Koichi Saito, one of Japanese investors officially launched KKFund, an investment dedicated for startups in Southeast Asia which are in their seed phase, especially Indonesia, Malaysia, Thailand, and Singapore.

Prior working on KKFund, Saito was IMJ Investment Partner’s Director, a Japan-based investment company which is quite active in playing its role in Indonesia with UrbanIndo, Klik-eat, 8villages, and Bukalapak are included in its portfolio. His experience in startup industry has brought him into an opportunity of entering startups since their very seed phase, which was why he left IMJ Investments and established KKFund.

With KKFund being based in Singapore, Saito will focus on startups in seed phase, but he stated that idea isn’t the sole indicator, as he believed that ready product prototype would be the very least that startups must provide. The investment will range between $50.000 – $200.000 per startup, who are, ideally, in marketplace, fintech or O2O (online to offline) industry.