How many investments has Heliconia Capital made?

Heliconia Capital has 5 tracked investments, including 1 dated in the last 24 months.

What stage does Heliconia Capital invest at?

Heliconia Capital invests at the Growth stage.

What sectors does Heliconia Capital focus on?

Heliconia Capital focuses on Crypto & Web3, Sector Agnostic.

Where is Heliconia Capital located?

Heliconia Capital is headquartered in Singapore, SG.

Heliconia Capital

Private equity

Singapore · Growth · 24 people tracked

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Investment thesis

Heliconia positions itself as an SME enabler, focusing on promising small and medium enterprises in Singapore and the wider Southeast Asia region and helping them scale into regional or global leaders. The firm is entrepreneur-centric and is often the first institutional investor in its portfolio companies. It emphasizes active partnership, working closely with founders through multi-layered value creation initiatives and growth levers to accelerate their journey toward reaching their full potential and becoming industry leaders.

Invests inCrypto & Web3Sector AgnosticAsia-Pacific Singapore Singapore

Source: firm website, verified Sep 26, 2026.

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Stage

Growth

Singapore, SG

Instruments

Equity

Tracked investments

Team · 24 people

from the firm's website & curated

Cynthia Chia· Board Member & Chief Executive Officer· Singaporein

CEO of Heliconia Capital Management, joining in 2013 from an SGX-listed environmental solutions company where she worked on investments, M&A and portfolio management with a focus on China.

Oliver Wong· Board Member & Chief Investment Officer

Chief Investment Officer of Heliconia, joining in 2017 from RHB Securities; previously spent eight years in private equity with Actis and 3i Group and worked in investment banking with Merrill Lynch and UBS.

Ming Jern Soo· Managing Director, Investments

Managing Director of investments at Heliconia since 2013, involved with around 20 portfolio companies across technology, industrials, consumer and healthcare; previously at EDBI and DSTA/Cap Vista.

Derrick Wu· Principal, Investments· Singaporein

Investment principal who joined in 2023; a former F&B and services entrepreneur who previously spent nearly a decade in M&A investment banking at Macquarie Group and Rippledot Capital.

Kevin Tan· Senior Principal, Investments· San Mateo, California, United Statesin

Senior investment principal who joined from Partners Group; previously at Duxton Asset Management and EDBI, and a CFA charterholder.

Yi Xuan Hen· Vice President, Investments· Singaporein

Vice President who joined from Navis Capital Partners, focusing on buyouts across consumer, industrials, services and technology in Southeast Asia; previously in leveraged finance at HSBC and a CFA charterholder.

Adrienne Teh· Board Member· Singapore

Head of Portfolio and Risk Management at 65 Equity Partners; previously part of Temasek's consumer team and board member of Boardroom, ShopBack and Carsome.

Celine Chua· Associate, Finance· Singapore, Singaporein

Finance associate who joined from DP World's APAC finance team, with prior experience at Irisnation Worldwide and SP Group.

Chee Yen Gan· Board Member

Board director of Surbana Jurong, Singapore Post and 65 Equity Partners; formerly Co-President of Pacific International Lines, CEO of Fullerton Financial Holdings and Co-Chief Investment Officer at Temasek International.

Eugene Lai· Chairman· Singaporein

Chairman of Boardroom and CSE Global and a non-executive director of 65 Equity Partners and CapitaLand Investment, with extensive private equity, investment banking and executive experience including Southern Capital Group, JP Morgan, The Ascott Group and Carlyle Group Asia.

Francis Woo· Board Member

Partner and Chief Corporate Officer at 65 Equity Partners; previously CFO and board director at Eastspring Investments and Managing Director at TPG focused on Southeast Asia private equity.

Hong Mui Khoo· Assistant Finance Manager

Assistant finance manager who joined from Pacific Star, with prior experience at Oaktree Capital Management and JAFCO Investment; a Chartered Accountant (ISCA).

Jacinda Lim· HR Manager· Singapore, Singaporein

Human resources manager who previously supported the CEO and board and joined from Singapore Airlines.

Jia Xin Yap· Associate, Finance

Finance associate who joined from Deloitte LLP's financial services segment; a Chartered Accountant with ICAEW.

Leonard Lim· Assistant Finance Manager

Assistant finance manager who joined from Great Eastern's investment accounting team, with prior audit experience at Deloitte Singapore.

