NY-based Point72 Ventures, American billionaire Steve Cohen’s early-stage Venture Fund, has invested a US$6 million into Sprout, a payroll and human resources platform from Manila, Philippines. The Series A round of funding marks Point72’s first foray into Southeast Asia, Tech in Asia reported.
Participating investors include another New York-based venture Next Billion Ventures, Singapore’s Dymon Asia, and Endeavor Catalyst, the investment vehicle of potentially high social impact entrepreneurs organization, Endeavor. Existing investors Kickstart, Beenext, and Wavemaker Partners returned for this fresh round.
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