How many investments has TH Capital made?

TH Capital has 13 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.

What stage does TH Capital invest at?

TH Capital invests at the Seed, Series A, Series B stages.

Where is TH Capital located?

TH Capital is headquartered in Kuala Lumpur, MY.

Who does TH Capital co-invest with?

TH Capital most often shares deals with K3 Ventures, K3V Ventures, CyberAgent Capital, among 17 tracked co-investors.

TH Capital

Venture capital

Kuala Lumpur · Seed–Series B · 7 people tracked

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Investment thesis

TH Capital operates as a platform focused on technology and innovation within the Malaysian funding landscape. It aims to empower and accelerate ventures by combining capital infusion with business consultancy, strategic mentorship, and networking opportunities. The firm emphasizes building sustainable technology startups and investing in high-growth tech ventures, positioning its activities in line with nation-building goals across South East Asia.

Invests inAI & Machine Learning Consumer Deep Tech Defense Tech E-commerce Enterprise Software Fintech Media & Entertainment Retail Tech SaaS Asia-Pacific Kuala Lumpur Malaysia Singapore United States

Source: firm website, verified Aug 3, 2026.

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Stage

Seed–Series B

Kuala Lumpur, MY

Instruments

Equity

Founded

2017

Tracked investments

Unicorns

IPOs

Team · 7 people

from the firm's website & public directories

Bengamin Bong· Founding Partner

Founding Partner with cross-sector business leadership experience. Currently leads the Kha Seng Group, a conglomerate with a track record in retail property development, bringing domestic and international networks to the firm.

Chan Chee Beng· Chairman of TH Capital Sdn Bhd

Chairman of TH Capital who serves as Non-Executive Director of Maxis Communications Berhad, Bumi Armada Berhad, Sri Lanka Telecommunications Limited and Mobitel Limited, and was formerly Executive Director of Usaha Tegas Sdn Bhd (UTSB).

Teoh Wei-Xiang· Founding Partner· WP. Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysiain

Founding Partner behind the creation of TH Capital, focused on business expansion and supporting Malaysian digital startups. Led C27, a brand innovation and digital marketing company, growing it from 3 to over 40 staff.

Richmond Yau· General Partnerin

General Partner leading project management and resource planning at TH Capital. Currently a management consultant at EY, with experience restructuring a national airline and setting up a sovereign wealth fund.

richmond@th.capital

Shazy Noorazman· General Partner· Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysiain

General Partner bringing technical and product expertise. A founder and director at digital agency C27 and former founder/CEO of game studio 27Rabbits, having represented Malaysia at GDC in San Francisco.

shazy@th.capital

Naysan Munusamy· Managing Partner· WP. Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysiain 𝕏

Managing Partner with experience investing in and raising funds for startups. Co-founded fintech startup MoneyMatch, was founding COO of equity crowdfunding platform pitchIN, and previously an Executive Director at Goldman Sachs in Hong Kong; holds an Executive MBA from the University of Strathclyde.

naysan@th.capital

Rafael Ratzel

What they invest in

from 6 of 13 portfolio companies

E-commerce ×2Fintech ×2Healthtech ×2Digital Health ×1Enterprise Software ×1Hardware ×1IoT ×1Marketplaces ×1

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

Investments · 13 tracked

founders shown can be your intro path

SpaceXspacex.comNASDAQ: SPCX

Revolutionizing space technology to make life multi-planetary

Hawthorne, US

Elon Musk(Founder)inBret Johnsen(Executive Officer)inGwynne Shotwell(Executive Officer, Director)Tom Mueller(Founder)

Board Antonio Gracias(Director)in Steve Jurvetson(Director)in

Co-investors1/1 Capital 137 Ventures 1802 Ventures 2080 Ventures 3Spoke Capital 4DX Ventures +211 more

GoQuogoquo.com in 𝕏

GoQuo builds travel technology and retailing software for airlines, offering ready-made integrations with major host systems (Amadeus, Navitaire, Sabre, Travelsky, Radixx), payment channels, and ancillary product suppliers.

E-commerceEnterprise SoftwareSaaSTravel & Hospitality

Co-investorsCento Ventures Crystal Horse Investments Gobi Partners Golden Gate Ventures Monk's Hill Ventures

Igloohomeigloohome.co in 𝕏

Igloohome develops smart locks that enable property owners and managers to control access to homes and buildings remotely without physical keys, serving short-term rental hosts, property managers, and facility operators globally.

HardwareIoTPropTechSingapore, SG

Anthony Chow(Co-Founder | Chief Executive Officer)inKelvin Ho(Co-Founder and Chief Research Officer)in

Co-investorsDreamit Ventures K3 Ventures K3V Ventures Kickstart Ventures Wavemaker Partners Partech Ventures

Ksherksher.com

Ksher is a fintech platform providing cross-border payment solutions for businesses in the ASEAN region and beyond, serving both small and medium enterprises as well as large corporations.

E-commerceFintechBangkok, TH

Co-investorsMindworks Sequoia Capital

Moladinmoladin.com

Moladin is an Indonesian digital automotive platform where users research, compare, and find new cars by browsing prices, specifications, promos, reviews, and news.

FintechMarketplacesMobility & TransportationJakarta, ID

Andrew Khoo(Founder)in

Co-investorsCyberAgent Capital K3 Ventures K3V Ventures Peak XV Partners DST Global East Ventures +2 more

Nalurinaluri.life in 𝕏

Naluri develops digital therapeutics that combine behavioral science and coaching to help individuals reduce chronic disease risk, improve mental resilience, and build lasting healthy habits.

Digital HealthHealthtechMental HealthWellness & FitnessSingapore, SG

Azran Osman-Rani(Founder)inDr. Jeremy Ting(President and Co-Founder)in Aidan Saheran inAlycia TaninHariyati Majid inHafidz Alhadi L.in

Co-investors500 Global Integra Partners StartX M Venture Partners (MVP)

Zenflowzenflow.com in 𝕏Series C · Nov 2024

Zenflow develops medical devices for treating benign prostatic hyperplasia (BPH) in men, founded from the Stanford Byers Center for Biodesign with a team experienced in medical device development and FDA regulation.

HealthtechMedical DevicesSan Francisco, US

Shreya Mehta(CTO)in Nick Damiano(CEO)inJohn Beck(Executive Officer)in

BoardBryan Kim(Director)Robert Weisskoff(Director)inBlayne Roeder(Director)

Co-investorsAstia CloudStone Capital Dorm Room F-Prime Capital ShangBay Capital LLC Y Combinator +15 more

Other

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

AvanaBabydashMoneyMatchVersaWeInvestWeInvest Fintech

Exits · 1

1 IPOs

SpaceXNASDAQ: SPCX

Portfolio news

latest coverage across their companies

Digital health firm Naluri raises $5m funding

Naluri · fintech.global · Aug 13, 2025

Frequently asked questions

How many investments has TH Capital made?: TH Capital has 13 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
What stage does TH Capital invest at?: TH Capital invests at the Seed, Series A, Series B stages.
What sectors does TH Capital focus on?: TH Capital focuses on AI & Machine Learning, Consumer, Deep Tech, Defense Tech, E-commerce, Enterprise Software, Fintech, Media & Entertainment, Retail Tech, SaaS.
Where is TH Capital located?: TH Capital is headquartered in Kuala Lumpur, MY.
Who does TH Capital co-invest with?: TH Capital most often shares deals with K3 Ventures, K3V Ventures, CyberAgent Capital, among 17 tracked co-investors.

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