Southeast Asia VC Funds

Genting Ventures is the corporate venture arm of Genting Group, one of Asia's largest conglomerates founded in 1965 in Malaysia by the late Tan Sri Lim Goh Tong. Launched in 2019 and based in Singapore with a presence in Malaysia, the firm invests in early and growth-stage startups with disruptive technologies that are synergistic with the group's core businesses. Three investment pillars map to Genting's core operations: Gaming and Entertainment, Leisure and Hospitality, and Agriculture, Oil and Gas, and Energy. The firm's team of five spans Singapore and Malaysia, and the fund deploys $1 million to $10 million per company at seed through Series B stages. The portfolio includes 18 companies with one unicorn, two IPOs, and one acquisition. The unicorn is Bukalapak, an Indonesian e-commerce platform that also completed an IPO on the Indonesia Stock Exchange. PlayStudios (interactive entertainment) completed a second IPO, and Sightline Payments was acquired. Other portfolio companies include Transak (a financial software and crypto on-ramp platform, latest investment August 2025), Lendela (a lending marketplace), Eratani (Indonesian agtech), WHIM (media and entertainment), and hoolah (buy-now-pay-later, exited November 2021). Recent investments reflect growing interest in fintech and Web3. Genting Ventures focuses on sectors that overlap with the parent group's global leisure, hospitality, and agricultural footprint, giving portfolio companies access to Genting's operational expertise, distribution networks, and customer relationships across Southeast Asia and beyond. Key co-investors have included SBI Ven Capital.

GMO Venture Partners is a venture capital firm under the GMO Internet Group, specializing in early to growth-stage investments with a focus on technology and fintech sectors. Established in Japan, the firm has expanded its presence globally, with significant activities in Asia and the United States. GMO Venture Partners manages several funds, including the GMO Fintech Fund 7, established in 2021 with JPY 13.3 billion ($121 million), and the GMO Global Payment Fund. The firm has invested in over 210 companies, boasting 18 IPOs and 11 unicorns in its portfolio, such as Kredivo Holdings and Coda Payments. The firm’s investment strategy includes backing innovative startups in sectors like technology infrastructure, AI, IoT, and fintech. They typically participate in Seed to Series C rounds, often co-investing with other leading venture firms. Notable public companies in their portfolio include Mercari and ChatWork, and they have had successful exits with companies like Cloud Credit and bitFlyer. The team at GMO Venture Partners includes experienced professionals such as Erik Ford, US Venture Partner, and Ryu Muramatsu, Founding Partner. The team brings over 40 years of operational and 50 years of investment experience, focusing on supporting and scaling high-potential startups.

Goat Capital, founded in 2020 by Twitch co-founder Justin Kan and serial entrepreneur Robin Chan, is a San Francisco-based venture capital firm that focuses on early-stage technology startups. Known for its founder-first approach, Goat Capital provides not just capital but hands-on mentorship, helping companies navigate the complexities of scaling and thriving in competitive markets. The firm’s expertise lies in the fintech and software industries, with notable investments in startups such as Xendit, Rocketplace, and Fractal​. Goat Capital is particularly active in leading funding rounds and guiding portfolio companies through key growth stages. They specialize in companies that disrupt traditional industries through technology, particularly in financial software and services. Since its inception, Goat Capital has made over 35 investments, signaling its rising influence in the venture capital landscape​. The firm takes a strategic approach, leveraging Justin Kan’s experience in building and scaling tech companies to support founders from the ground up. By fostering deep relationships with entrepreneurs, Goat Capital helps startups move forward faster, offering the kind of tailored support that empowers founders to turn their bold ideas into successful businesses​.

Gold House Ventures is a prominent venture capital firm that focuses on investing in early-stage, high-growth startups founded by Asian and Pacific Islander (API) entrepreneurs. Headquartered in Los Angeles, the fund is part of Gold House, a collective dedicated to empowering and advancing the API community through various initiatives, including cultural representation and socioeconomic equity. Founded in 2022 with a $30 million fund, Gold House Ventures is sector-agnostic, investing in industry-shifting startups across various sectors, such as consumer products, B2B SaaS, and Web3. The fund's portfolio includes innovative companies like AeroVect, Fly By Jing, and Osmind, reflecting their commitment to backing diverse, impactful ventures. The leadership team comprises notable figures such as Bing Chen, Eric Feng, and Megan Ruan, who bring extensive experience and a deep network to support the growth of their portfolio companies. Gold House Ventures also operates an accelerator program, Gold Rush, which provides API founders with masterclasses, mentorship, and a robust support network to accelerate their growth. Gold House's mission extends beyond investment, aiming to reshape cultural narratives and promote API excellence across various industries through initiatives like the A100 List and the Gold Gala, celebrating the achievements of API leaders​.

Golden Gate Ventures, headquartered in Singapore, is a leading Southeast Asian venture capital firm with a robust portfolio featuring standout investments like Carro, Stripe, Homage, and Gojek. Founded in 2011 by Jeffrey Paine and Vinnie Lauria, the firm has a strong focus on internet and mobile startups, particularly within e-commerce, payments, marketplaces, and SaaS platforms. They have extended their reach to include significant investments in the Middle East and North Africa with their $100 million MENA fund​​. Their investment strategy is characterized by early-stage funding, often leading rounds with an average check size typically ranging from $500,000 to $2 million. Golden Gate Ventures emphasizes long-term partnerships, providing not just capital but also strategic guidance and operational support to help startups scale. They prefer to be approached with a clear, concise pitch that demonstrates market potential and a strong founding team​​. The team includes industry veterans like Michael Lints and Justin Hall, who bring a wealth of experience from diverse sectors. With a presence in key cities like Jakarta, Ho Chi Minh City, and Doha, Golden Gate Ventures continues to bolster its global footprint while maintaining a sharp focus on Southeast Asia​​. For startups looking to connect, networking through mutual connections and participating in regional startup events can be effective. Golden Gate Ventures values resilience and clarity in vision from the founders they choose to back, reflecting their mission to support transformative technology companies across emerging markets.

Gray Ghost Ventures (GGV) is an Atlanta-based impact investing firm and Certified B Corporation founded in 2003 by Bob Pattillo, a former real estate developer whose company was the eighth-largest industrial developer in the United States before he redirected his capital toward social investment. GGV is dedicated to market-based solutions that serve entrepreneurs addressing the needs of low-income communities in emerging markets, with geographic focus on South Asia and Southern Africa. The firm manages approximately $64.4 million in AUM across two private funds and has committed over $100 million to investments since inception. Pattillo also founded Gray Matters Capital (education-focused impact investing) and co-founded Village Capital. GGV invests at Seed through Series B stages with typical cheques of $500K to $3 million across fintech, clean energy, education, health, and agricultural supply chain. The firm was among the earliest private investors in microfinance, establishing the Gray Ghost Microfinance Fund in 2003. Notable portfolio companies include bKash (mobile financial services in Bangladesh, which became a unicorn in 2021), M-Kopa (solar and fintech, Africa, invested December 2017), d.light (solar energy, invested in an $11 million Series C in February 2014), PharmaSecure (drug authentication), SourceTrace (agricultural supply chain), and Babajob (job platform in India). Kopo Kopo, a mobile payments company in Africa, was exited in August 2023. GGV pursues patient capital rather than short-cycle returns, working alongside entrepreneurs who use technology to deliver essential services to populations underserved by traditional markets. The nine-member team, with partners in both the US and India, brings deep regional networks and decades of impact investing experience to each partnership.

