Singapore, Sept. 18 -- American venture capital (VC) firm Lightspeed Venture Partners is basing its South-east Asia operations in Singapore, the company said yesterday.
Lightspeed partner Akshay Bhushan told The Straits Times that this will allow the firm to capture growth opportunities in the region and support budding enterprises here.
While Lightspeed operates in Singapore with a tight team of five, four of whom are investment professionals, the firm will evaluate its manpower needs as its investments in the region increase over the next few years.
The decision to set up its South-east Asia headquarters amid the coronavirus pandemic is partly due to the crisis, Mr Bhushan said.
"(We've seen) in the region a very strong uptake of ...