Hello, SEA! Meet Unifier Ventures. This VC fund just announced the first close of their fund at EUR 6.25M (~$6.7M). 

• No more being anon! They’ve been operating in stealth for the past 12 months and have invested in 7 companies. 

LP check. Their LPs include the founders of Arq Capital and the family offices behind the Bank of Makati and Seaoil Philippines.

• Yes, you read that right. The firm is backed by several Philippine-based LPs but is located in Europe! 

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🍸 Fund in focus

According to Managing Partner Miguel Encarnacion, they’re initially focusing on worktech companies because of its broad applications across industries.

They’ve invested in Bunch.ai, a platform where you can build leadership skills using an AI coach, and Butter, where you can plan, run, and recap workshops and meetings.

• The fund is open to other sectors though. And really, they’re more driven by a startup’s geographical relevance to SEA. 

Follow the money. They’re going to invest in three core markets: Europe, SEA, and the US. 

• 70% of the fund will be invested in Europe!

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🌍 Mr. Worldwide

What’s Europe got to do with SEA? Unifier Ventures wants to facilitate the transfer of ideas, talent, and capital between the two regions. 

Apart from granting $$$ to startups, Unifier also assists them with talent acquisition and expansion in the SEA market. 

• Need an example? They’ve helped their portfolio company Blockbrain build a small team of Web3 researchers in the Philippines.