Grupara Ventures — now operating as Absolute Confidence (ABSCON) — is a Jakarta-based venture capital firm founded in 2011, making it one of Indonesia's earliest institutional VC firms. The firm merged into Absolute Confidence around 2020 and is led by Co-Managing Partner Aryo Ariotedjo, who also serves as Vice President of Danantara, Indonesia's sovereign fund. The firm is industry agnostic and invests at the angel and seed stages in founders with global ambitions who use technology to solve problems at scale. The total portfolio is valued at over $300 million. Typical check sizes range from $100K to $1 million. The portfolio of 13 tracked companies spans e-commerce, food, fintech, and marketplace sectors across Southeast Asia. Active portfolio companies include Wellspaces (wellness coworking), Pop Meals (food delivery in Malaysia, which received a $1.3 million seed co-led with Asia Venture Group), Andalin (logistics and customs), SIRCLO (e-commerce enabler), and Dagangan (wholesale platform). Notable exits include Kopi Kenangan (Indonesian coffee chain unicorn, 2021), Ayoconnect (fintech and API, 2022), Hypefast (brand aggregator, 2022), Warung Pintar (smart kiosk, 2022), and LummoSHOP and Dropezy (both 2021). The firm backs founders with strong cash-flow foundations and scalable, replicable business models, providing business support including mentoring, office space, and access to co-investors and potential customers. Ariotedjo's dual role at a sovereign fund and at Absolute Confidence gives the firm distinctive access to both institutional networks and corporate distribution channels across the Indonesian and broader Southeast Asian market.

GSR Ventures, founded in 2004, is a global venture capital firm with over $3.7 billion in assets under management. The firm focuses on early-stage technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology. GSR Ventures has a notable track record with investments in companies like Didi Chuxing, Ele.me (acquired by Alibaba), Qunar (NASDAQ: QUNR), and Xiaohongshu. The firm typically invests in transformative companies that have the potential to make a significant impact in their sectors. GSR Ventures operates across the United States, China, and East Asia, supporting its portfolio companies with a team of experienced founders, engineers, physicians, and enterprise executives. Their approach emphasizes deep industry expertise and active partnership with entrepreneurs. Key team members include co-founder and managing partner Richard Lim, and partner Justin Norden, who focuses on digital health investments. GSR Ventures' strategy involves making significant early-stage investments and providing ongoing support as these companies scale​​. For startups seeking investment from GSR Ventures, it is crucial to demonstrate strong potential for innovation and sector disruption. The firm values clear, compelling pitches and prefers engagements through its extensive network of industry connections.

GTR Ventures is the world's first venture-building and investment platform specializing in trade and supply chain, founded in 2017 in Singapore in exclusive partnership with Global Trade Review (GTR), the global leader in trade and trade finance intelligence, publishing, news, and events. The firm operates offices in Singapore, London, and Hong Kong and is co-founded by Rupert Sayer (CEO), Peter Gubbins (CEO of GTR), and Kelvin Tan (CIO). GTR Ventures leads rounds and draws on GTR's proprietary network of over 60,000 decision-makers in trade finance, treasury, and insurance, spanning events across more than 20 cities on five continents. The portfolio of 24 companies focuses on four investment areas: Transaction Banking (trade finance, treasury, and cash management), Trade Insurance and Risk Management, SME Finance and Supply Chain, and Physical Trade. Typical check sizes range from $500K to $3 million at Seed and Series A. Debut investments in 2018 included Tradeteq, Trade Finance Market, Culum Capital, eFundSME, and Incomlend — five trade fintechs collectively valued at approximately $50 million at the time. More recent investments include DutyCast (AI for trade compliance with tariffs and regulations, April 2025) and JuniGo (trade payments fintech serving the Africa-Asia SME corridor, early 2025). Tradeteq was exited in May 2025. GTR Ventures champions trade and trade finance as an alternative asset class that is low-risk, stable, and liquid, and actively mobilizes private capital into trade finance fintechs. Portfolio companies receive not only investment but direct access to GTR's global editorial reach, event network, and institutional relationships — an ecosystem advantage that is difficult to replicate outside the GTR partnership.

Gumi Cryptos Capital is a boutique early-stage venture capital firm based in Silicon Valley, specializing in blockchain and cryptographic assets. Founded in 2018 by Rui Zhang and Hironao Kunimitsu, the firm supports innovative builders in the crypto space by leveraging its entrepreneurial experience and global networks. gCC's investment portfolio includes notable companies like OpenSea, Agoric, Yield Guild Games, 1inch.exchange, Hashflow, and Lit Protocol. The firm focuses on the crypto native stack, investing from Layer 1 to the application layer, and also in traditional businesses supporting the blockchain ecosystem. The team at gCC is composed of experienced professionals such as Managing Partners Rui Zhang, Hironao Kunimitsu, and Miko Matsumura, along with other key members like Evans Huangfu and Evan T. Mair. They provide strategic guidance and support to their portfolio companies, helping them navigate market entry, compliance, and growth strategies.

Hatch Blue is a global venture capital firm specializing in sustainable aquaculture and alternative seafood investments. Established in 2017, the firm operates from multiple locations, including Cork, Ireland, and Kailua-Kona, Hawaii. Hatch Blue focuses on early-stage startups that are innovating in areas such as aquaculture, marine biotechnology, blue carbon, and alternative seafood. Hatch Blue supports startups through its accelerator programs, notably the Crest Accelerator, which offers a hybrid model combining virtual mentoring with on-site industry trips to locations like Norway, Singapore, and Hawaii. The firm also runs various funds, including the Hatch Accelerator Fund II, which recently secured €75 million to invest in companies developing scalable and sustainable solutions for the blue economy. The firm’s investments typically range from $75,000 in early-stage funding via SAFE notes to more significant follow-on investments, helping startups not just with capital but also strategic guidance, industry connections, and tailored innovation support. Hatch Blue's portfolio includes companies like AquaSend, GreenSage Prebiotics, and Living Seas Aquafeeds, demonstrating its commitment to fostering transformative technologies in the aquaculture sector.

HAX is a venture capital firm focused on hard tech startups, investing in areas like robotics, industrial automation, and sustainability. As part of the larger SOSV ecosystem, HAX supports early-stage founders by providing a $250,000 initial investment along with extensive engineering and prototyping resources. The firm operates out of key locations including Newark, NJ, and Shenzhen, China, offering access to fabrication tools like CNC machining and 3D printing for rapid prototyping. With over 250 startups in its portfolio, HAX has backed notable companies like Formlabs, a leader in 3D printing, and Renovate Robotics, which focuses on automating solar installations. HAX typically invests in pre-seed and seed rounds and follows up with additional funding up to $3 million as startups grow. They are especially hands-on, working closely with founders to iterate and develop market-ready products. If you're a founder working on a hard tech solution and looking for mentorship and investment, HAX's global network and resources can accelerate your startup's journey from prototype to product.

HB Ventures (Chinese: 木槿资本) is a Shenzhen-based technology-focused venture capital firm founded in 2018 by YT Tsoi. The firm is led by entrepreneurs, operators, and bankers with strong technical and financial backgrounds and affiliations with leading Chinese technology conglomerates. HB Ventures invests from Seed to Pre-IPO in companies with solid traction, bringing capital and corporate networks to accelerate their expansion. The team of 17 includes eight partners, with leadership comprising YT Tsoi as CEO and Founder, Kayla Yuen as Managing Director, Simon Zhou as Director, and Kylie Ho as Director. The firm leads rounds. HB Ventures focuses on Greater China and Southeast Asia, with openness to opportunities in the United States and Europe. Initial tickets range from $1 million to $5 million, with capacity up to RMB 50 to 100 million when partnering with strategic co-investors. Key sectors include semiconductors, AI and machine learning, Web3, advanced manufacturing, biotech, medical equipment, renewable energy, and fintech. The portfolio spans nine or more investments including ChangYi (WeChat-based enterprise SaaS for smart retail), Yizhu Technology (semiconductor CIM design), Pillar Biosciences (DNA sequencing and precision medicine), Laekna Therapeutics (cancer and liver disease therapies, which has achieved an IPO), E-Tronic (automotive semiconductor solutions using third-generation semiconductors), Leto Laboratories (directional protein refolding), MDHC (smart manufacturing for biological consumables in surgery and life sciences), and Shanghai Yilei Femtosecond Laser Technology (femtosecond laser R&D expanding into AI and humanoid robotics). HB Ventures manages multiple strategic fund partnerships — with Huafa Group for growth and pre-IPO deep tech in China and North America; with Xiamen Venture Capital Group and Goldford Group for early-to-growth emerging tech; and with Goldford Group and Web3Labs for early-stage Web3 and AI. The team and partners collectively have backed over 100 technology companies with notable capital markets and M&A outcomes.

