SeedPlus says $25 mil debut fund oversubscribed; Cisco and Fidelity to join as partners

SINGAPORE (April 25): SeedPlus, the seed stage venture fund, said its SeedPlus Fund I, with an investment target of $25 million, was oversubscribed.

This comes after SeedPlus’ debut fund received investments from Cisco Systems and Fidelity International via Cisco Investments and Eight Roads Ventures respectively.

“Cisco is involved in many global projects around the world, and we can now work closely with them to find and fund companies that can be very strategic to the solutions Cisco is providing,” says Michael Smith Jr., a partner at SeedPlus.

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