Tembusu Partners invests $13.4 million into cricket technology firm

Entrepreneur Mr Andy Lim, who founded private equity firm Tembusu Partners in 2006. The firm is ploughing US$10 million (S$13.4 million) into CricHQ, a cricket technology company based in New Zealand. -- PHOTO: FUNDEDHERE
Entrepreneur Mr Andy Lim, who founded private equity firm Tembusu Partners in 2006. The firm is ploughing US$10 million (S$13.4 million) into CricHQ, a cricket technology company based in New Zealand. -- PHOTO: FUNDEDHERE

SINGAPORE - Singapore private equity firm Tembusu Partners is ploughing US$10 million (S$13.4 million) into CricHQ, a cricket technology company based in New Zealand.

The funds will be used to enhance the company's cricket digital platform and grow its global operations, said the two parties in a statement on Tuesday.

CricHQ was set up in 2010, and partners with 41 of the 106 national governing bodies for cricket.

The investment in CricHQ is the second by Tembusu Growth Fund III, which has a target size of S$150 million.

"Tembusu believes that CricHQ's business model is highly scalable and has a huge opportunity to become the world's leading online repository of cricket information," Mr Andy Lim, founder and chairman of Tembusu Partners, said:

"Tembusu's investment enables CricHQ to expand significantly and achieve our growth targets," added Mr Baker. "CricHQ will benefit from Tembusu's experience and network in Asia."

tsjwoo@sph.com.sg