Heritas Capital is a Singapore-based private equity and venture capital firm that focuses on high-growth sectors such as healthcare, education, and technology. Established in 1997, the firm has evolved into a key player in impact investing, driven by its philosophy of “Invest with Purpose, Impact Across Generations.” The firm manages a diverse portfolio of investments, backing companies that aim to create positive social and environmental change while delivering sustainable financial returns. Heritas Capital actively supports ventures across Asia through a multi-stage investment platform, targeting seed to growth stages. It has been involved in significant funding rounds for companies like Holmusk, Hummingbird Bioscience, and Cakap, addressing needs in areas such as digital health, biotech, and edtech. The firm also partners with organizations like SEEDS Capital to co-invest in promising startups, helping scale impact-focused innovations. Heritas Capital’s approach includes a strong commitment to improving access to healthcare and lifelong learning while leveraging technology to drive efficiencies in industries like foodtech and urban solutions. By aligning with partners who share their vision, Heritas ensures that their investments have a long-lasting, generational impact.

Hive Ventures (蜂行資本) is the first dedicated data and AI venture capital fund in Taiwan, founded in 2009 and headquartered in Taipei. The firm was established by three entrepreneurs — John Chen, Will Wang, and Yan Lee — who have each navigated the IPO path and built companies with international reach. The inaugural Taiwan AI Renaissance Fund closed at $13.5 million, with prominent investors including the National Development Fund of Taiwan, the investment arms of MITAC-SYNNEX Group and Unitech Electronics, and family offices of semiconductor businesses from Taiwan, Southeast Asia, Europe, and the US. Hive Ventures leads rounds at seed and early-stage, investing in AI, IoT, blockchain applications, and enterprise software across Greater China and Southeast Asia. The firm has made 22 investments across approximately 20 active portfolio companies. Notable investments include Krisp Technologies (AI noise cancellation), PicSee (link management platform), Botrista (beverage automation robotics), InfuseAI (machine learning platform), ProfetAI (AutoML for manufacturers), Phase (digital design software), Avesha (enterprise networking), and BrioHR (HR technology). Investments are distributed across Taiwan and the United States, with additional deals in Southeast Asia. Hive Ventures exercises a hands-on approach across a concentrated, interconnected portfolio, helping startups scale into regional and global markets. The firm serves as a bridge between the Taiwanese tech ecosystem and international investor communities, and participates as judges in initiatives such as the AI+ Taipei Startup Pitch Contest. The founders' combined operational backgrounds as IPO-track entrepreneurs give the team a practitioner's perspective on what it takes to build scalable, globally competitive businesses.

Hustle Fund is a venture capital firm that invests in pre-seed software startups across the U.S., Canada, and Southeast Asia. Founded in 2017, Hustle Fund is known for its focus on entrepreneurs who demonstrate speed, execution, and grit. The firm’s mission is to democratize wealth through startups by catalyzing capital, knowledge, and networks globally. Their portfolio includes notable companies like HoneyBook, The Pill Club, Nova Credit, and Berbix. Hustle Fund typically invests in sectors such as fintech, digital health, web3, B2B software, and more, with a preference for startups at the pre-seed and seed stages. Hustle Fund's general partners, Eric Bahn, Elizabeth Yin, and Shiyan Koh, bring extensive experience as founders and operators, providing deep insights and support to their portfolio companies. They manage investments through an active, hands-on approach, offering rapid funding decisions and valuable mentorship to help startups scale effectively. The firm is also known for its Angel Squad, a community of over 1500 angel investors who invest alongside Hustle Fund and receive education on venture investing. This initiative is part of their broader effort to create an inclusive and supportive investment environment. For startups looking to engage with Hustle Fund, demonstrating strong execution capabilities and a clear path to market fit is crucial. Founders can benefit from their extensive network and practical advice on growth strategies.

IAG Firemark Ventures is the corporate venture capital arm of Insurance Australia Group (IAG), one of the largest general insurance groups in Australia and New Zealand. Founded in October 2016 and headquartered in Sydney with offices in Surry Hills and Singapore, the fund manages $150 million across two funds of $75 million each. The team includes 13 people with 3 partners and leads rounds primarily at Series A and Series B stages, targeting insurtech and technologies that disrupt the traditional insurance value chain. The firm has made 36 investments across fintech, insurtech, big data, cybersecurity, IoT, AI and machine learning, and enterprise applications. Average Series A round size for the portfolio is $8.39 million; Series B averages $17 million. The portfolio has produced one unicorn, two IPOs (Life360, the family safety app, and Airtasker, the task marketplace), and five acquisitions including Demyst (data platform). Recent 2025 investments include NinjaTech AI (AI and machine learning), 7Analytics (geoscience and machine learning for flood and landslide risk assessment), and Near Space Labs (stratospheric balloon aerial imagery). Other portfolio companies include Armilla AI (AI governance). IAG Firemark Ventures operates within the broader Firemark Collective, IAG's innovation ecosystem, giving portfolio companies direct access to one of the Southern Hemisphere's largest insurance distribution networks. The fund invests across Australia, the US, Europe, and Asia-Pacific, providing insurtech and enterprise technology founders with a strategic partner capable of validating products through real insurance use cases and facilitating enterprise customer introductions across IAG's business units.

IDG Ventures Vietnam (IDGVV) is the first technology venture capital fund in Vietnam, established in 2004 with offices in Ho Chi Minh City, Hanoi, and Singapore. The fund manages $100 million and has invested in over 40 companies in technology, media, telecommunications, and consumer sectors. The anchor limited partner is International Data Group (IDG), the world's largest IT media company, which has had a presence in Vietnam since 1992 when it launched PC World Vietnam, the country's first computer publication. IDG Ventures is a global family of five locally managed funds spanning China, Vietnam, India, Korea, and the United States, with over $3.7 billion under management collectively. IDGVV's team includes 4 partners and 15 investment professionals with over 50 years of combined Vietnam and Southeast Asia experience. IDGVV invests from inception through growth stage, typically serving as the first institutional investor and leading or co-leading rounds with board participation. The portfolio spans consumer, technology, media, and ICT. Notable investments include VNG (formerly Vinagame, Vietnam's largest technology company valued at $300 million-plus, originally a gaming company), Tiki (one of Vietnam's leading e-commerce platforms), Topica Edtech Group (online education), KiotViet (business software), VC Corp, and Vietnamworks. The firm has achieved 39 exits, making it one of the most productive early-stage investors in Vietnam's technology ecosystem. IDGVV's founding investment in VNG — which grew from a gaming startup into Vietnam's defining internet company — established the fund's credibility as the country's premier technology venture investor. The firm's long-standing IDG media relationships, combined with deep local knowledge accumulated since 2004, give it a structural sourcing advantage in one of Southeast Asia's fastest-growing digital economies.

iGlobe Partners, founded in 1999 and headquartered in Singapore, is a prominent venture capital firm with a global investment strategy. The firm focuses on early to growth-stage investments in tech-driven sectors such as smart cities, synthetic biology, and fintech. iGlobe Partners has a strong track record of investing in transformative companies and has managed funds exceeding USD 500 million​. Their diverse portfolio includes notable companies such as Matterport, which provides AI-powered 3D data platforms to create digital twins of physical spaces, and NerdWallet, a popular personal finance company. Additionally, they have invested in C2i Genomics, a leader in cloud-based cancer diagnostics, and Twist Bioscience, which is revolutionizing DNA synthesis. iGlobe Partners' investment approach emphasizes collaboration with top-tier scientific and entrepreneurial talent to drive innovation. The firm has been instrumental in scaling game-changing companies across the U.S., Europe, and Asia, leveraging its extensive global network to support portfolio companies in expanding their market reach​. With the recent close of their USD 100 million iGlobe Platinum Fund III, the firm continues to invest in high-growth areas, particularly focusing on innovations in healthcare, logistics, and smart city technologies. This strategic focus aims to capitalize on the accelerated adoption of technology driven by the COVID-19 pandemic, promising substantial returns in the long term.

