Iterative runs a twice-yearly accelerator batch for early-stage Southeast Asian startups alongside its venture funds. The firm's homepage states: "We invest US $150K to $500K each in a batch of startups, twice a year" and that on admission it invests the full amount then works with founders on their idea for three months. Its own announcement post states: "Iterative has closed its second fund at $55M to invest in startups across Southeast Asia." That $55M is a fund size and not an assets-under-management figure, and the per-company batch cheque of $150K to $500K is a programme term that is separate from the fund total. The firm is described on its own site as Singapore-based, and its team page splits the organisation into the Iterative team, Visiting Partners who are outside founders, and Iterative Capital.