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Southeast Asia’s Family Offices: The under-the-radar players in startups

Family offices—private wealth management entities catering to ultra-high-net-worth individuals (UHNWIs) and families—have become increasingly active in the startup and venture capital (VC) space.

Traditionally focused on wealth preservation and legacy planning, many family offices now seek higher returns and diversification by investing in early-stage companies and VC funds.

This shift is particularly evident in Southeast Asia, where rapid economic growth, digital transformation, and a thriving startup ecosystem present compelling investment opportunities. Family offices in the region often have deep-rooted business expertise, strong industry networks, and a long-term investment horizon, making them well-positioned to support entrepreneurs beyond just capital.

Unlike institutional VC firms, family offices tend to have more flexible investment mandates, allowing them to take a patient approach to funding, participate in direct investments, co-invest with VC firms, or back emerging fund managers. Their ability to move quickly and commit significant capital also makes them attractive partners for startups seeking strategic investors who bring more than just financial backing.

Southeast Asia’s startup landscape—particularly in fintech, e-commerce, healthtech, and sustainability—has drawn interest from family offices looking to invest in high-growth sectors. Many are also keen on impact investing, supporting businesses that align with their values in areas such as ESG (Environmental, Social, and Governance), climate tech, and financial inclusion.

As family offices play a more prominent role in the region’s venture ecosystem, their influence is shaping how startups are funded, scaled, and governed.

Also Read: From SoftBank to UOB: A guide to Southeast Asia’s corporate VC leaders

In this listicle, we highlight some of the most active family offices in Southeast Asia investing in startups, offering insights into their investment strategies and notable portfolio companies.

Verlinvest

Verlinvest is an international, family-backed evergreen consumer investment company. It focuses on growth-stage companies in FMCG, healthcare, and digital retail, who are restless to accelerate growth.

Headquarters: Belgium, Singapore, the United States, the United Kingdom, and India
Founding year: 1995
Overall portfolio count: 66
Notable portfolio firms: The Hosteller, Blue Tokai Coffee Roasters, Creme Castle, K1Speed, Cible Skin, Numa, Go Zero, Wakefit, BYJU’S, Lahori Zeera, Clone, KatKin, Eka Care, Pattern Brands, Revea, Kuku FM, and Pedego Electric Bike.

Octava

Octava is an investment holding company that invests in real estate, prioritising sustainable growth and strategic partnerships.

Headquarters: Singapore
Founding year: 2016
Overall portfolio count: 19
Notable portfolio firms: iAsk AI, BondbloX, Pilon, Prestige Biologics, TEAM, Fwen.io, PIF Nation, Animoca Brands, Tier One Entertainment, ACKTEC Technologies, RDC, Team Flash, BoxGreen, Rely, and TRENDSOCIO.

LionRock Capital

LionRock Capital is a private equity firm with an investment focus on the global consumer lifestyle sector, providing strategic, financial, and corporate governance support for growth-stage companies.

Headquarters: Singapore
Founding year: 2009
Overall portfolio count: 29
Notable portfolio firms: Hopscotch, Flickstree, AgniKul, HungerBox, Capillary Technologies, Canopy, Jualo, HipVan, Avagmah, RedMart, Bigbasket, and Milaap

Triputra Group

Triputra Group is an Indonesian holding company with extensive expertise in various industries, including agribusiness, manufacturing, energy, trading, and services. It is backed by 17 subsidiary holding companies and 60,000 employees.

Headquarters: Indonesia
Founding year: 1998
Overall portfolio count: 12
Notable portfolio firms: Praktis, Coldspace, Gokomodo, Aria, FishLog, Kedai Sayur, Warung Pintar, Wagely, eFishery, and Waresix.

Silverstrand Capital

Silverstrand is an impact investor focusing on biodiversity. Through impact investments and philanthropic capital, it aims to catalyse systems change for the restoration and conservation of nature and to transform existing extractive, ecologically destructive practices into regenerative ones.

Also Read: Meet the new Biodiversity Accelerator+ startups set to champion conservation and sustainability

Headquarters: Singapore
Founding year: 2018
Overall portfolio count: 18
Notable portfolio firms: Good Carbon, Planboo, Porifera, Natrx, Koltiva, Sea6 Energy, and Agros.

Junson Capital

Junson Capital is a prominent global investment management company.

Headquarters: Singapore and the US
Founding year: 2010
Overall portfolio count: 8
Notable portfolio firms: Full-Life Technologies|Home, Allotex, Corsair Phama, Worg, BridGene Biosciences, WiBotic, and MultiVu.

