Venture-capital club expands to Hong Kong, plans US$250m fund with Asian investors
London Technology Club opens in the city with a focus on fast-scaling companies in AI, fintech
Bolstered by its recent expansion into Hong Kong, London Technology Club (LTC), a venture-capital firm, is raising a US$250 million fund, with Asia expected to provide a third of the capital, according to its CEO.
The company launched its Hong Kong branch, its second international office following Dubai, on Thursday.
Asia is a “natural magnet” for investors looking to diversify their assets, CEO Konstantin Sidorov told the Post in an exclusive interview.
“Hong Kong is the best place where we not only participate in Hong Kong or the mainland, but also, [the city] could be for us a centre for other Asian countries, like Thailand, Singapore and Indonesia,” he said.
The strategy of the Hong Kong branch, similar to that of Dubai, is to offer investment opportunities with a focus on fast-scaling technology companies, Sidorov said.
The firm had facilitated and managed for its members more than US$200 million in technology investments, including four funds, with a focus on growth-stage companies valued between US$100 million and US$1 billion, he said.
Its Fund V, which aims to raise US$250 million, would delve into late-stage companies in fintech, software and energy transition with an exit horizon of up to four years, he said.