech company Trax just this past June.
non-vc Investment in asia
In the landscape of non-VC investors in Asia, a few big names that come readily to mind. One is Japanese telecom and holding company SoftBank, whose $93B SoftBank Vision Fund has gotten substantial press in recent months.
SoftBank has participated in some of Asia’s most notable tech rounds, including two rounds to Chinese ride-hailing unicorn Didi Chuxing: a $1B second tranche of Series F funding in Q3’15 and a $5.5B Series G in Q2’17.