Before Sequoia, Tan was the Head (Projects), National Research Foundation, Prime Minister’s Office in Singapore. He had previously been the first Director (China) at 3i. Tan had also been the Senior Assistant Director at the Ministry of Trade and Industry (Singapore).A Kauffman Fellow, Tan has authored two books, titled The Way Of the VC: Having Top Venture Capitalists On Your Board and Chinnovation – How Chinese Innovation is going to Change the World. Tan holds a Masters Degree in Management Science & Engineering from Stanford University.
Yinglan Tan’s Insignia Ventures Partners closes maiden fund at US$120M; invests in Stoqo Indonesia
Stoqo is apparently Insignia's second investment, following its lead investment in Indonesian co-working spaces chain EV Hive in September last year
Former Sequoia venture partner Yinglan Tan's new VC fund, Insignia Ventures Partners, has made the final close of its maiden fund at US$120 million, reports DealStreetAsia, quoting two unnamed industry sources. This marks the largest ever maiden vehicle by a VC firm in Southeast Asia, behind Vickers Ventures (which recently raised US$230 million for its fifth fund), and Vertex Ventures (which last year closed its third fund at US$210 million). The latest development comes almost five months after Insignia made its first close at US$25 million in September last year. We are in touch with Tan for more details of this development, and will update this piece when we hear from him. It was e27, which broke the story of Insignia's launch in August 2017. According to the DealStreetAsia report, Insignia has also made a seed investment of about US$1 million in Stoqo Teknologi Indonesia, a SaaS marketplace for food & beverages businesses. This is apparently Insignia's second investment, following its lead investment in Indonesian co-working spaces chain EV Hive in September last year.