Tan Yinglan
Tan Yinglan (born 8 June 1981) is a Singaporean venture capitalist. He is the Founding Managing Partner of Insignia Ventures Partners and serves as a member of the board of directors of Carro, Ajaib, Fazz, Shipper, Flip, Super and many other technology companies. He was the first Southeast Asia hire and a venture partner[1] with Sequoia Capital until June 2017, when he left and started Insignia Ventures Partners later that year.[2]
Tan Yinglan | |||||||||||
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Born | |||||||||||
Nationality | Singaporean | ||||||||||
Alma mater | Carnegie Mellon Stanford Harvard (on leave) | ||||||||||
Known for | venture capital, | ||||||||||
Chinese name | |||||||||||
Traditional Chinese | 陳映嵐 | ||||||||||
Simplified Chinese | 陈映岚 | ||||||||||
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Education
Yinglan, born and raised in Singapore, was educated at Hwa Chong Institution until 1999, where he is currently a Board Member. He then received a government scholarship and took up a dual bachelor's degree in ECE and Economics at Carnegie Mellon University, graduating in 2003. He then attained a Masters in Management Science at Stanford University, and was concurrently awarded a Risk Analysis Certificate by Stanford Center for Professional Development. He completed executive programs at Harvard University and was awarded a certificate of completion for the World Economic Forum Young Global Leaders ‘Global Leadership and Public Policy for the 21st Century program in 2012.
Career
Yinglan started his career as a member of the Singapore Administrative Service, where he served in a variety of positions in the Prime Minister’s Office, Ministry of Trade and Industry and Ministry of Defence. In the Prime Minister's Office, he part of a team that managed a S$360 million fund for innovation and enterprise. In 2012, he then became Sequoia Capital's first hire in Southeast Asia. He sourced multiple investment opportunities for Sequoia including Tokopedia (where he served as Board of Commissioner), Appier (where he served as Board of Director), Gojek, Traveloka and Carousell.
In 2017, he left to start Insignia Ventures Partners.[3] Insignia Ventures Partners is an early to growth stage technology venture capital firm focused on Southeast Asia. Portfolio companies include GoTo (IDX: GOTO), Appier (TSE: 4180), Carro, Ajaib, Shipper, Tonik, Flip, Fazz Financial, Super, Groww, Finhay, and Aspire. The firm currently manages more than S$1billion[4] from premier institutional investors including sovereign wealth funds, foundations, university endowments and renowned family offices from Asia, Europe and North America. The firm closed its maiden fund in 2017 at US$120 million,[5] closed its second fund in 2019 at US$200 million,[6] and most recently closed its third fund in 2022 at US$516 million.[7]
Yinglan currently serves on the Singapore Government’s Pro Enterprise Panel, chaired by the Head of Civil Service, and National University of Singapore’s Innovation & Enterprise Committee, where he is also an Adjunct Associate Professor. He also serves on the Advisory Group of the World Economic Forum Young Global Leaders, International Board of stars – for Leaders of the Next Generation and the National Youth Achievement Award National Council.
Recognition
Yinglan has been named as an Eisenhower Fellow (2018), World Economic Forum Young Global Leader (2012 – 2017), a World Economic Forum Technology Pioneer Selection Committee Panel (2015-2017), Top “40 leaders under 40” by Prestige Magazine (2015), Milken Institute Young Leaders Circle (2016 -2021), one of 100 Leaders of Tomorrow by the St Gallen Symposium (2010), 100 Global Thinkers (2011) by think-tank Lo Spazio della Politica,[8] a World Cities Summit Young Leader (2014), a World Economic Forum Global Agenda Council member on Fostering Entrepreneurship (2011-2013), Board Member of Hwa Chong Institution (2013-2023) and a Kauffman Fellow (2012).
