TRIVE - Positive Impact Tech Fund
Investing in technology solutions to improve the Health and Wealth of people in Southeast Asia.
FUNDING TARGET
US $20,000,000
Stage
Seed
Geography
Southeast Asia
Maximum LP allocation
US $2,000,000
Key Highlights
Thesis: Seed Stage | Southeast Asia | Impact - Health and Wealth
Net Target Returns: 25% IRR and 6X MOIC
Liquidity: Target 1x by Year 6
Current Investments: 4
Overview
TRIVE is a Singapore-based seed stage venture capital firm that invests in technology startups with a focus on delivering both financial returns and impactful outcomes.
With a track record of incubating 76 companies and investing in another 20, TRIVE's GPs have extensive experience in the growth of startups at the early stages, having helped these companies raise more than USD100M in early-stage funding. TRIVE actively supports investee companies' management to drive robust growth, ensuring that good founders build impactful companies.
Launched in 2015, TRIVE's mission is to enable high-net-worth investors to allocate capital towards both outsized financial and impact outcomes. To achieve this, the TRIVE Positive Impact Tech Fund will invest 100% of its capital into equity investments of companies with a technological advantage that aim to improve the Health and Wealth of people in Southeast Asia.
By investing in TRIVE's Positive Impact Tech Fund, investors can be assured that their capital will be allocated towards companies that not only have technological advantages but also have a positive impact on society.
Team
Christopher Quek
Chris is the Founding Partner of TRIVE. He has over 20 years of entrepreneurial experience to the team. Chris started his journey launching and successfully exiting businesses in manufacturing, education and e-commerce before building a pro-bono incubator to pay it forward. Chris holds a Bachelor of commerce from University of Melbourne and is a Chartered Alternative Investment Analyst (CAIA).
Leck Ting Yan
Ting Yan is Managing Partner at TRIVE. He incubated 76 startups, led investments into key impact sectors of Education, Food and Mobility. TY advised more than 800 founders covering GTM, fundraising and strategy. Ting Yan graduated Cum Laude in Bachelor of Business Management (Finance) and Bachelor of Science (Economics) from Singapore Management University on a full scholarship as a Lee Kong Chian Scholar.
How We do Impact
IMPACT vs FINANCIAL RETURNS
We focus on issue areas where there is both an economic and social need that creates an opportunity for at-or-above-market returns.
This means that our returns are non-concessionary in nature where neither profit nor impact takes precedence over the other
PRE-INVESTING EVALUATION
We use the Impact Management Project’s Framework to determine the level of impact created by a startup.
Our goal is to have more than 50% of the portfolio be in the “Contributes to Solutions” category.
POST INVESTMENT MEASUREMENT
We leverage the IRIS+ platform by GIIN to identify an exhaustive set of metrics. Each company gets a profile built. Afterwhich, we narrow down to 3-5 operationally relevant metrics before finalising up to 3 metrics to track with the startup’s team.
Fees
Placement Fee: 5%
Management Fees: 2% p.a. (averaged over fund life)
Performance Fees: 20% on profit after distributing principal and accrued hurdle
Regulatory Notification
TRIVE Venture Capital Pte. Ltd. operates under the Venture Capital Fund Manager Regime (VCFM Regime).
Therefore, it is not subject to the conduct of business requirements and financial requirements that are applicable to a holder of a capital markets services license for fund management under the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg10) and the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licenses) Regulations (Rg13) respectively.