Here's FEBE Ventures. This seed-focused venture capital firm just announced the close of their second fund at $75M! Otium Capital, a family office, is the fund's anchor partner.

• A sweet upgrade. The new fund is 2.5 times larger than their last fund and 90% has already been committed. 
• FYI. FEBE stands for ‘for entrepreneurs, by entrepreneurs'.

New partner. Along with the launch, the firm also announced a co-investment partnership with Tekton Ventures.

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🗺️ Hello, world

Launched in 2019, FEBE Ventures has already backed more than 35 companies and over 200 startups, including Locad, Zenyum, Tindle, and more!

Their first fund was focused on Southeast Asia, but they’re setting their sights on global pre-seed and seed-stage startups this time around. 

• They’re taking it global because they want new collaborations that can expand their network internationally. 

• The typical check size will be around $250K for pre-seed startups and $750K for seed-stage companies. 

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🕸️ More on Tekton Ventures

Tekton Ventures is a San Francisco-based VC firm that invests in Silicon Valley and fast-growing markets in Asia. 

• With the partnership, FEBE and Tekton Ventures will be able to share their networks in Southeast Asia, Silicon Valley, Latin America, and Europe. 
• This will also enable the two VCs to invest in emerging economies.