Investors Directory

A naming note up front: effective July 31, 2025, ACA Investments Pte. Ltd. — the Singapore-based entity of the Japanese ACA Group, in strategic alliance with Daiwa Securities Group since 2018 — formally changed its name to Felicity Global Capital Pte. Ltd. This profile is written under the name the firm is generally known by (ACA Investments), with the rename noted honestly rather than silently updated, since most public deal records and press coverage still refer to it as ACA Investments. Founded in 2008 and headquartered in Singapore (8 Temasek Boulevard, Suntec Tower 3), the firm describes its mission as "bridging Japan and Southeast Asia," combining Japanese capital and corporate relationships with growth opportunities across Southeast Asian and broader Asia-Pacific markets. ACA Investments has a genuine, confirmed Philippine investment: it participated in Sprout Solutions' (a Philippine HR-tech/payroll SaaS company) US$10.7 million Series B round in 2023, alongside Cercano Management, SoftBank Ventures Asia, AFG Partners, GSR Ventures, and others. Its broader portfolio spans Japan and Southeast Asia across fintech, media, biotech, healthtech, e-commerce, and deep tech, including SmartNews, Gojo & Company (microfinance), H3 Dynamics, FreeD Group, iPrice, InstaPay, bitFlyer, and HealthMetrics — reflecting a growth-stage, sector-agnostic mandate rather than a narrow thesis.

AppWorks is a Taipei, Taiwan-headquartered venture capital firm and startup accelerator founded in 2009 by Jamie Lin, who continues to lead the firm as Chairman & Partner. What began as the AppWorks Accelerator in 2010 has grown into a four-fund venture platform managing roughly US$350 million, with a self-reported network of 660+ active portfolio startups, thousands of founders, and tens of billions of dollars in cumulative portfolio valuation. AppWorks describes itself as one of the most active early-stage investors in "Greater Southeast Asia," a self-coined term reflecting its dual base spanning Taiwan and the wider Southeast Asian region. Its portfolio includes several of the region's best-known technology successes — Carousell, 91APP, Tiki, Dcard, ShopBack, and Web3 names like Animoca Brands and Dapper Labs among them. Its direct Philippine footprint is thin but real: its own investments page names one Philippine company, Clout Kitchen (an AI-powered creator-economy startup founded by three Filipino repeat founders), which AppWorks led at the pre-seed stage in 2024 — the firm itself notes its portfolio "underrepresents the Philippines relative to other regional markets like Indonesia and Vietnam."

Kejora Capital is a venture capital firm founded by Sebastian Togelang, operating with offices in both Singapore and Jakarta and investing primarily in Southeast Asia's digital economy, with a particular concentration in Indonesia. (Note: this session could not independently confirm Kejora Capital's exact founding year through any live, fetchable source — the firm's own site, kejoracapital.com, returned no readable content, and no dedicated Wikipedia article exists; other commonly-cited co-founder names for the wider Kejora Group could not be independently confirmed either and are deliberately not stated here as fact. Stated honestly rather than guessed.) The firm has run several distinct fund vehicles: a continuation fund of more than $150 million backed by Singapore's GIC (Government of Singapore Investment Corporation), used in part to back Indonesian logistics company SiCepat Ekspres; the SBI Kejora Orbit Fund I, a $30 million early-stage vehicle formed jointly with Japan's SBI Holdings; and a $25 million Series A-focused Malaysia fund launched in partnership with Sunway Group and anchored by MAVCAP, Malaysia's state-backed venture capital agency. Its Sebastian Togelang later went on to found a separate, independent venture firm, Rigel Capital. Portfolio companies include SiCepat Ekspres and Hipwee.

💰 Check size: $1M–$5M

Quest Ventures is a Singapore-based venture capital firm founded in 2011 by James Tan and Wang Yunming (also known for co-founding the Chinese group-buying company 55tuan). The firm reports over US$80 million in assets under management and describes itself as among the top 10 most active investors in Southeast Asia and Central Asia, with a portfolio of 150+ companies across roughly 150 cities in Asia as of the mid-2020s. Its named portfolio spans marketplaces, fintech, proptech, and media, including well-known Southeast Asian names such as Carousell, ShopBack, 99.co, Carro, Xfers, and Kredivo. Checking its own portfolio listing directly for this profile, no company was found explicitly tagged to the Philippines — its identifiable geographic activity concentrates in Singapore, Indonesia, Malaysia, Vietnam, and other parts of Southeast and Central Asia, without a confirmed Philippine investment.

SPH Ventures is the corporate venture capital arm of Singapore Press Holdings (SPH), the Singaporean media and property conglomerate whose media business was restructured into the not-for-profit SPH Media Trust in 2021. Per its own investment activity, the firm has backed more than 40 companies to date, primarily across Southeast Asia, investing alongside other regional funds such as Quest Ventures. (Note: this session could not independently confirm SPH Ventures' exact founding year, current fund size, or its precise organizational status following SPH's 2021 media-business restructuring through any live, fetchable source — SPH's own corporate site and SPH Media's site could not be accessed by this session's tools, and no dedicated Wikipedia article exists for the venture arm. Stated honestly rather than guessed; should be confirmed directly before publishing.) Documented investments include Partipost (an influencer-marketing platform, which SPH Ventures led a $3.5 million round for), influence.co (a US-based influencer-marketing seed round), TheLorry (a Malaysia/Southeast Asia logistics platform, participating in a $5.85 million Series B), Pathmatics (co-led investment round), and Snapcart (a shopper-engagement and receipt-scanning app) — reflecting a thesis spanning digital media, influencer/ad-tech, logistics, and consumer engagement technology, sectors adjacent to SPH's own core media and publishing business.