Venture capital firm Patamar Capital was previously known as Unitus Impact

Patamar Capital, a San Francisco-based venture capital firm, refreshed itself by rebranding from its previously known identity Unitus Impact. The name was chosen to support the company’s commitment in supporting startup growth in Asia, particularly Southeast Asia.

“We strongly believe in the potential of Indonesian and Southeast Asian market, particularly with our ofcus on emerging middle class segment. The segment still needs products and services that are designed to fulfill their needs, in the context that might be different with the upper or middle class. We believe that technology will be one of the important factors to access it,” Patamar Capital Partner Dondi Hanato told DailySocial.

Hananto continued with the fact that most of Indonesian citizens are connected to mobile technology without ever experiencing the landline telephone technology. He believed in the possibility of a “technological leap” which may positively impact the provision of financial services without the need for bank accounts, access to education access outside of the formal school system, healthcare services without having the need to meet the doctors, and many more.

“These are the issues that are very specific to the majority of Souhtheast Asian market and cannot be solved by simply bringing a solution from developed nations,” Hananto said.

Also Read: Lifesaving lessons from Reblood CEO: How social businesses balance between impact and sustainability

Investment plan

Related to Patamar Capital’s upcoming investment plan in Indonesia, Hananto stated that the firm has no special target on the number of funds or startups to invest. He only said that the firm will invest only when they are certain that a company has a great potential and is run by a team with great execution skills.

“We will not invest only to catch up with quota. In terms of sectors, we have always been interested in agriculture business, education, healthcare, finance, and other sectors that can give a positive impact while also having a business potential and ability to turn profits). Our investment also do not need to have a tech element in it, though we are certain that there is more potential in using it,” he explained.

As for the ceriteria for the startups that they are looking to invest in, these startups need to have potential for business potential and scalability. The goal is to prove that investing in social business can also have significant market rate returns.

The firm also usually invests in Series A funding round with the range of US$1-2 million per company. For such number of investment in Southeast Asia, usually Patamar is looking for a company that is able to prove product-market fit and revenue generation.

“We also believe in co-investing as we believe that each investor can bring in their own benefit that goes beyond money,” Hananto closed.

For the past six years since its inception, Patamar Capital had invested US$45 million for 15 startups in six countries, such as India, Indonesia, Vietnam, and the Philippines. Some of the Indonesian startups in its portfolio are Ruma, Big Tree Farms, and Vasham.

The latest investment that it has given was a US$3.6 million Series A investment for mClinica, a Singapore-based healthcare startup.

—

The article Patamar Capital Bidik Investasi Startup Berunsur Sosial di Asia Tenggara was written Marsya Nabila and first appeared in DailySocial. English translation and editing by e27.

The post Patamar Capital looks for startups with social mission in Southeast Asia appeared first on e27.

Source: e27