Staff Reporter
Karachi
Patamar Capital, a Singapore-based leading Series A & B venture capital firm in South and Southeast Asia and key pillar of the early-stage ecosystem, and SEED Ventures, a leading impact investor and ecosystem development organization committed to enhancing the impact and entrepreneurial landscape of developing economies, have joined hands by signing a Partnership Agreement recently.
Backed by Patamar’s 10+ years experience investing in developing Asian markets along with SEED Venture’s investment portfolio and its performance in strengthening the enterprise and social enterprise ecosystem in Pakistan; this agreement will add momentum to the endeavours of both companies and help them identify high potential opportunities across various industry verticals. This collaboration will create opportunities for growth and development for social enterprises operating within the STEM, Financial Services, Ecommerce, Health Care, Agriculture, Career and Education sectors in Pakistan. Considering both organisations hold women empowerment as a priority area in their investments, this collaboration is a harbinger of good tidings for women-led enterprises and/or enterprises producing products and services that benefit women.
Nathan Sivagananathan, the Partner at Patamar Capital leading its South Asia strategy shared his views, “These are exciting times in Pakistan, we believe the immense talent available and the market opportunities that exist in Pakistan and rest of Asia are a platform for businesses to thrive in. We are excited to partner with SEED who have the best interest of the country and its people at heart, that will help Patamar identify the potential in the country.”
Beau Seil, Co-Founder and Partner of Patamar Capital said, “We are excited about the opportunities to support entrepreneurs building the companies of the future in Pakistan. The trends and progress in the local ecosystem are very similar to what we saw in markets such as Indonesia when we first started investing there nearly 8 years ago. We believe there is tremendous potential to assist entrepreneurs in building powerful companies in Pakistan and then expanding to other markets in Asia.”
Faraz Khan, CEO and Cofounder SEED Ventures said, “We have always wanted to create measureable impact through crafting inclusive economic opportunities across diverse industry vertical and socioeconomic sectors in Pakistan. The environment in the country at the moment is conducive to the growth and development of social enterprises in the STEM, Financial, Health, Education and agricultural sectors.”
