Location: Singapore

Gentree Fund is the venture capital vehicle of the Sy family, the family behind the SM Group of Companies, operating under the Sy Family Office and led by third-generation family members. It began with roughly $40 million initially allocated and, per Nikkei Asia reporting, has been raising a larger vehicle in the $120-150 million range. Confirmed portfolio includes online baby and maternity marketplace edamama, Y Combinator-backed payments company NextPay, enterprise software firm Mosaic Solutions, supply-chain fintech AQWire, livestreaming platform Kumu (a startup already tracked in this site's own Startups directory), and India-based mobile esports platform Mobile Premier League.

Wavemaker Partners is a venture capital firm founded in 2012 by Paul Santos (Singapore) and Eric Manlunas (Los Angeles), grown out of the Draper Venture Network into a bi-coastal firm spanning Southeast Asia and Southern California. Its Asian fund focuses on enterprise, deep tech, and sustainability, with the Philippines as one of its core Southeast Asian markets alongside Singapore, Indonesia, Vietnam, and Thailand. Since 2012, Wavemaker has backed more than 200 companies region-wide, with over $500 million in total committed capital and exits generating over $2 billion in enterprise value. It operates three fund strategies — Wavemaker Ventures (early-stage), Wavemaker Impact (venture building for climate/decarbonization), and Wavemaker Growth (growth-stage).

Openspace Ventures (now operating under the broader Openspace Capital name) is a multi-strategy asset manager founded in 2014 and focused on Southeast Asia. It is co-headquartered in Singapore and Jakarta, with additional offices across the region including a presence in Manila, and manages roughly $800 million in total committed capital across six funds spanning early-stage, growth-stage (OSV+), and a crypto-focused fund (Ocular). In the Philippines, Openspace is best known for co-leading Kumu's approximately $15 million Series B round in mid-2021 alongside SIG, joined by returning investors Kickstart Ventures, Foxmont Capital Partners, and Summit Media. Its broader Southeast Asian portfolio includes Gojek/GoTo, Kredivo, Halodoc, and Pickup Coffee.

Insignia Ventures Partners is a Southeast Asian early-to-growth-stage venture capital firm founded in 2017 by Yinglan Tan, a former Sequoia Capital partner, headquartered in Singapore. The firm has raised over $800 million in assets under management across multiple funds, including a $516 million close in 2022, and has made roughly 160+ investments in about 89 companies. The firm is particularly active in Indonesia, Vietnam, and the Philippines. Its confirmed Philippine investments include Tonik, Southeast Asia's first all-digital "neobank," licensed by the Bangko Sentral ng Pilipinas, and First Circle, an SME trade-financing platform, where Insignia participated in an $8.6 million Series B round in 2024 alongside IFC and Endeavor.