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Orvel

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Researched and published by the startup.ph editorial team from public sources — not a self-submitted profile.

Orvel Ventures

VC Fund 📍 Singapore, Asia

About Orvel

Orvel Ventures is an early-stage venture capital firm focused on identifying high-potential companies in what it describes as the challenging and opaque Southeast Asian market. The firm was co-founded by Milan Reinartz, Mohan Belani, Cheng Wei Ng, and Jeremy Au, and its portfolio and activity are concentrated across Singapore, Indonesia, Malaysia, and Thailand. An exact founding year, headquarters address, and fund size were not disclosed in the firm's own materials reviewed for this profile.

Orvel says its portfolio has produced 14 mark-ups and follow-on rounds, and that its backed companies were EBITDA-positive at the time of investment — an unusually explicit profitability claim for an early-stage regional fund. The firm has also disclosed a realized return figure of roughly 0.1x DPI (distributions to paid-in capital) on exits to date, and lists AscendAngels and Farquhar Venture Capital among its backing partners.

Investment Thesis

Orvel backs early-stage companies across a range of sectors in Southeast Asia rather than one narrow vertical, with disclosed investments spanning AI/workflow automation, agricultural technology, secondhand e-commerce marketplaces, edtech, fintech/housing finance, and healthcare marketplaces. Its stated approach emphasizes finding overlooked, capital-efficient businesses in markets it considers under-covered by larger regional funds.

Portfolio Companies

Staple, Broiler X, 3Cat, Zenith Education, Ringkas, HD Mall