IMO Ventures is a venture capital firm focusing on early-stage investments in technology, media, telecommunications (TMT), fintech, consumer, and healthcare industries. The firm is driven by a mission to support entrepreneurship and innovation, leveraging the extensive experience of its partners who were former tech entrepreneurs and industry leaders. The team at IMO Ventures includes Hai Liu, who has a background in electronic engineering and an MBA from MIT Sloan. He has previously worked with GSR Ventures and Samsung Mobile, bringing significant expertise to the firm​. IMO Ventures invests in startups that harness the power of computing and technology to drive change. They believe in supporting entrepreneurs from the ground up, providing not only financial backing but also strategic guidance and industry connections​. Their portfolio features a diverse range of companies, showcasing their commitment to fostering innovation across multiple sectors.

Innosight Ventures is a Singapore-based early-stage venture investment firm founded in 2008, drawing on more than 20 years of applied research by innovation thought leaders including Clayton Christensen and the Innosight Consulting Team. The firm translated disruptive innovation theory into proprietary tools and work practices for screening opportunities and working alongside entrepreneurs. In Singapore, Innosight Ventures partnered with the National Research Foundation (Prime Minister's Office) to launch an SGD 10 million early-stage fund, the IDEAS Fund, targeting startups with high potential for disrupting existing markets. In 2017, Director Piyush Chaplot completed a management buyout, acquiring the firm from Innosight and renaming it Innovation Partners Capital (IPC). Chaplot had been a Partner since 2012, leading investments in several of the fund's key portfolio companies. The IDEAS Fund led rounds and invested approximately SGD 50,000 to SGD 200,000 per startup at the pre-seed stage, targeting companies that could advance to seed or Series A rounds. The fund invested in 10 startups and has achieved 5 successful exits and 2 failures. Exits include YFind, acquired by Ruckus Wireless; ActSocial, acquired by Linkfluence; TMGamer, which exited to a Singtel-SoftBank joint venture; Capital Match via secondary sale; and Chope via secondary sale in July 2024. The remaining portfolio includes Anchanto in e-commerce logistics, ReferralCandy, Luxenomad, and Versonic. Since the management buyout, IPC has broadened its offering to include wealth management, private equity, and an open innovation lab called Collaboratory, investing across Singapore, India, and the United States. Director Anandraj Jain, with more than 23 years in private banking at UBS, Barclays, and CA Indosuez, leads the wealth management division. The combined platform gives IPC a differentiated dual role as both venture investor and financial services firm across Southeast Asia.

InseadAlum Ventures (IAV) is the first global venture fund dedicated to INSEAD alumni, founded in January 2017 by Deepak Shahdadpuri (MBA '98D) and Will Klippgen (MBA '03D). The fund is registered in Singapore with an additional office in Paris, and was created after the founders observed that many INSEAD entrepreneurs struggled to raise initial funding for their startups. IAV raised SGD $1 million from 17 INSEAD alumni who also agreed to serve as mentors to selected portfolio companies. The fund invests SGD 50,000 to SGD 200,000 per startup at the pre-seed stage, with the primary requirement that at least one co-founder must be an INSEAD alumnus. IAV deploys capital globally across all sectors with no geographic restriction. Portfolio companies include Switchee, a UK-based smart thermostat IoT startup that raised a GBP 480,000 seed round and was IAV's first investment; Felcana, a pet health monitoring company funded to launch its Health Monitoring Kit; and Different Dog, a premium chilled dog food brand in the UK that received investment in February 2019. Notable limited partners and mentors include Jani Rautiainen, co-founder of PropertyGuru, Southeast Asia's largest property portal, and Aloke Bajpai, principal founder of iXiGO.com, India's largest online travel search platform. IAV provides portfolio companies with mentorship from its 17 alumni investor base alongside capital, leveraging the global INSEAD network across finance, technology, and entrepreneurship. The fund's most recent tracked investments date to 2019, reflecting limited recent public deployment activity.

Insignia Ventures Partners, founded in 2017 and based in Singapore, is an early-stage venture capital firm that focuses on technology startups in Southeast Asia. The firm has made significant strides in the region, investing in over 90 companies across various industries, including fintech, e-commerce, and digital health. Notable investments in Insignia Ventures' portfolio include Carro, a leading online platform for buying and selling cars in Southeast Asia; Ajaib, a fast-growing digital retail investment platform in Indonesia; and GoTo, a major player in the Indonesian tech ecosystem formed from the merger of Gojek and Tokopedia. Other key investments are Appier, a Taiwanese AI-driven marketing technology company, and Shipper, a logistics and supply chain platform​​. Insignia Ventures Partners is led by Yinglan Tan, a former Sequoia Capital partner, and the firm is known for its hands-on approach, providing extensive support and resources to its portfolio companies. They aim to partner with founders early in their journey and help them scale through various growth stages​.

Insitor Partners is a venture capital firm dedicated to impact investing, focusing on early-stage companies in emerging and frontier markets across Asia, including Cambodia, India, Myanmar, and Pakistan. Established in 2009 and headquartered in Singapore, Insitor Partners aims to provide life-changing solutions for low-income consumers, improving access to essential services and products. The firm manages multiple funds, including the Insitor Impact Asia Fund I and II, with investments typically ranging from €1.5 million to €3 million. Insitor invests in sectors such as healthcare, education, housing, water and sanitation, agriculture, and financial inclusion. Their portfolio includes companies that foster sustainable living, better health, and economic growth for underserved communities. Insitor's investment strategy emphasizes a disciplined approach, focusing on high-impact entrepreneurs and scalable business models that can transform industries. They provide not only financial support but also operational guidance and access to a broad network of resources. By fostering synergies and sharing best practices, Insitor ensures that their portfolio companies can achieve significant social impact while delivering responsible financial returns.

Intudo Ventures, founded in 2017 by Patrick Yip and Eddy Chan, is a pioneering venture capital firm that exclusively invests in Indonesian startups. With a concentrated portfolio approach, Intudo focuses on sectors like agriculture, B2B & enterprise, education, finance, healthcare, and logistics. The firm typically invests between $1 million and $10 million, primarily in early-stage and Series A rounds, but also participates in Series B and C rounds for its established portfolio companies. Intudo has built a reputation for backing high-potential companies such as Pintu, TaniHub, and Gredu. Their strategy leverages the expertise of returnee Indonesians who have gained experience and networks abroad, particularly from the U.S. This approach is bolstered by programs like the Pulkam S.E.A. Turtle Fellowship, which helps integrate returning talent into Indonesia's tech ecosystem. The firm’s deep local involvement allows them to maintain close relationships with their portfolio companies, providing significant support beyond just capital. Intudo ensures every investment is strategically aligned with Indonesia's regulatory environment and market dynamics, giving their companies a competitive edge. Key team members include co-founders Eddy Chan and Patrick Yip, who bring extensive experience in venture capital and entrepreneurial ventures across Silicon Valley and Asia. Intudo Ventures is headquartered in Jakarta, Indonesia, and continues to champion the growth of the local digital economy through its targeted investment strategy and hands-on approach.