Li Sze Yeo· Finance Director· Singaporein

Finance director with over nine years at GMG Global and Halcyon Agri in financial reporting roles and prior audit experience at KPMG; a Chartered Accountant (ISCA).

Min Hein Aung· Analyst, Investments· Singaporein

Investment analyst supporting the evaluation, execution and monitoring of private equity investments and portfolio value creation.

Philip Lee· Board Member· Singapore

Joined the Heliconia board in 2019; Vice-Chairman of Global Banking at HSBC with over 35 years of banking experience, having led JP Morgan and Deutsche Bank Singapore operations.

See Yuan Lee· Associate, Investments· Singaporein

Investment associate who joined from PwC Singapore's deals advisory Strategic Solutions and Turnaround Group.

Ted Tan· Operating Partner· Singapore, Singaporein

Operating partner who joined from Enterprise Singapore where he was Deputy Chief Executive; currently chairman of Q&M Dental Group and a board member of several organizations.

WenBin Tan· Finance Manager· Singaporein

Finance manager who joined from KPMG Singapore's private equity and investment management audit practice; a Chartered Accountant (ISCA).

Xi Ning Chin· Senior Associate, Investments· Boston, Massachusetts, United States

Senior associate who joined from boutique investment firms across private equity impact investments and equity research; a CFA charterholder and Chartered Accountant of Singapore.

Lesya Kulchenko· Human Resources Manager· Palo Alto, California, United Statesin

Lesya Kulchenko is a Managing Director at Hercules Capital, which she joined in 2012, and has over 17 years of experience in structured finance and investment. She previously worked at two early stage venture firms, Nourish Capital and Hopewell Ventures, and earlier held roles as a Corporate Credit Monitoring Manager at Raiffeisen Bank Ukraine and in product management at Rockwell Automation. She holds a B.S. in Computer Engineering with a Mathematics minor from Marquette University.

lkulchenko@htgc.com

Sep Kamvar· Chairmanin 𝕏

Co-founder of Celo and partner at cLabs.

What they invest in

from 4 of 5 portfolio companies

AI & Machine Learning ×2Biotech ×1Circular Economy ×1Digital Health ×1E-commerce ×1EdTech ×1Healthtech ×1Logistics & Supply Chain ×1

HQs:Singapore×2Indonesia×1United States×1

Investments · 5 tracked

founders shown can be your intro path

By year:2025 · 1 2022 · 1 2021 · 1 2019 · 14 dated

Glifeglife.com.sg inNov 2021 · $8M

Glife is a Singapore-based food supply chain company that sources produce from smallholder farmers and delivers it to business buyers.

Logistics & Supply Chain

Caleb WuinJoe ChenJustin Chou ZqWayne GohinYun Laiin

Co-investors500 Global Quest Ventures Global Founders Capital KB Investment RHL Ventures Tin Men Capital

Kyna Englishkynaenglish.comJan 2025

Kyna English offers 1-on-1 online English lessons with a personalized learning path based on each student's level and goals, serving learners of all ages.

AI & Machine LearningEdTech

Co-investorsAsia Business Builders CyberAgent Capital

Laku6laku6.com in

Laku6 operates a C2B marketplace and trade-in platforms in Indonesia that connect owners of preloved gadgets with business buyers, offering pickup, condition checking, and delivery services.

Circular EconomyE-commerceMarketplaces

Alvin Yap(Founder)in

Co-investorsAC Ventures Golden Gate Ventures Skystar Capital Convergence Ventures Rocket Internet SE

Lucencelucence.com inNov 2019 · $20M

Lucence develops blood-based diagnostic tests for early cancer detection, hereditary and health risk assessment, treatment selection, and treatment response monitoring.

AI & Machine LearningBiotechDigital HealthHealthtechLongevitySingapore, SG

Co-investorsOpenspace Ventures Genesis Alternative Ventures SGInnovate

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Contribution Labs

Frequently asked questions

How many investments has Heliconia Capital made?: Heliconia Capital has 5 tracked investments, including 1 dated in the last 24 months.
What stage does Heliconia Capital invest at?: Heliconia Capital invests at the Growth stage.
What sectors does Heliconia Capital focus on?: Heliconia Capital focuses on Crypto & Web3, Sector Agnostic.
Where is Heliconia Capital located?: Heliconia Capital is headquartered in Singapore, SG.

Images

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