Kunlun Capital

A single-family office focused on multiple sectors.

Headquarters: Singapore
Founding year: 2008
Overall portfolio count: 9
Notable portfolio firms: MiQro Era, TCab Tech, Prothentic, Full-Life Technologies|Home, Shanshan, NUTSHELL, Beijing Shihui Technology, Inmagene

Blauwpark Partners

A ‘single-family office for multiple families’, with a focus on private equity, venture capital and other alternatives.

Headquarters: Singapore
Founding year: 2019
Overall portfolio count: 3
Notable portfolio firms: Gimo, Wagely, and TONIK.

Baksh Capital

A family office focused on global investments in public and private markets.

Headquarters: Singapore
Founding year: 2019
Overall portfolio count: 9
Notable portfolio firms: Growfitter, reitio, InvestaX, Fraxtor, and Float Foods.

Treis

A family-led investment group, Treïs offers investors asset management and advisory services, as well as direct investment opportunities.

Headquarters: Singapore
Founding year: 2019
Overall portfolio count: 6
Notable portfolio firms: GetGo, Sarbacane, RubberGreen, GlamCorner, and Agrinos.

Black Kite Capital

Black Kite Capital is a single-family investment office that invests across all asset classes with a particular focus on early-stage (angel, pre-seed, and seed) direct venture investments.

Headquarters: Singapore
Founding year: 2019
Overall portfolio count: 5
Notable portfolio firms: Mushroom Material, Pi-xcels, Shikho, and Bounty Media.

M&L Healthcare Investments

M&L Healthcare Investments is a wholly-owned subsidiary of the Singapore-based Kum family.

Headquarters: Singapore
Founding year: 2019
Overall portfolio count: 11
Notable portfolio firms: FastWave Medical, Corflow, HEPTA Medical, Pedra, and TISSIUM

Malacca Ventures

A family office for VC/growth-stage technology investments in Southeast Asia and India.

Headquarters: Singapore
Founding year: 2019
Overall portfolio count: 4
Notable portfolio firms: Finverv, Binocs, CUSMAT, and Early Steps Academy.

Brama One Ventures

Brama One Ventures is a family office investing across a variety of industries from Seed Stage and beyond.

Also Read: Rise of the machines: 20 robotics startups shaping Southeast Asia’s future

Headquarters: Indonesia
Founding year: 2019
Overall portfolio count: 10
Notable portfolio firms: ALVA, Borong, and Gotrade.

Amaya Ventures

A single-family office and private equity firm focused on multiple sectors

Headquarters: Singapore
Founding year: 2021
Overall portfolio count: 21
Notable portfolio firms: LXME, Everest Fleet, Bira 91, and HONO.

AJ Capital

A multi-strategy asset manager and provider of financial and investment management services

Headquarters: Singapore
Founding year: 2012
Overall portfolio count: 3
Notable portfolio firms: Jugyah, Graas, and NirogStreet.

Nuri Group

Nuri Group invests in early-stage companies within the banking, financial services, and fintech industries, focusing on the central region of Singapore.

Headquarters: Indonesia
Founding year:
Overall portfolio count: 1
Notable portfolio firms: TONIK.

Hatton Capital

Hatton Capital is a family office (SFO) focusing primarily on direct investments throughout the Asia Pacific region preferring companies in the consumer and food space.

Headquarters: Hong Kong and Thailand
Founding year: 2006
Overall portfolio count: 1
Notable portfolio firms: Vordel.

Phoenix Holdings

Phoenix Holdings is a family investment office. It applies “Built-to-Last” thinking, based on its observations that the most successful VC-PE investments are in companies built on the quality of endurance.

Headquarters: Vietnam
Founding year: 2017
Overall portfolio count: 2
Notable portfolio firms: Advance and Interloan.

Dart Family Office

Dart Family Office is a private company limited by shares. It provides management consultancy services.

Headquarters: Singapore
Founding year: 2019
Overall portfolio count: 1
Notable portfolio firms: Zero-Error Systems

Aglaia Family Office

It provides comprehensive and bespoke family office services to ultra high net-worth families, trusts foundations and investors around the world.

Headquarters: Singapore
Founding year: 2006
Overall portfolio count: 2
Notable portfolio firms: Silent Eight and Proof & Company

Sebrina Hodings

A diversified, multi-asset investment holdings company.

Headquarters: Singapore
Founding year: 1995
Overall portfolio count: 2
Notable portfolio firms: Paktor and WearYouWant.

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