InVent is the corporate venture capital arm of Intouch Holdings PLC, now part of Gulf Energy Development and the parent holding company of Advanced Info Services (AIS), Thailand's largest telecommunications company. Founded in 2012 and based in Bangkok, Thailand, InVent operates with its own decision-making, approval, and funding processes independent from the parent group. The firm deployed approximately THB 200 million (roughly $7 million) annually in technology companies across Thailand and Southeast Asia at the late-seed and expansion stages. Director Gaurav Mathur leads the investment team. InVent built a portfolio of 24 companies, predominantly in Thailand with 17 investments, plus investments in Japan and other markets, including one unicorn. The investment mandate aligned with Intouch Group's core business lines across marketplace platforms, financial services, education, digital content, IoT, cloud computing, mobile services, telecom infrastructure, and digital media. Notable portfolio companies include Conicle in educational software, Choco CRM in business software, Datafarm in network management, and EVENT POP, an event technology platform that was acquired by Zalekta in April 2024 for $1.45 million. Digio Thailand was sold at a 30% capital gain. The portfolio has achieved 3 acquisitions in total. InTouch Holdings began scaling down InVent's venture capital activities starting in 2022, exiting positions in 10 startups and gradually winding down new investment activity. The firm has not made new investments in 2026 and appears to be concluding its venture capital program. During its decade of active deployment, InVent served as a meaningful capital source for the Thai and Southeast Asian technology ecosystem, providing startups with both capital and commercial access through the AIS telecommunications infrastructure.

Investible is a prominent early-stage venture capital firm based in Sydney and Singapore, focusing on investments in Australia, New Zealand, Southeast Asia, and globally. Established to support visionary founders, Investible targets pre-seed to Series A companies across various sectors, including fintech, martech, edtech, healthtech, and climate tech. The firm operates through several funds, including the $51.6 million Early-Stage Fund 2 and the Climate Tech Fund. They also have a unique investment syndicate called Club Investible, which includes over 150 members who invest alongside the firm's funds. This model allows Investible to offer comprehensive support, including capital, expertise, and an extensive network of advisors and industry connections. Investible's portfolio includes notable companies like Quantum Brilliance and Manetta's Seafood Market, highlighting their diverse investment strategy. They emphasize a founder-friendly approach, aiming to provide ongoing support as businesses grow, with check sizes typically ranging from AU$250,000 to AU$1.5 million.

iSeed Ventures, based in San Francisco, California, is an early-stage venture capital firm focused on digital health, consumer mobile technology, and IoT. Founded by Adam Lin and Bryan Cheng, the firm invests in seed to early-stage startups, providing not only capital but also strategic guidance and support to foster growth and innovation. iSeed Ventures has a diverse portfolio of notable investments. These include 9amHealth, a virtual diabetes care clinic; Anyline, a mobile data capture and AI company; and BloomSky, which provides innovative weather IoT solutions. They have also supported Canvas Medical, a software platform for healthcare delivery, and Care Innovations, a healthcare management services provider acquired by PRA Health Sciences. The firm has successfully exited several investments, including 1DocWay, an online platform for virtual care acquired by United Healthcare, and mySugr, which was acquired by Roche. iSeed Ventures aims to leverage their extensive network and expertise to help early-stage companies achieve significant milestones and exits. With a total of 44 investments and 5 successful exits, iSeed Ventures continues to focus on high-growth potential startups in the US and globally, emphasizing their commitment to transforming healthcare and consumer technology industries.

Jungle Ventures, based in Singapore, is a prominent venture capital firm specializing in early to growth-stage investments across Southeast Asia and India. Established in 2012 by Amit Anand and Anurag Srivastava, the firm has over $1 billion in assets under management and a robust portfolio of companies. Notable investments include Kredivo, a leading digital lending platform in Southeast Asia; Livspace, a platform offering home renovation and interior design services; Moglix, a B2B e-commerce platform for industrial goods; Turtlemint, an insurance technology company facilitating financial advisory services; and Sociolla, a comprehensive beauty and personal care platform. Jungle Ventures focuses on consumer, B2B, and software tech businesses, providing significant capital and strategic support from seed to exit. Their investment strategy includes participating in various funding rounds, often leading or co-leading investments ranging from $500,000 to $20 million, and reserving follow-on capital for further growth. The firm prides itself on deep market knowledge, strong industry relationships, and a collaborative approach, aiding startups in scaling sustainably and reaching global markets.

Juvo Ventures is a mission-driven venture capital firm focused on early-stage, technology-enabled education companies. Founded to empower entrepreneurs who are transforming education, Juvo invests in businesses that improve access, quality, and outcomes across the education-to-work pipeline. The firm’s name, "Juvo," meaning "to help" in Latin, reflects its goal of supporting innovative solutions that enhance learning from early childhood to adulthood. Juvo takes a double-bottom-line approach, seeking both financial returns and meaningful social impact. Its portfolio includes companies like VictoryXR, a leader in immersive learning and "metaversities," Kenzie Academy, which prepares learners for tech careers, and SchooLinks, which helps transform school districts into talent pipelines. Juvo’s investments focus on scaling education technologies that make learning more accessible and adaptable for all. Through partnerships with these innovative companies, Juvo Ventures is actively contributing to better education outcomes, while also addressing critical issues like diversity and inclusion. Their investments align with global goals for sustainable development and offer transformative solutions for both learners and educators alike.

K3 Ventures is a Singapore-based venture capital firm founded in 2015 by Kuok Meng Xiong, grandson of tycoon Robert Kuok — the 'Sugar King of Asia' and controlling shareholder of PPB Group, connected to Wilmar International. The firm has invested in 129-plus companies, bridging technology startups and incumbent businesses to create an ecosystem of collaboration across Southeast Asia and globally. K3's 'bamboo network' provides portfolio companies with strategic access and scaling opportunities across the region. The team of 15 includes 4 partners. The portfolio is notable for its range and ambition, including global category leaders such as Airbnb, ByteDance/TikTok, Grab, SpaceX, Palantir, and Wiz (cybersecurity), alongside regional champions including Carousell (marketplace), Planet (satellite imaging), Minimax (AI), and Moonshot AI. In Web3, K3 has co-led rounds in Merkle Science ($19 million Series A, blockchain analytics) and invested in SendingNetwork ($12.5 million seed). Eleven portfolio companies have gone public, including WeRide (NASDAQ IPO October 2024, $120 million market cap) and Ohmyhome (NASDAQ). The most recent exit was BBP, acquired by Actis in July 2025. The latest investment was iEduGPT in September 2025. K3 invests across finance, education, healthcare, food and agriculture, transportation, enterprise solutions, and Web3, with checks ranging from seed to Series B stages. The firm's strength lies in its access to the Kuok family's extensive network of traditional businesses, government relationships, and institutional capital across Asia — a set of relationships that accelerates commercial traction for portfolio companies seeking to scale in Southeast Asia and beyond.

Kadan Capital is a new and active early-stage investor based in Singapore, launched in 2024. In the past 12 months, the fund has made 5 investments in Fintech, B2B SaaS, and AI from Seed to Series A, which makes the firm one of the 10 most active investors in Singapore.

Korea Biomedical Industry Development Institute (KBIC) is a pivotal entity in South Korea's life sciences and biomedical sectors. Established to stimulate innovation and economic growth, KBIC supports a wide range of activities in medical, pharmaceutical, and biological fields, focusing on advanced technologies like AI and regenerative medicine. KBIC operates through various initiatives and partnerships to foster a robust ecosystem for biomedical research and development. Key areas of focus include promoting bio-health exports, enhancing R&D capabilities, and nurturing talent within the bio-health industry. The South Korean government provides substantial funding and regulatory support to boost the global competitiveness of Korean bio-pharma companies. The institute emphasizes international collaboration, participating in global conventions and establishing partnerships with leading research institutions and biopharmaceutical companies worldwide. This approach enhances innovation and facilitates the entry of Korean companies into the global market.

