Foxmont secures initial $12-M fund

FOXMONT Capital Partners secured the initial close for its $20-million fund, which is backed by Monde Nissin Corp.’s Henry Soesanto, JG Summit Holdings, Inc.’s Brian M. Go, and Esquire Financial, Inc.’s Rajan Uttamchandani, among other undisclosed institutional investors.

In a statement on Monday, the venture capital fund said it secured the initial close of its second early-stage Venture Fund II on Nov. 1 with $12 million in committed capital. The firm said it was anticipating the subsequent closings of the $20-million fund. —