Southeast Asia’s venture capital landscape is dynamic. The region’s diverse markets, young population, and digital adoption make it a fertile ground for innovation and investment.
However, with the ongoing funding winter, geopolitical headwinds, and global economic challenges impacting investment deals, domestic and international investors have been cautious in their approach in 2024. As a result, the overall venture funding raised by startups in the region in the first nine months of 2024 fell 59 per cent to US$2.3 billion. The effect was felt across all investment stages (seed, early, and late stages).
Amidst all these challenges, Southeast Asian-based investors (VCs, PEs, and corporate VCs) continued to invest in startups in the region and globally.
Also Read: SEA’s startup scene sees 59% drop in funding amid economic headwinds
Below is a comprehensive list of top investors based in Southeast Asia who have invested in startups worldwide.
Spartan Group
A blockchain advisory and asset management firm founded by former Goldman Sachs alumni.
Headquarters: Singapore
The number of investments made in 2024: 28
Overall portfolio count: 156
Key focus sectors: Blockchain, high-tech, fintech, gaming, enterprise applications, consumer, energy, financial services, media & entertainment, mobile, and retail.
Key target markets: The US, Singapore, Canada, China, Germany, Australia, Estonia, Guernsey, Indonesia, Japan, Liechtenstein, South Korea, Sweden, Taiwan, Thailand, and the UK.
HashKey Capital
A venture capital firm focused on pre-seed to Series B-stage blockchain projects.
Headquarters: Singapore
The number of investments made in 2024: 26
Overall portfolio count: 73
Key focus sectors: Blockchain, high-tech, fintech, consumer, enterprise applications, gaming, mobile, business services, edutech, enterprise infrastructure, media & entertainment, and semiconductors.
Key target markets: The United States, Singapore, China, the United Kingdom, Canada, the Cayman Islands, Indonesia, and Switzerland.
DWF Labs
A VC fund investing in Web3 technology startups.
Headquarters: Singapore
The number of investments made in 2024: 25
Overall portfolio count: 58
Key focus sectors: Blockchain, high-tech, fintech, enterprise applications, enterprise infrastructure, gaming, consumer, mobile.
Key target markets: The United States, Singapore, the United Kingdom, China, Finland, Germany, India, Switzerland, Canada, France, Sweden, and Thailand.
Temasek Holdings
A PE and VC firm focused on multiple sectors.
Headquarters: Singapore
The number of investments made in 2024: 21
Overall portfolio count: 494
Key focus sectors: High-tech, environment tech, consumer, energy tech, retail, enterprise applications, fintech, food and agriculture tech, life sciences, financial services, auto tech, chemicals and materials tech, enterprise infrastructure, transportation and logistics tech, healthtech, semiconductors, auto, business services, consumer goods, media & entertainment, real estate and construction tech, aerospace, maritime and defence tech, blockchain, edutech, environment, gig economy, healthcare, industrial goods and manufacturing, and insurtech
Key target markets: The United States, India, Singapore, China, the United Kingdom, Germany, Sweden, Australia, France, Indonesia, Israel, the Netherlands, Switzerland, and Taiwan.
Also Read: Singapore startup funding dips 26% in Q3 2024 amid global economic challenges
East Ventures
A venture capital fund focused on early-stage startups.
Headquarters: Singapore and Japan.
The number of investments made in 2024: 20
Overall portfolio count: 443
Key focus sectors: Enterprise applications, high tech, consumer, fintech, financial services, retail, food and agriculture tech, healthtech, consumer goods, edutech, environment tech, food and agriculture, life sciences, auto, auto tech, blockchain, energy, environment, healthcare, real estate and construction, semiconductors, and transportation and logistics tech.
Key target markets: Indonesia, Japan, Singapore, India, Switzerland, the United Kingdom, and Vietnam.
Blockchain Founders Fund
A VC-backed startup studio focused on blockchain startups.
Headquarters: Singapore
The number of investments made in 2024: 19
Overall portfolio count: 130
Key focus sectors: Blockchain, high tech, fintech, enterprise applications, consumer, enterprise infrastructure, media & entertainment, financial services, mobile, auto, business services, gaming, insurtech, and telecom.
Key target markets: The United States, the United Kingdom, Switzerland, Singapore, Australia, Canada, France, Germany, India, the Netherlands, and the United Arab Emirates.
Wavemaker Partners
A VC firm focused on early-stage tech companies.
Headquarters: Singapore and the US
The number of investments made in 2024: 18
Overall portfolio count: 438
Key focus sectors: High tech, consumer, enterprise applications, transportation and logistics tech, fintech, food and agriculture tech, retail, auto tech, energy tech, environment tech, business services, gig economy, travel and hospitality tech, aerospace, maritime and defence tech, enterprise infrastructure, industrial goods and manufacturing, and real estate and construction tech.
Key target markets: Singapore, the Philippines, the United States, New Zealand, Vietnam, India, Indonesia, Australia, Bangladesh, Malaysia, and Pakistan.
