FEBE Ventures, a Vietnam-based seed-focused venture capital firm led by a team of ex-founders, is announcing the launch of its $75 million second fund, marking an expansion from its inaugural $30M Fund I.

The firm said in a statement on Tuesday that its new fund is set to target pre-seed and seed stage founders globally, with an emphasis on business to business (B2B) software, marketplaces, health, and sustainability.

It is noted that the fund has established networks in Southeast Asia, North America, Latin America, and Europe.

Acronym for “For Entrepreneurs, By Entrepreneurs,” FEBE taps into the firsthand experiences of its founders.

Its Fund I was led by Managing Partner Olivier Raussin, a former senior executive at Google and Microsoft and a serial entrepreneur with prior exits in France and Brazil.

FEBE’s first fund invested in 35 companies in 13 countries, with key investments including Silverbird, Locad, Zenyum, and Next Gen.

Meanwhile, FEBE announced that Nicolas El Baze and Aditya Pendyala will be joining FEBE as Partners.

El Baze, a seasoned entrepreneur with multiple exits, served as General Partner at Partech Ventures for 15 years, overseeing seed investments that resulted in exits to major players like IBM, Oracle, Snap, and Google.

His connections in the Asian tech ecosystem include investments in over 30 Southeast Asian companies.

Pendyala, a serial entrepreneur in the B2B enterprise sector, brings valuable knowledge and an angel investment portfolio in disruptive startups globally, notably TIER Mobility, Turtlemint, and in Asia, BetterPlace, Asia Innovation Group, and Sociolla.

His expertise spans artificial intelligence (AI)/machine learning (ML), enterprise software as a service (SaaS), internet of things (IoT), and blockchain.

As part of the Fund II launch, FEBE has also entered in a unique and exclusive partnership with Tekton Ventures, a leading Silicon Valley fund with top decile returns and a diversified portfolio boasting over ten unicorns, including Coupang (Korea), Toss (Korea), Nowports (Latin America), and Signifyd (United States).

This joint effort combines Silicon Valley’s success playbook with emerging markets expertise, said the statement.

It is noted that Otium Capital, FEBE’s anchor partner and strategic ally led by Pierre-Edouard Stérin, a successful serial entrepreneur and founder of the Smartbox Group, brings deep startup investment expertise.

Headed by Chief Executive Officer François Durvye, Otium manages over $1.4 billion asset under management (AUM) across 100 investments with a 25+ percent internal rate of return (IRR).

According to the statement, this partnership exemplifies the “entrepreneurs backing entrepreneurs” ethos, enhancing FEBE’s ability to leverage Otium’s extensive experience and networks to support startups.

“The addition of Adi, Nicolas and Jai, with their solid entrepreneurial and investment experiences, aligns perfectly with FEBE’s values and vision,” said Raussin.

“Our partnerships with Tekton Ventures and Otium Capital represent key steps in expanding our global footprint,

“These collaborations are not just strategic; they reflect our shared commitment to fostering entrepreneurship across borders,” he added.

FEBE is a seed-focused venture capital firm led by a team of ex-founders who have collectively founded more than 30 companies and backed 200 startups.

The firm partners with action-oriented entrepreneurs globally, with a particular focus on B2B marketplaces, B2B software, AI, health, and sustainability.

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