Temasek investor co-founds Frontier Innovation Ventures

Frontier Innovation Ventures, a new VC firm co-founded by a former investor for Temasek and GE Ventures, is targeting $150 million for a debut fund.

The Houston-based firm filed a Reg D with the SEC disclosing its fundraising plans. It does not appear to have raised any capital yet and does not have a website.

The Reg D lists the managing members of the general partnership as Eric Bielke and Paul Sheng. Sheng declined to comment, while Bielke did not respond when asked for comment.

Bielke, who does not have a LinkedIn profile, has been a director at Temasek Holdings since April 2021, according to Crunchbase. It noted that Bielke is a seed and early-stage investor for the Singaporean state investor, which has $403 billion in assets under management.

Bielke previously served as a member of the investor advisory board for the Defense Advanced Research Projects Agency (DARPA) from 2018 to 2021, as an investment director for GE Ventures from 2014 to 2020 and as a senior associate at McKinsey & Company from 2010 to 2012, Crunchbase stated.

He also co-founded SoCore Energy, a VC-backed rooftop solar company that was acquired for an undisclosed amount in 2018 by Engie North America, according to his bio for Spock Ventures, where he is listed as an adviser.

Sheng appears to be new to VC. He served as a senior partner at McKinsey & Company for about 25 years until July 2023, according to his LinkedIn profile. This year Sheng became an angel investor at Goose Capital in Houston, Texas, and a founders adviser for The Engine, MIT’s venture fund and incubator, his profile stated.