Publications
Yinglan has been an author, co-author, or editor of five books - The Way Of The VC – Top Venture Capitalists On Your Board.[9] and "Chinnovation - How Chinese Innovators are Changing the World",[10] both published by John Wiley & Sons and New Venture Creation - Entrepreneurship for the 21st Century - An Asian Perspective, published by Mcgraw-Hill, Navigating ASEANnovation,[11] published by World Scientific, and Backing the Bold[12], published by World Scientific.
His journey setting up Insignia Ventures Partners, select investments, and growing the firm have also been captured in several case studies, including a Harvard Business School case study in July 2022[13] and an INSEAD case study in November 2022.[14]
Yinglan has also made regular contributions to several media publications over the years, including articles on financial inclusion[15] and digital logistics[16] on Forbes in 2018, ride hailing companies on Nikkei Asia in 2020,[17] biographical feature on Straits Times,[18] and interviews on Southeast Asia investments on CNBC in 2023.[19]
References
- "Yinglan Tan, Insignia Ventures Partners – Backing Early-Stage Tech Startups | AsiaTechDaily - Asia's Leading Tech and Startup Media Platform". 2019-07-29. Retrieved 2023-10-11.
- "Brief: Former Sequoia partner Yinglan Tan raises $25m for debut fund". www.techinasia.com. Retrieved 2023-10-11.
- Russell, Jon (2017-09-13). "Ex-Sequoia Asia partner Yinglan Tan closes $25M fund and makes first investment". TechCrunch. Retrieved 2023-10-11.
- Staff, TechNode Global (2022-08-01). "Singapore's Insignia Ventures raises $516M for third fund". TNGlobal. Retrieved 2023-10-11.
- Sainul. "Yinglan Tan's Insignia Ventures Partners closes maiden fund at US$120M; invests in Stoqo Indonesia". e27. Retrieved 2023-10-11.
- "Insignia Ventures closes second fund at $274.1m". The Straits Times. 2019-10-17. ISSN 0585-3923. Retrieved 2023-10-11.
- "Insignia Ventures raises $516 mln, bets on Southeast Asian tech firms". Reuters. 2022-08-01. Retrieved 2023-10-11.
- Tham, Irene (15 January 2012). "Top global thinker, innovator at age 30". Straits Times. ProQuest 916085799.
- Tan, Yinglan (February 2010). The Way of the VC: Having Top Venture Capitalists on Your Board. Wiley. ISBN 978-0470824993.
- Tan, Yinglan (April 2011). Chinnovation: How Chinese Innovators are Changing the World. Wiley. ISBN 978-0-470-82796-3.
- Tan, Yinglan; Joquiño, Paulo (16 October 2020). Navigating ASEANnovation: The Reservoir Principle and Other Essays on Startups and Innovation in Southeast Asia. World Scientific. ISBN 978-9811227745.
- Joquiño, Paulo; Tan, Yinglan (2022). Backing the Bold. Singapore: World Scientific. ISBN 9789811264689.
- Lerner, Josh; Zhu, Richard (July 2022). "Yinglan Tan: Scaling a Venture Capital Firm in Southeast Asia". Harvard Business School Case Collection.
- Zeisberger, Claudia; Joquiño, Paulo; Mao, Cici; Tan, Yinglan (2 November 2022). "Investing in Vietnam's Digital Investment Revolution: Insignia Ventures' Investment in Finhay". Insead Publishing.
- Yinglan, Tan. "How Digital Disruptors Serve The Unbanked In Southeast Asia". Forbes. Retrieved 2023-10-11.
- Yinglan, Tan. "Southeast Asia's Retail Boom Fuels The Rise Of Logistics". Forbes. Retrieved 2023-10-11.
- "Grab and Gojek must show flexibility to survive". Nikkei Asia. Retrieved 2023-10-11.
- Velloor, Ravi (5 January 2020). "In Good Company: VC ace Tan Yinglan eyes next tech unicorn: His firm, Insignia, also likes to incubate a couple of firms each year". The Straits Times. ProQuest 2333286069.
- "Venture capital firm names 3 compelling early-stage segments in Southeast Asia". CNBC. Retrieved 2023-10-11.