Fundraising Fox

Asia Partners

Growth equity

Singapore · Series C–Late Stage · 22 people tracked

Also known as ASIA PARTNERS FUND MANAGEMENT PTE. LTD.

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Investment thesis

Asia Partners believes Southeast Asia is entering a golden age of rising affluence that fuels large tech company formation, similar to earlier waves in China, Korea, and Japan. The firm targets a market gap in growth-stage funding, writing $20-100 million Series C/D checks to address the shortage of growth equity while the Series A/B ecosystem has matured. It anticipates dozens of new billion-dollar tech companies emerging by 2029, many pursuing IPOs, with regional and Indonesia-focused platforms leading. The firm sees the region's complexity as a home-court advantage for local platforms and backs next-generation founders emerging from first-generation tech company alumni.

Source: firm website, verified Aug 25, 2026.

Stage
Series C–Late Stage
Check
$20M – $100M
HQ
Singapore, SG
Leads rounds
Leads
Instruments
Equity
Founded
2019
Last 12 months
1 investment
AUM
$474M
Tracked investments
4

Team · 22 people

from the firm's website & curated
Nicholas A. Nash· Managing Partner
Jill Cheong Hsi Min· Partner, CFO, CCO
Oliver Minho Rippel· Senior Partner, CIO
Pitra Harun· Partnerin
Vorapol (Brook) Supanusonti· Partnerin
Nicole Lim· Executive Assistant
Rozan Darta· Associate
Sean Oh· Vice Presidentin
Swapnil Chichani· Vice Presidentin

What they invest in

from 3 of 4 portfolio companies

Consumer ×2E-commerce ×1Fintech ×1Logistics & Supply Chain ×1Mobility & Transportation ×1Retail Tech ×1

HQs:Indonesia×1Malaysia×1Singapore×1

Investments · 4 tracked

founders shown can be your intro path
Carsomecarsome.myMar 2026

Carsome operates a used-car transaction platform in Malaysia that links private sellers with a network of dealers.

Mobility & Transportation

Aaron FoongInvestor Relations Team Not NeededJiun Ee TeohKee Choon (Eric) Cheng

Co-investors500 GlobalAEF Greater Bay Area FundBurda Principal InvestmentsEndeavor CatalystGobi PartnersSpiral Ventures+2 more

GudangAdagudangada.comin

GudangAda Beauty is a strategic distribution and brand management partner that helps local and international beauty brands enter, launch, and scale across Indonesia.

ConsumerLogistics & Supply ChainRetail Tech

Stevensang .(Founder)in

Co-investorsAlpha Wave GlobalAlpha JWC VenturesSequoia CapitalWavemaker Partners

ShopBackshopback.sg

ShopBack offers a cashback platform where online shoppers earn real money back on purchases made through partner retailers.

ConsumerE-commerceFintechSingapore, SG

Co-investorsK3 VenturesQualgroCredit SaisonJanuary Capital

ShopBackshopback.com.twin

Largest rewards and discovery platform in Asia-Pacific, powering over US$4 billion in annual sales across 12 countries.

Co-investorsAppWorks VenturesEast VenturesQualgroQuest VenturesVenturraCredit Saison+1 more

Portfolio news

latest coverage across their companies
Forbes Asia 100 To Watch 2026

Carsome · forbes.com · Aug 24, 2026

Frequently asked questions

What stage does Asia Partners invest at?
Asia Partners invests at the Series C, Growth, Late Stage stages.
What is Asia Partners's typical check size?
Asia Partners typically writes checks of $20M – $100M.
What sectors does Asia Partners focus on?
Asia Partners focuses on AI & Machine Learning, Consumer, Enterprise Software, Fintech, Marketplaces, Sector Agnostic.
Where is Asia Partners located?
Asia Partners is headquartered in Singapore, SG.
Does Asia Partners lead rounds?
Yes, Asia Partners leads investment rounds.

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