Asian-Targeted Venture Firm K2 Global Raises $183M

“K2 Global is announcing a $183 million venture capital fund targeted at early stage startups with global aspirations. The fund is closing significantly larger than the $58 million the firm initially raised. With a decentralized team and no Sand Hill Road office, K2 Global aims to bring Valley hustle to international technology investing.

In contrast to well known VC firms like Sequoia and KPCB that have historically tried to build out a presence in Asia by dedicating independent investment teams to the region, K2 is going global with a single, Cayman headquartered fund. Minal Hasan and Ozi Amanat, co-founders and general partners at K2 Global, are of the belief that US funds have struggled to build an Asian presence, in part, because of a lack of relations between investing teams.

Though K2 hasn’t drawn a ton of attention to date, the firm has managed to take stakes in Magic Leap, Twilio, Spotify, Paytm and Paktor. It’s targeting companies with an eye for going global early in their lifecycle. K2 can support entrepreneurs looking to scale in unfamiliar markets, offering founders assistance with navigating foreign regulatory hurdles. A majority of K2 limited partners are based outside the United States in places like Singapore, Hong Kong and Indonesia…..

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