Selini Capital
A venture capital fund investment in early-stage startups.
Headquarters: Singapore
The number of investments made in 2024: 17
Overall portfolio count: 19
Key focus sectors: Blockchain, fintech, high tech, consumer, gaming, business services, financial services, and mobile.
Key target markets: The United States, Canada, Japan, Singapore, the United Kingdom, Australia, the British Virgin Islands, the Cayman Islands, China, and Taiwan.
Vertex Ventures
A VC fund focused on multiple sectors.
Headquarters: Singapore
The number of investments made in 2024: 17
Overall portfolio count: 108
Key focus sectors: Enterprise applications, high-tech, consumer, fintech, enterprise infrastructure, retail, financial services, life sciences, auto tech, blockchain, healthtech, transportation and logistics tech, auto, consumer goods, energy tech, environment tech, food and agriculture, food and agriculture tech, gaming, gig economy, industrial goods and manufacturing, media & entertainment, real estate and construction tech, and semiconductors.
Key target markets: India, the United States, Indonesia, Israel, Singapore, Japan, Malaysia, South Korea, and Vietnam.
Also Read: Empowering change: Singapore’s female-led startup success stories
Investible
A VC firm investing in technology companies.
Headquarters: Singapore
The number of investments made in 2024: 15
Overall portfolio count: 131
Key focus sectors: Enterprise Applications, high-tech, consumer, environment tech, chemicals and materials tech, environment, fintech, aerospace, maritime and defence tech, business services, energy, energy tech, food and agriculture tech, healthtech, insurtech, media & entertainment, real estate and construction tech, retail, transportation and logistics tech, and travel and hospitality tech.
Key target markets: Australia, Singapore, and the United States.
Signum Capital
A VC fund focused on blockchain startups.
Headquarters: Singapore
The number of investments made in 2024: 14
Overall portfolio count: 180
Key focus sectors: Blockchain, high tech, fintech, enterprise applications, enterprise infrastructure, consumer, gaming, and mobile.
Key target markets: The United States, Singapore, China, Canada, South Korea, Switzerland, and the United Kingdom.
Saison Capital
A venture capital firm focused on pre-seed to Series B-stage companies.
Headquarters: Singapore
The number of investments made in 2024: 13
Overall portfolio count: 95
Key focus sectors: Fintech, enterprise applications, food and agriculture tech, retail, blockchain technology, consumer, high tech, business services, financial services, transportation and logistics tech, edutech, and gaming.
Key target markets: India, Singapore, the United States, Indonesia, Japan, Vietnam, and the Philippines.
Jungle Ventures
Jungle Ventures is a Singapore-based VC investing in regional and global technology category leaders emerging from Asia.
Headquarters: Singapore
The number of investments made in 2024: 14
Overall portfolio count: Over 50
Key focus sectors: Consumer, B2B, and software
Key target markets: India and Southeast Asia.
SEEDS Capital
A government-backed fund investing in tech startups.
Headquarters: Singapore
The number of investments made in 2024: 12
Overall portfolio count: 124
Key focus sectors: High tech, enterprise applications, transportation and logistics tech, environment tech, food and agriculture tech, consumer, energy tech, aerospace, maritime and defence tech, auto-tech, healthcare, consumer goods, fintech, financial services, food and agriculture, healthtech, industrial goods and manufacturing, life sciences, and real estate and construction tech.
Key target markets: Singapore, Canada, and New Zealand.
ABCDE
A VC fund investing in web3 startups.
Headquarters: Singapore
The number of investments made in 2024: 11
Overall portfolio count: 22
Key focus sectors: Bockchain technology, fintech, high tech, enterprise applications, consumer, business services, gaming, media & entertainment, mobile, and semiconductors.
Key target markets: Singapore, the United States, Cayman Islands, Marshall Islands, Saint Kitts And Nevis, and Switzerland.
Beenext
A venture capital fund focused on early-stage technology startups.
Headquarters: Singapore
The number of investments made in 2024: 11
Overall portfolio count: 245
Key focus sectors: Consumer, enterprise applications, fintech, high tech, food and agriculture tech, retail, environment tech, financial services, transportation and logistics tech, auto tech, auto, business services, chemicals and materials, consumer goods, energy tech, enterprise infrastructure, food and agriculture, gig economy, healthtech, media & entertainment, mining, and travel and hospitality tech.
Key target markets: India, Indonesia, Japan, Singapore, the United States, Bangladesh, and the Philippines.
Comma3 Ventures
A venture capital firm focused on multiple sectors.
Headquarters: Singapore and Taiwan
The number of investments made in 2024: 12
Overall portfolio count: 49
Key focus sectors: Blockchain technology, high tech, fintech, gaming, enterprise applications, enterprise infrastructure, and media & entertainment.
Key target markets: Singapore, the United States, China, Japan, Pakistan, Taiwan, and the United Kingdom.
Play Ventures
A venture capital firm focused on gaming startups.
