Hemisphere Ventures, a US enterprise capital and consulting agency identified for early-stage investments in area, cybersecurity, biotech, nanotech, drones, robotics, and different frontier applied sciences, has opened a brand new workplace in Singapore, marking its first growth into Southeast Asia (SEA).
Established in 2014, Hemisphere has a portfolio of US frontier expertise investments, with household places of work as buyers. Examples of markets embody area, cybersecurity, biotech, nanotech, drones, robotics, and different frontier applied sciences
Main the agency’s growth in SEA is Chip Whittemore, who has lately been promoted to managing companion. In his new position, Whittmore will lead Hemisphere’s Singapore operation, constructing relationships with regional buyers, founders, and key stakeholders. Hemisphere has additionally been tasked to leverage its US community, together with connecting present portfolio corporations and prospects with startups in SEA, in keeping with a media launch.
Lisa Wealthy, founding father of Hemisphere Ventures, mentioned within the launch: “Hemisphere’s dedication to the innovation ecosystem has gone world. Our new Singapore workplace permits engagement within the area and permits us to attach startups with worldwide markets.”
Wealthy mentioned: “Chip’s management and imaginative and prescient will play a pivotal position in unlocking development alternatives in SEA, a area ripe for development as each expertise and capital circulation to the realm.”
Household places of work in Singapore have greater than tripled since 2020, with an extra 250 places of work established within the first eight months of 2024, accordign to the discharge.
Chip mentioned: “Singapore supplies a secure and engaging vacation spot for superior expertise investments, with entry to high-growth alternatives throughout SEA. I’m excited to steer Hemisphere’s growth, and join founders and buyers to the worldwide startup market.”
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