Thursday Jan 09, 2025
Thursday Jan 09, 2025
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The Crewstone Plus94 Technology Fund – a $ 75 million private equity fund – has been launched by leading investment firms Crewstone International and Plus94 Fund.
This new initiative aims to accelerate the growth of both Southeast and South Asia’s tech sectors, with a strategic focus on HealthTech, AI-driven outsourcing, AgriTech, and deep tech.
The inauguration of the Crewstone Plus94 Technology Fund marks a significant partnership between a Sri Lankan and Malaysian firm, offering investors a unique opportunity to participate in the dynamic growth of the region’s technology sectors.
With a minimum investment of $ 5 million for a fund life of eight years, investors are offered IPO, Trade Sale, and Secondary Sale as exit strategies. The fund’s investment strategy revolves around early-stage technology companies reshaping the region’s industries. By employing a bottom-up approach, the team meticulously selects businesses with the potential to deliver solid returns. Operating under the Labuan Financial Services Act, the fund offers a flexible structure that ensures tax efficiency and operational advantages for investors.
Plus94 Fund Chairman M. Rajaram said: “Asia’s technology sector is a sleeping giant. With this fund, we aim to awaken its full potential and lead it into the global spotlight.” Crewstone International CEO Izmir Bin Mujab said: “Over 1.2 billion people in South Asia are expected to join the middle class by 2030, driving unprecedented demand for technology solutions. Our fund is strategically positioned to meet this demand with targeted investments.”
The fund’s leadership comprises seasoned professionals with decades of private equity and tech investment expertise, committed to focusing on market trends, regulatory compliance, and sustainability to ensure optimal results for investors.
With the two firms’ commitment to long-term growth in deep tech, the Crewstone Plus94 Technology Fund aims to provide a stable and high-growth investment opportunity for its stakeholders – i.e. those looking to capitalise on the growth of the South Asian and Southeast Asian tech sector.