Headquarters: Singapore
The number of investments made in 2024: 8
Overall portfolio count: 115
Key focus sectors: Gaming, high tech, blockchain technology
enterprise applications, mobile, consumer, fintech, healthcare, retail.
Key target markets: The United States, Finland, Israel, Singapore, Thailand, Turkey, and Vietnam.
Gobi Partners
A VC firm investing in early-stage tech startups
Headquarters: Malaysia
The number of investments made in 2024: 10
Overall portfolio count: 310
Key focus sectors: High tech, enterprise applications, retail, consumer, fintech, auto, auto tech, enterprise infrastructure, financial services, business services, chemicals and materials, energy, gaming, insurtech, and life sciences.
Key target markets: China, Malaysia, Singapore, Philippines, Thailand, Brazil, Indonesia, Pakistan, South Korea, the United Arab Emirates, and the United Kingdom.
NGC
A VC fund focused on blockchain-based startups.
Headquarters: Singapore and China
The number of investments made in 2024: 10
Overall portfolio count: 303
Key focus sectors: Blockchain technology, high tech, fintech, enterprise applications, enterprise infrastructure, gaming, consumer, media & entertainment, and telecom.
Key target markets: The United States, Singapore, the United Kingdom, Australia, Canada, France, Germany, and the Netherlands.
Tenity
An early-stage investor, accelerator and incubator focused on the future of finance.
Headquarters: Singapore and Switzerland
The number of investments made in 2024: 10
Overall portfolio count: 318
Key focus sectors: Fintech, enterprise applications, high tech, environment tech, financial services, enterprise infrastructure, blockchain technology, consumer, mobile, and real estate and construction.
Key target markets: Singapore, the United States, Switzerland, Sweden, China, India, Indonesia, Israel, the Philippines, and Spain.
Genesia Ventures
A VC firm focused on early-stage investments.
The number of investments made in 2024: 10
Overall portfolio count: 145
Key focus sectors: Enterprise applications, high tech, fintech, consumer, aerospace, maritime and defence tech, food and agriculture tech, healthtech, business services, energy, energy tech, enterprise infrastructure, environment, environment tech, financial services, gaming, insurtech, and retail.
Key target markets: Japan, Indonesia, India, Vietnam.
Also Read: AI gold rush: How OpenAI’s Singapore expansion could reshape the startup ecosystem
UOB
A VC firm backed by the United Overseas Bank.
The number of investments made in 2024: 9
Overall portfolio count: 78
Key focus sectors: Blockchain, high tech, fintech, consumer, enterprise applications, financial services, gaming, and mobile.
Key target markets: The United States, China, Indonesia, Singapore, South Korea, and the United Kingdom.
Iterative
A VC fund and accelerator focused on early-stage tech startups.
The number of investments made in 2024: 9
Overall portfolio count: 168
Key focus sectors: Enterprise applications, high tech, consumer, fintech, retail, blockchain technology, transportation and logistics tech, financial services, and real estate and construction.
Key target markets: Singapore, Bangladesh, the United States, Vietnam, Canada, and Indonesia.
AC Ventures
A VC fund investing in tech sectors.
The number of investments made in 2024: 9
Overall portfolio count: 100
Key focus sectors: Consumer, auto tech, high tech, enterprise applications, food and agriculture tech, real estate and construction tech, retail, consumer goods, environment tech, transportation and logistics tech, auto, energy, energy tech, enterprise infrastructure, environment, food and agriculture, gig economy, healthcare, media & entertainment, and travel and hospitality tech.
Key target markets: India, Indonesia, Singapore, Thailand, Bangladesh, Malaysia, and Panama.
JAFCO
A PE and VC fund focused on multiple sectors.
The number of investments made in 2024: 8
Overall portfolio count: 87
Key focus sectors: Business services, enterprise applications, high tech, aerospace maritime and defence tech, fintech, real estate and construction tech, and travel and hospitality.
Key target market: Japan.
Insignia Ventures Partners
A VC firm investing in multiple sectors.
The number of investments made in 2024: 8
Overall portfolio count: 87
Key focus sectors: Fintech, financial services, consumer, enterprise applications, high tech, food and agriculture tech, retail, auto, auto tech, blockchain technology, business services, food and agriculture, healthcare, and real estate and construction tech.
Key target markets: Indonesia, Singapore, Japan, Malaysia, the Philippines, and Thailand.
Singtel Innov8
A venture capital fund backed by Singtel.
The number of investments made in 2024: 7
Overall portfolio count: 106
Key focus sectors: High tech, enterprise applications, enterprise infrastructure, blockchain technology, retail, aerospace maritime and defence tech, auto, auto tech, business services, consumer, fintech, financial services, and healthtech.
Key target markets: The United States, China, Singapore, Australia, Germany, Israel, and Switzerland.
K300 Ventures
A venture capital firm focused on the blockchain sector.
The number of investments made in 2024: 7
Overall portfolio count: 26
Key focus sectors: Blockchain, fintech, high tech, gaming, business services, consumer, and enterprise applications.
Key target markets: Singapore, Vietnam, New Zealand, and Sweden.
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