Keystone Capital is an entrepreneurial holding company and private equity firm founded in 1994 by Kent Dauten and Scott Gwilliam. Based in Chicago, Illinois, Keystone has historically utilized the personal capital of its partners to acquire high-quality, market-leading businesses. In 2021, the firm closed its debut institutional fund, Keystone Capital Fund II, LP, with $420 million in capital commitments, marking a significant evolution in its strategy by including external investors. Keystone Capital focuses on long-term value creation by acquiring and growing businesses across various sectors, including engineering and technical services, tech-enabled services, commercial services and engineered products, and food and beverage manufacturing. The firm emphasizes operational and growth-oriented support for business owners and management teams, aiming for sustainable success. Keystone’s investment philosophy is built on three core values: expertise, conservative investing, and creativity. They conduct thorough preliminary tests to ensure profitability and optimal risk diversification in each transaction, maintain a controlled risk approach to provide investor confidence, and employ creative thinking to overcome barriers and execute complex deals. The firm's recent investments include partnerships with Inspire11 and ClearWater Solutions. Keystone has completed over 110 acquisitions throughout its history and continues to actively manage and grow its portfolio, recently completing ten add-on acquisitions and selling two platform investments in late 2020.

KK Fund is a venture capital firm based in Singapore, primarily investing in early-stage tech startups across Southeast Asia, South Korea, Hong Kong, and Taiwan. The fund focuses on sectors such as Blockchain, Internet of Things, EntertainmentTech, FinTech, EdTech, HRTech, Mobility, HealthcareTech, and PropTech. Notable investments in their portfolio include Med247, a health tech startup in Vietnam, and FishLog, a food and agriculture tech company in Indonesia. Additionally, they have invested in PolicyStreet, an auto tech company in Malaysia, and Giztix, a transportation and logistics tech startup in Thailand. KK Fund typically leads seed-stage rounds, providing both financial and strategic support to their portfolio companies. Their approach includes leveraging a network of co-investors and offering guidance to help startups scale effectively. The team, led by co-founder and General Partner Koichi Saito, has a diverse background in management consulting, supply chain management, and venture capital. For startups looking to engage with KK Fund, it’s beneficial to demonstrate a strong market potential and innovative technological solutions tailored to the specific needs of the Southeast Asian market.

KKR, a global investment giant established in 1976, boasts a diverse and robust portfolio. Among their notable tech investments are GoDaddy, FanDuel, and BMC Software, while in energy and healthcare, they back EP Energy, Ridge Natural Resources, BridgeBio Pharma, and Coastal Carolina Hospital. Their industry focus is broad, spanning private equity, infrastructure, real estate, and credit, with a strong emphasis on sustainability and long-term value creation. Geographically, KKR's investments stretch across the Americas, Europe, and Asia Pacific, reflecting their global reach. Their strategy emphasizes patient, disciplined investing, leveraging deep industry knowledge and a network of expert resources to drive growth in their portfolio companies. They are known for leading investment rounds and typically target companies with substantial growth potential and innovative capabilities. KKR often writes large checks, frequently exceeding $100 million, and takes an active role in guiding their investments, offering strategic advice and operational support. Companies looking to attract KKR's interest should highlight their growth potential, solid business models, and alignment with KKR’s strategic objectives. The firm’s leadership includes Henry Kravis and George Roberts, who bring decades of investment expertise and are based in New York. KKR’s team of over 750 investment professionals worldwide ensures that each investment benefits from specialized expertise and strategic insights. For startups and businesses, aligning proposals with KKR’s focus on sustainable growth and value creation is key to engaging successfully with this investment powerhouse.

KTB Ventures, now part of DAOL Financial Group following a rebranding in March 2022, was founded in 1981 as one of the first venture capital firms in Korea. The Korea and China entity operates as KTB Network (now DAOL Investment), headquartered in Seongnam, while the US entity operates as KTB Ventures (now DAOL Ventures) in Palo Alto, California. Over its 30-plus year history, more than 250 portfolio companies have IPO'd in Korea and overseas, accounting for over 10 percent of Korean IPOs — a record unmatched among domestic venture firms. The firm invests in early and growth-stage startups, primarily at Series A, B, and C stages, with investment tickets of $5 million to $10 million. KTB Network in Korea has a team of 31 with 15 partners and 54 investments, while KTB Ventures in the US has 10 team members with 6 partners and 69 tracked investments. Combined portfolio highlights include one unicorn — Toss, the Korean fintech platform, which achieved unicorn status in 2018 — 23-plus IPOs, and 33-plus acquisitions. Notable portfolio companies include Grab, 42dot, Blinkit (acquired by Zomato for $568 million in June 2022), Inphi (semiconductor, acquired by Marvell), and Com2uS (gaming). The most recent IPO was Wisenut on KRX in January 2025 at a $155 million market capitalization. Investment verticals span software, fintech, transportation, healthcare, gaming, edtech, and robotics. Under the DAOL Financial Group umbrella, the venture capital practice operates alongside private equity, asset management, investment banking, brokerage, research, and proprietary trading divisions. This integrated financial platform gives portfolio companies access to a full range of capital markets and advisory services from early growth through public listing.

Kyosei Ventures Pte Ltd is a Singapore-based investment and holdings company founded in 2010, focused on creating, seeding, and growing companies in interactive digital media marketing, digital conversion optimization, and analytics. The name Kyosei comes from a Japanese concept meaning co-existence or symbiosis, which reflects the firm's collaborative approach with portfolio companies. Managing Partners Jackie Lee and Jereme Wong lead a team of four, targeting profitable businesses with healthy cashflows run by capable managers in growing digital markets across Southeast Asia. The firm leads rounds at pre-seed and seed stages, with check sizes in the $100,000 to $500,000 range. Kyosei has made 6 investments in digital marketing, media, and consumer sectors. Portfolio companies include Noisy Crayons, a digital-creative agency providing marketing strategy, community engagement, app development, and media planning (the most recent investment, December 2024); MixRank, a customer discovery platform for sales team lead prospecting; and The French Cellar, a wine subscription service. Two exits were recorded in 2019: The French Cellar was acquired by Wala Technology, and a social media business was acquired by clickTRUE Pte Ltd. The firm is headquartered at Genting Lane, Singapore. Kyosei takes a hands-on approach to portfolio support, providing direct access to the team's resources, facilities, and technology stack. The firm's focus on digital conversion optimization and analytics reflects a practitioner's perspective — Lee and Wong bring operational backgrounds in digital marketing and financial services, giving portfolio companies access to commercial expertise alongside investment capital.

LINE Ventures was the corporate venture capital arm of Line Corporation, creator of the LINE messaging app, founded in 2014 and headquartered in Tokyo. In April 2021, following the broader merger of LINE and Yahoo Japan under Z Holdings, LINE Ventures merged with YJ Capital — Yahoo Japan's CVC — to form Z Venture Capital (ZVC). ZVC now serves as the CVC arm of LY Corporation and operates from offices in Tokyo, Seoul, and San Francisco, investing across Japan, South Korea, the United States, and Southeast Asia. The combined entity has managed approximately 185 billion yen (over $1.2 billion) in investments since 2012, with the initial LINE Ventures Global fund launched at $100 million and ZVC's 2021 fund at 30 billion yen. Under the LINE Ventures brand, the firm made 42 investments and achieved 10 exits, including 6 acquisitions. Bear Robotics was acquired by LG in January 2025, and earlier exits included Syte and iPrice. The portfolio spanned software, AI, e-commerce, fintech, gaming, healthtech, and hardware and robotics sectors. ZVC leads rounds and backs startups at seed through Series B with typical checks of $500K to $10 million. ZVC president Shinichiro Hori leads the combined organization. The firm's primary value proposition beyond capital is access to LY Corporation's massive combined user base — the LINE app and Yahoo Japan together reach hundreds of millions of users across Asia. ZVC describes this as 'Value Beyond Capital,' helping portfolio founders rapidly validate products and scale through proprietary distribution channels, making it particularly compelling for consumer-facing startups with regional ambitions.

