Ruvento Seed II fund launched its second fund in Q1 2016

SINGAPORE, July 1, 2016 — Ruvento Seed II fund launched in Q1 2016 the close of its second fund. New Hardware and IoT start-ups from USA, China, and Singapore are the top priority for investment in 2016. The new fund caters to pre-seed and seed stages of the business, with investment ranging between $50,000 and $500,000 US Dollars respectively. Ruvento is a partner of TNB Singapore allowing dollar-to-dollar investment up 2M SG Dollars per project. 

To date USA portfolio includes PrenavMegabotsNuelleEightNaked LabsBoom AeroToymailVantage Robotics and CleverPet.

The previous fund’s notable success is attributed to Lovebyte, a Singapore-based mobile app for couples.

The new fund is the successor of the previous one, whose achievements include start-ups such as TouchjetCreopopPowerdot, amongst others collectively raised $2 mln US Dollars on crowdfunding platform that culminated to successful shipping of their products to Best Buy, Amazon and other retail outlets globally.

“Software start-up arena is increasingly becoming saturated, which is leading to tedious identification of growth sectors and potential leaders within the industry,” said Slava Solonitsyn, Managing Partner of Ruvento. “Internet of things has given a much needed boost to the hardware sector, which has steadily gained pace since the last three years, whilst the number of hardware start-ups remain scarce, this is in contrast to the software sector, where they are numerous. This has had a knock on effect, on determining the right start-up and pick future leaders.”

Ruvento fund managers are experienced in identifying high growth segments which include but not limited to robotics, Augmented and Virtual Reality, smart home and vehicles, wearables, 3D printing and retrospectively seek to investment within the same.

Slava explained “We have a clear vision and focus on high-growth consumer hardware sectors showing higher than average CAGR over 20%”

The core team consists of Alex Toh, Slava Solonitsyn and other venture partners with proven experience within the stated sectors.

SOURCE
www.ruvento.com

RELATED LINKS
Crunchbase: https://www.crunchbase.com/organization/ruvento

AngelList: https://angel.co/ruvento