Hemisphere Ventures, a US enterprise capital and consulting agency recognized for early-stage investments in house, 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 know-how investments, with household workplaces as traders. Examples of markets embody house, cybersecurity, biotech, nanotech, drones, robotics, and different frontier applied sciences
Main the agency’s enlargement in SEA is Chip Whittemore, who has not too long ago been promoted to managing accomplice. 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 firms and prospects with startups in SEA, in line 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 function in unlocking progress alternatives in SEA, a area ripe for progress as each expertise and capital movement to the realm.”
Household workplaces in Singapore have greater than tripled since 2020, with an extra 250 workplaces established within the first eight months of 2024, accordign to the discharge.
Chip mentioned: “Singapore offers a secure and enticing vacation spot for superior know-how 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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