Southeast Asia is at the heart of Web3 innovation. Its VCs? Not yet
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In early 2022, Singapore-based venture capital firm Openspace Ventures launched a US$20-30 million crypto-focused fund: Ocular.
The news almost drowned in an ocean of noise. Markets were down due to global political tensions, Bitcoin prices were tanking yet again—it wasn’t the best time to come out with a big bet on cryptocurrency.
Yet, the new fund represents a turning point in Southeast Asia’s VC landscape. The fund is part of a small vanguard of institutional investors who’ve chosen to tackle Web3 investment opportunities head-on. These include a
US$50 million
US$50 million
Business Times
Signum Capital partners UOB in US$50m blockchain venture fund
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collaborative fund launched by Singapore’s United Overseas Bank (UOB) and Web3-native fund management company Signum Capital in December 2021, and the recently announced
US$60 million
US$60 million
e27
RISE founder’s VC firm SeaX Ventures closes Fund II at US$60M
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SeaX fund by Thai entrepreneur Supachai Kid Parchariyanon.
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