![]() ![]() “We wanted to look into new ideas, to look into innovation … having an arm that could breed and mature ideas and innovation into tech startups. When he founded eatcosys and (eventually) Fidelity Funding, he saw how tech was able to connect different segments of an industry and create convergence. Starting off his career in the corporate finance, investment banking, and accounting sector, he had built businesses in various sectors from construction to F&B. ![]() Working hand in handĪs a serial entrepreneur, Tham is no stranger to failure –and the lessons that it provides to help entrepreneurs move up in life. This is why they come up with an approach that allows its portfolio companies to be part of an ecosystem of companies that work seamlessly with each other.Į27 speaks to Tham Lih Chung, Co-Founder and Chairman of eatcosys, and Managing Director of Fidelity Funding, and Bryan Chung, Executive Advisor of Fidelity Funding, to understand more about how they aim to support the startups in their growth journey. When it comes to investing in startups, Fidelity Funding is fully aware of the high failure rate among them and intends to minimise it to its best. ![]() Targetting early stage startups, the venture capital fund has made investments into companies such as food marketplace SmartBite and edutech platform Askbee. This is what eatcosys, a Malaysia-based multi-disciplinary company offering retail and fintech solutions to support businesses in their transformation journey, is trying to achieve through Fidelity Funding.įidelity Funding is a fund that aims to serve as the capital funding arm for clients or portfolio companies that leverage the services of eatcosys. It would also require different forms of support –from market access to ecosystem enablement– that is ideally built within an ecosystem. When it comes to achieving success, a single startup would need more than just funding. Volition Capital will invest in different technology sectors including Internet, software, information services and tech-enabled services.Tham Lih Chung, Co-Founder and Chairman of eatcosys These companies will generally have between $5 million and $50 million in revenue with little or no institutional investment. Volition Capital’s focus will be on high growth, founder-owned technology companies. Fidelity will not have an ownership position in Volition Capital and this spin out will not affect the venture investing of Fidelity Biosciences. companies and jointly manage six European portfolio companies with Fidelity Growth Partners Europe, the European venture investment arm of Fidelity International. Specifically, Volition Capital will continue to manage the existing portfolio of 20 U.S. Under a sub-advisory agreement, Volition Capital will continue to manage the portfolio of venture capital assets developed by the principals of Volition Capital while at Fidelity Ventures. ![]() Other senior members of the founding team include Geraldine Alias, Sean Cantwell, Don Haile, Anne Mitchell and Jill Roosevelt. Managing Partners in the new firm are Larry Cheng, Andy Flaster, Roger Hurwitz and Rob Ketterson. operations of Fidelity Ventures, a venture capital firm affiliated with Fidelity Investments. The founding team of Volition Capital previously led the U.S. Boston, MA – Volition Capital today announced its establishment as an independent growth equity firm that principally invests in high-potential, founder-owned technology companies. ![]()
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