Iterative launches its second fund for Southeast Asia startups

Despite global headwinds, Southeast Asia’s early stage startups are still going strong, say the founders of Iterative Capital. The Singapore-based venture capital firm, which runs a YC-style accelerator program, announced today it has raised $55 million for its Fund II from LPs like Cendana, K5 Global, Village Global and Goodwater Capital.
Other backers include a group of founders and executives, such Dropbox co-founder Arash Ferdowsi, Bukalapak co-founder and former CEO Achmad Zaky, Andreessen Horowitz general partner Andrew Chen, former YC COO Qasar Younis, former Foursquare CEO David Shim a

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