Linear Venture, also known as Linear Capital, is a Shanghai-based early-stage venture capital firm founded in 2014 by Harry Wang — a founding employee of Facebook — and Michael Zhang, a former JD.com and Alibaba Tmall executive. The firm focuses on frontier technology applications, with core investment sectors spanning AI software and applications, AI hardware and embodied intelligence, robotics, new energy and materials, and innovative biomedicine. Linear manages over $2 billion across ten funds, with a combined portfolio valuation of approximately $30 billion and a team that has grown to 23 members with three partners. The firm leads investments from angel through Series A stages, writing checks of $1 million to $10 million per project, and has backed over 170 companies — including 6 unicorns. The most prominent exit is Horizon Robotics, which IPO'd on the Hong Kong Stock Exchange in October 2024 at a $6.69 billion market cap. Other notable exits include Baixing, which listed on the Shanghai Stock Exchange at a $1.34 billion market cap, and the acquisitions of Agile Robots and Dianping. Additional portfolio companies include Tezign, Kujiale, and Rino.ai. Linear made 8 investments in 2024 and continued into 2025 with investments in Final Round AI and Shanghai Weijian Technology. Linear invests across China, Silicon Valley, and Southeast Asia, giving its portfolio companies access to both deep Chinese tech manufacturing ecosystems and global distribution channels. The firm's dual expertise in software applications and hardware manufacturing — particularly in embodied intelligence and robotics — positions it as one of the most active Chinese early-stage technology investors bridging Asian industrial capabilities with global markets.

Locus Ventures is a seed-stage venture capital firm founded by alumni from Google, Facebook, and Y Combinator. The firm focuses on investing in early-stage startups with the potential to create significant impact in various industries. Notable companies in their portfolio include Meesho, an online reselling platform; Ironclad, a contract lifecycle management software; and GitLab, a prominent DevOps platform that went public in 2021. Locus Ventures primarily invests in startups within the U.S. and Asia, leveraging their extensive experience and network in Silicon Valley and beyond. Their investment strategy emphasizes close collaboration with founders, providing guidance on product development and market strategy. They are known for their hands-on approach, often leading seed rounds and participating actively in the growth of their portfolio companies. The firm is led by partners Eric Kwan, William Chan, Perry Tam, and Tommy Tsai, who bring diverse backgrounds in technology and entrepreneurship. Locus Ventures has a track record of successful exits, including acquisitions by major companies such as Stripe and Nestlé.

LongHash Ventures is a Singapore-based global blockchain accelerator and venture capital fund founded in 2018, with team members across China, India, and Southeast Asia. The firm specializes in bootstrapping Web3 ecosystems, investing in early-stage blockchain startups with a mission to enable a blockchain-native economy. LongHash envisions a multi-chain and modular future and raised a $100 million Fund II in August 2022, focused on web3 infrastructure and investing from pre-seed to Series A. The team of 14 includes seven partners, led by Co-Founder and Managing Partner Emma Cui, Co-Founder and General Partner Shi Khai Wei, and partner James Gong. Through the LongHashX Accelerator, the firm has supported more than 80 projects that have collectively raised close to $200 million in follow-on funding, with 5 projects valued at $1 billion to $10 billion and 9 projects valued at $100 million to $1 billion. The 29-company portfolio includes DFINITY, a unicorn building a blockchain-based decentralized application platform that has raised $164 million. Other investments include Astar Network, Zentry, Trecs, and AlchemyNFT. The most recent investment was AgentLISA in October 2025, and the portfolio has seen four exits, with Kakarot as the most recent in November 2025. Fenbushi Capital is a frequent co-investor. LongHash Ventures leads rounds and focuses on the structural infrastructure layer of the Web3 stack — protocol development, middleware, and developer tooling — rather than speculative token projects. The firm's accelerator model creates a pipeline of battle-tested companies with product traction before institutional funding, and the Singapore base provides regulatory clarity and regional access across Southeast Asian markets.

LuneX Ventures is a Singapore-based cryptocurrency and blockchain venture capital fund founded in 2018, spun out of Golden Gate Ventures as the first dedicated crypto VC fund in Southeast Asia. The fund was founded by Kenrick Drijkoningen, previously Head of Growth at Golden Gate Ventures, and is now in partnership with Play Ventures. LuneX launched with a $10 million fund and a global mandate to invest exclusively in high-growth blockchain companies and cryptocurrency assets, with capital allocated equally across token sales, existing token purchases, and equity-based investments in crypto projects. The firm invests at seed and Series A stages with typical check sizes of $1 million to $5 million. As of 2025, LuneX has invested in 36 companies across blockchain technology, fintech, AI, and security sectors. The portfolio includes two unicorns: Binance, the world's largest cryptocurrency exchange, and Bitfinex. Other notable investments include Merkle Science, a blockchain analytics platform, and Fleek, a software development platform. ARK Capture Solutions was the most recent investment as of March 2025. The fund has seen 1 IPO and 4 acquisitions, with Keyless — a biometric security company — acquired by Ping Identity in January 2026 as the most recent exit. LuneX Ventures operates with a global investment mandate while headquartered in Singapore, giving it a regulatory foundation and regional network that complement its backing from the Golden Gate Ventures ecosystem. The fund focuses on early-stage deals where blockchain infrastructure and protocol development intersect with real financial applications, while its parent Golden Gate Ventures handles later-stage growth investing across Southeast Asia.

Lyra Ventures is an early-stage venture capital firm founded in 2017 and based in Singapore, investing globally in companies that use innovative technology to reinvent the business of fashion and retail. The firm is backed by ZOZO Co., Ltd., Japan's largest fashion e-commerce platform, and TSI Holdings, one of Japan's largest fashion conglomerates. Lyra's investment focus spans the entire fashion value chain — materials innovation, new retail models, circular economy processes, brand concepts, and SaaS tools — backing founders with demonstrated product-market fit who are ready to scale. The team of 16 includes two partners, one venture partner, and one principal, with offices in Singapore, Japan, and five or more additional locations. Lyra leads rounds and has invested in 21 companies across two funds. Named portfolio companies include Balance, which closed a $56 million Series B co-led by Lyra and Salesforce Ventures; Entrupy, an AI-based luxury goods authentication platform; LePrix, a B2B wholesale marketplace for secondhand luxury goods; SuperCircle, a textile recycling company; Material Exchange, a materials sourcing platform; Threedium, a 3D product visualization tool; and Tolstoy, an interactive video commerce platform. The portfolio has seen two acquisition exits: Syte, a visual AI platform for retail, and 1Mentor. The most recent investment was illumex in June 2024. Lyra's backing by ZOZO and TSI Holdings gives portfolio companies more than capital — it provides direct access to two of Japan's largest fashion ecosystems, creating commercial pathways for companies seeking to enter the Japanese market or leverage Japanese manufacturing and logistics relationships. Entrepreneurs in Lyra's portfolio gain deep fashion industry domain knowledge and an extensive network of global fashion players through the firm's team and advisors.

M Venture Partners (MVP) is an early-stage venture capital firm founded in 2019 by M Capital Management, based in Singapore. The firm invests in exceptional founders across Southeast Asia and India, focusing on responsible investing and positive impact through B2B and B2B2C companies. MVP Fund I closed at $30.85 million, with an additional $25 million or more raised subsequently, bringing total capital deployed to portfolio companies above $55 million. The fund targets 40 early-stage startups with an average initial check size of approximately $500,000, primarily at seed and pre-Series A stages. MVP leads rounds and uses Singapore as a core launch platform for companies with regional or global aspirations. The firm is led by co-founders Mayank Parekh, whose background includes Grange Partners, McKinsey and Company, and Southern Capital Group, and Joachim Ackermann, former Managing Director of Google Asia Pacific. Senior team members include Dr. Tanuja Rajah, previously a launch manager at Entrepreneur First, and Chethana Ellepola. MVP has been highly active, with 20 investments in 2024 and 9 in the first three quarters of 2025. The portfolio of 30 companies spans software, fintech, education, and healthtech sectors across Singapore, Malaysia, India, Thailand, the Philippines, and Indonesia. Named portfolio companies include Intellend (financial software, January 2026), Clevai (educational software), Liquide (financial services), and House of Zelena. MVP evaluates companies across technology, financial services, health, and consumer sectors, seeking businesses with scalable models that address meaningful problems in emerging Asian markets. The firm's approach combines rigorous evaluation with founder-friendly terms and the partners' deep regional operating networks, giving portfolio companies both capital and practical support for navigating the complexities of cross-border growth in Southeast Asia and India.

