Hemisphere Ventures Expands into Southeast Asia

SINGAPORE,Nov. 14, 2024/PRNewswire/ -- Hemisphere Ventures, a U.S.-based venture capital and consulting firm known for its early-stage investments in space, cybersecurity, biotech, nanotech, drones, robotics, and other frontier technologies, today announces the opening of a new office inSingapore, marking its first expansion intoSoutheast Asia.

Established in 2014, Hemisphere built an outstanding portfolio of U.S. frontier technology investments, attracting scouts from major VC firms and investors from the nation's most prominent family offices.

Lisa Rich, Founder of Hemisphere Ventures said,"Hemisphere's commitment to the innovation ecosystem has gone global. Our newSingaporeoffice enables engagement in the region and allows us to connect startups with international markets."

Leading the firm's expansion isChip Whittemore, newly promoted to Managing Partner. In his new role, Chip will lead Hemisphere'sSingaporeoperation, building relationships with regional investors, founders, and key stakeholders. Hemisphere will leverage its extensive U.S. network, including connecting existing portfolio companies and customers with Southeast Asian startups.

"We are thrilled to announce the promotion of Chip to Managing Partner,"said Lisa."Chip's leadership and vision will play a pivotal role in unlocking growth opportunities inSoutheast Asia, a region ripe for growth as both talent and capital flow to the area."

Southeast Asia'spotential is driven by a young population, robust economic growth, and increasing foreign direct investment.Singaporehas become a financial powerhouse and preferred gateway to the region's booming markets. With +S$5.5 trillion in assets under management,Singapore'sstable regulatory framework, world-class financial services, business-friendly policies, and strategic location make it an ideal site for Hemisphere's new office.

Notably, family offices inSingaporehave more than tripled since 2020, with an additional 250 offices established in the first eight months of 2024. This influx reflects the growing interest from global and regional investors seeking stability amid geopolitical uncertainties.

The shift of capital flows fromChina,Indonesia, andIndiatoSingaporereflects evolving regional dynamics, as investors consider it a safe haven for diversification. AsChinapivots from technology and finance to focus more on manufacturing, wealthy investors and venture capital firms seek new opportunities in advanced technologies and growth sectors, such as space and robotics. Chip said,"Singaporeprovides a safe and attractive destination for advanced technology investments, with access to high-growth opportunities acrossSoutheast Asia. I am excited to lead Hemisphere's expansion, and connect founders and investors to the global startup market."

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SOURCE Hemisphere Ventures