Social Enterprise Champion Elim Chew Joins SG Venture Capital Company
Prolific social entrepreneur, Elim Chew, has joined SEED Ventures (“SV”) as Venture Partner. Her involvement in the SG-based venture capital company will hone its efforts to groom seed-stage startups in Singapore and the Southeast Asia region.
Do Good, Do More
The founder of SG's iconic street-fashion brand “77th Street” and Chairman of K...
Prolific social entrepreneur, Elim Chew, has joined SEED Ventures (“SV”) as Venture Partner. Her involvement in the SG-based venture capital company will hone its efforts to groom seed-stage startups in Singapore and the Southeast Asia region.
Do Good, Do More
The founder of SG's iconic street-fashion brand “77th Street” and Chairman of Kingdom Food Group, Elim believes in betting on change-makers. Since 2003, she has launched multiple initiatives to teach them life skills, develop creativity and above all, cultivate entrepreneurial instinct. Because Entrepreneurship equates livelihood.
Naturally, the next step is to partner with a professional setup to do things in a scalable, economically viable and sustainable way.
Trust in the Team
As to why she agreed to accept Chief Executive Officer Ian Gan’s invitation to join SV, Elim boiled her decision down to two things. Firstly, the shared vision of helping Schools, Startups and Society (“Triple-S”). Secondly, the chemistry and familiarity with the SV team.
“Elim has the heart and spends time. She has attended every one of SV’s weekly pitching event 'Ask-a-VC Clinic' as VIP judge since it launched in March 2020".
“We are certain her business experience and selfless personal goal to uplift the Triple-S will bring to the next level not only growth for SV's portfolio companies, but also attractive financial returns for investors.” said Ian.
Elim also personally invested into SV to become a shareholder.
Do Good, Do More, Make Money
SV’s next fund of USD20,000,000/- is targeted at accredited and institutional investors. It is expected to launch in mid 2021 with a mandate to invest into 100 startups, especially local startups that have already received validation from Institutes of Higher Learning (IHL) such as polytechnics and universities.
The targeted fund returns are 2X within 2 to 4 years.
About Elim Chew
Elim sits in over 20 committees and has chaired and co-chaired several public service, youth and community groups including the Programming Committee for *Scape, an iconic youth community space for free expressions supported by MCYS and National Youth Council of Singapore (NYC) and Action Community for Entrepreneurship (ACE) of Ministry of Trade and Industry.
Amongst her long list of accolades, Elim is honoured as a Forbes Asia Hero of Philanthropy in 2010 and 2011. She was bestowed the prestigious Singapore Public Service Medal (PBM), also in 2011.
About SEED VenturesTM
SV is a Singapore-based venture capital company licensed by the Monetary Authority of Singapore (MAS).
It bets on the Triple-S. While it is sector-agnostic, it has a preference for service companies in the sectors of Professional Services and Edutech. It is co-general partner to VDF1, a fund that offers interest-free loans to startups in exchange for equity. #Blogs
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