Machine Ventures is a venture builder and startup studio founded in 2015, based in Taguig City, Philippines. Co-founded by Shahab Shabibi, who brings 15 or more years in technology startups, and Farouk Meralli, who also co-founded mClinica, the firm operates under the philosophy of High Value, Rapid Innovation, and Maximum Impact — combining economics, technology, and design to transform ideas into companies. Machine Ventures focuses on building companies from the ground up in Southeast Asia, with a particular emphasis on the future of work and on-demand services. The firm leads investments at seed stage across social commerce, on-demand platforms, and real estate services. Machine Ventures has made 5 investments across its portfolio. Named companies include MyKuya, an on-demand services platform built with a mission to create 1 million jobs in the Philippines; ChatGenie, a conversational commerce platform founded just before the COVID-19 pandemic that raised additional capital in 2021 with participation from Machine Ventures and Accelerating Asia; and Get.Place, a B2C real estate services company. The firm's most recent recorded external investment was ChatGenie in September 2021. Machine Ventures operates primarily as a venture builder, creating and incubating startups internally rather than pursuing a traditional external investment strategy — a model that explains the limited volume of publicly recorded deals. The firm is deeply embedded in the Philippine startup ecosystem and is focused on creating technology companies that address employment and economic participation at scale, particularly through digital labor marketplaces and on-demand platforms that connect underserved workers with urban service demand.

Maloekoe Ventures is a Jakarta-based early-stage venture capital firm founded in 2015 by Adrien Gheur, providing strategic capital to high-impact entrepreneurs in Indonesia and emerging Asia. Gheur brings a strong financial pedigree from prior roles at Goldman Sachs, Lehman Brothers, RMB, Concordia Advisors, and APS Asset Management. The three-person team operates the Maloekoe Ventures Fund and has explored raising a $100 million successor vehicle according to DealStreet Asia. The firm invests primarily at seed stage with checks of $1 million to $5 million across e-commerce, AI and machine learning, gaming, IoT, enterprise SaaS, fintech, education, and food and beverage sectors. The firm has made 7 investments across its portfolio. Named portfolio companies include eFishery, an aquaculture technology company that became a unicorn in 2023, making it the firm's standout return. Additional investments include aCommerce, an e-commerce logistics platform; Agate Studios, a gaming company; Gadjian, a payroll platform; Element, a biometrics company that raised a $12 million Series A alongside MDI Ventures and GDP Venture; and The Shonet, a fashion and lifestyle media company (the firm's most recent investment from March 2019). Jojonomic, an expense management platform, was acquired by Mekari on June 21, 2024 — the portfolio's most recent exit. Maloekoe Ventures has not made new public investments since The Shonet deal in early 2019, suggesting the fund is in a harvest phase focused on existing holdings or preparing its next vehicle. The eFishery unicorn outcome and the Jojonomic acquisition demonstrate the firm's ability to identify high-potential companies in Indonesia's rapidly developing digital economy at an early stage.

Mandalay Venture Partners is a Queensland-based agrifood tech venture capital firm founded in 2021, investing from farm to fork in companies driving innovation and sustainability across the agricultural value chain. The firm operates two vehicles: a Pilot Fund and Mandalay Fund I, which targeted $50 million, secured $26.74 million in commitments by February 2024, and reached final close in June 2024. Mandalay targets 20 to 30 seed to Series A investments over four years across carbon sequestration, on-farm efficiencies, supply chain automation, and future foods. Managing Partner Mark Gustowski leads a team of 11 including partners Timothy Hui, Philippe Ceulen, Saskia Urlass, and Elouise Comber. Mandalay leads rounds and has built a portfolio of 8 companies. Named investments include Cropify (AI grain grading, $2 million seed led by Mandalay with Hatcher+), Nbryo (livestock breeding technologies), Harvest B (affordable alternative proteins), Agscent (livestock diagnostics), Naturo/Haelen, FUL Foods (food ingredients), Restoke (food waste reduction), and Gaia Project Australia (the most recent investment, seed round in March 2025). Cornerstone limited partners include NRMA, Australia's largest member-owned organization; QIC, which invested through its $130 million Queensland Venture Capital Development Fund; St Baker Energy Innovation Fund; and Malaysia's Segi Fresh, a strategic LP that integrates portfolio agritech innovations into its fresh food supply chain. LaunchVic contributed $2.4 million for Mandalay's Victorian office. Mandalay is an inaugural member of ESG_VC Australia and is regulated through Mandalay Funds Management Pty Ltd, a corporate authorized representative of Zentaurus Investment Management. The firm's Queensland base and strategic LP base in both Australia and Malaysia create a distinctive regional platform for agrifood tech companies seeking to scale across the Asia-Pacific food system.

MassMutual Ventures (MMV) is a global venture capital firm that invests in a range of sectors, including enterprise software, cybersecurity, financial technology, digital health, and climate technology. Founded in 2014 and based in Boston, MMV also has offices in London and Singapore. The firm manages over $1 billion in investment capital and focuses on accelerating the growth of its portfolio companies by providing capital, connections, and strategic advice. Notable investments by MMV include Prove, a leader in digital identity solutions; Daye, a gynecological health startup; and Griffin, a developer-friendly Banking as a Service platform. The firm's portfolio spans across various stages of investment, from seed to growth stage, with typical check sizes ranging from $100,000 to $5 million. In 2022, MMV launched a $100 million Climate Technology Fund to invest in early and growth-stage companies addressing climate change. This fund aims to support 15 to 20 companies developing solutions to mitigate, measure, and manage climate change impacts, further expanding MMV's commitment to sustainable innovation​. The team at MMV includes experienced investors, former entrepreneurs, and operators, such as Doug Russell, the Managing Partner and Head of MMV, and Ryan Collins, the Managing Partner for Europe and APAC. Their deep industry expertise and extensive network help portfolio companies scale and succeed in competitive markets.

MDI Ventures is the corporate venture capital arm of Telkom Indonesia, one of Indonesia's largest state-owned telecoms with a market capitalization of approximately $17 billion. Founded in 2016 as an independent entity with its own funding processes, MDI is headquartered in Jakarta with offices in Singapore, the United States, Europe, and South Korea. CEO Donald Wihardja leads the organization. The firm operates multiple sub-funds — including Arise (early-stage) and Centauri (growth-stage, co-managed with KB Financial Group) — and has launched a $200 million fund for early-stage investing. Total AUM reached $290 million by 2019 with a $500 million long-term target. MDI leads rounds and invests across Seed through Series C and beyond, typically writing $1 million to $50 million-plus per deal. Focus sectors include fintech, healthcare, deep tech, agrifood tech, enterprise software, edutech, and consumer, with mid-2025 strategy refocused specifically on AI, cybersecurity, and enterprise software. The portfolio spans 92 companies across 12 countries, producing 6 unicorns (MPL, NIUM, Akulaku, and Loft Orbital, which achieved unicorn status in 2025), 4 IPOs (including WEBUY on NASDAQ in October 2023 at $207 million and RUN System on the IDX), and 11 acquisitions. Co-investors include Sequoia Capital, Google Ventures, Tiger Global, DST, NEA, Bain Capital, Y Combinator, Temasek, and Menlo Ventures. Recent investments include Weiwo, CYFIRMA, Whale (AI), and IDRX (blockchain). MDI's core differentiation is the operational leverage of Telkom Indonesia's nationwide telecommunications infrastructure, enterprise customer base, and government relationships. Portfolio companies gain meaningful commercial acceleration through access to Telkom's distribution network across Southeast Asia's largest digital economy, complemented by co-investment from a global blue-chip investor syndicate.