Hemisphere Ventures opens in Singapore amid SEA enlargement

Hemisphere Ventures, a US enterprise capital and consulting agency recognized 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 enlargement into Southeast Asia (SEA).

Established in 2014, Hemisphere has a portfolio of US frontier Technology investments, with household places of work as traders. Examples of markets embody area, cybersecurity, biotech, nanotech, drones, robotics, and different frontier applied sciences

Main the agency’s enlargement in SEA is Chip Whittemore, who has lately been promoted to managing associate. In his new function, Whittmore will lead Hemisphere’s Singapore operation, constructing relationships with regional traders, founders, and key stakeholders. Hemisphere has additionally been tasked to leverage its US community, together with connecting present portfolio corporations and clients with startups in SEA, in accordance with a media launch. 

Lisa Wealthy, founding father of Hemisphere Ventures, stated within the launch: “Hemisphere’s dedication to the innovation ecosystem has gone international. Our new Singapore workplace allows engagement within the area and permits us to attach startups with worldwide markets.”

Wealthy stated: “Chip’s management and imaginative and prescient will play a pivotal function in unlocking progress alternatives in SEA, a area ripe for progress as each expertise and capital circulate to the world.”

Household places of work in Singapore have greater than tripled since 2020, with a further 250 places of work established within the first eight months of 2024, accordign to the discharge. 

Chip stated: “Singapore offers a secure and enticing vacation spot for superior Technology investments, with entry to high-growth alternatives throughout SEA. I’m excited to guide Hemisphere’s enlargement, and join founders and traders to the worldwide startup market.”

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