The Radical Fund secures first close for investments in climate solutions for Southeast Asia

• Will be announcing first investment this quarter
• Fund will invest USD250-800k in pre-seed, seed & pre-series A startups

The Radical Fund announced that it has secured the first close of its target US$40 million (RM182 million) fund. The Fund is investing in early-stage ventures in Southeast Asia that are scaling solutions across climate adaptation and mitigation and is backed by several high-profile regional family offices from the Philippines, Singapore, and Thailand, together with individual investors from the US and Europe.

The fund will allocate between US$250,000 (RM1.1 million) -US$800,000 (RM3.6 million) in pre-seed, seed and pre-series A founders that are either based in Southeast Asia and/or have operations and presence in the region working in adaptation and mitigation solutions to combat the causes as well as the impacts of climate change.

“Southeast Asia is one of the most adversely affected regions of the world when it comes to climate change, and yet investment is still predominantly going toward US and European ventures,” said Alina Truhina (pic), CEO and managing partner of The Radical Fund. “We invest regionally, and at the earliest stages of VC, because we need to build an ecosystem - and a pipeline - of climate-oriented companies with solutions that are appropriate and localized for the Southeast Asia markets”, she added.

The Radical Fund’s investment goes beyond traditional clean-tech and climate-tech verticals. The Fund also backs scalable ventures that may not look like traditional climate businesses and have -or may potentially have- climate impact as part of their model and ethos. This includes companies across Agriculture, Food, Circular Economy, Financial and Mobility/Logistics and other sub-sectors.

The Fund is backed by several high-profile regional family offices from the Philippines, Singapore, and Thailand, together with individual investors from the US and Europe. "We see incredible interest from Limited Partners (LPs) and have been approached by fund of funds and impact investors that want integrated financial and strategic returns," said Roo Rogers, managing partner of The Radical Fund.