Data-driven venture investment platform Hatcher+ closes US$5.5M funding round, completes 100th investment
Singapore-based data-driven venture investment platform Hatcher+ today announced the completion of the 100th investment from its H2 fund and the closing of a US$5.5 million seed funding round.
Describing the funding round as oversubscribed, Hatcher+ stated that it plans to use the investment to further develop its predictive analytics engine and business process automation platform.
“Over the past year, we’ve invested in startups at a rate of three a week, which is a fairly unprecedented rate of investment. And to date, these investments have mainly been in Australia, Europe, India, and the US,” said John Sharp, Co-Founder and Partner at Hatcher+.
“Our goal now is to aggressively expand our investment activity into China, Japan, Korea, Southeast Asia and the Middle East in partnership with leading advisory firms and co-investment partners, and to expand our deal analysis footprint through tie-ups with leading service providers to the VC industry,” he continued.
Hatcher+ co-invests in early-stage startups alongside accelerators and early-stage investors such as Antler, Blue Chilli, Blue Startups, Fashion Technology Accelerator, Innova, Plug&Play, Quake Capital, Sente, Standia Ventures, and Thinqbate.
It builds a platform that includes an AI-based predictive analytics engine build from a multi-year study of over 500,000 events from the venture world. The platform also includes a business process automation platform designed to enable construction and management of large, highly-diversified venture portfolios.
“Our platform allows emerging VCs to quickly and easily access high-quality deal flow from around the world, use our advanced data analytics to build diversified portfolios, manage the portfolio and reporting, and access our network of VC investors, worldwide, for the purposes of syndication,” Sharp said.
The company said it has analysed over 10,500 business plans over the past year on behalf of dozens of accelerators and venture capital funds around the world.