Hemisphere Ventures, a US venture capital and consulting firm known for early-stage investments in space, cybersecurity, biotech, nanotech, drones, robotics, and other frontier technologies, has opened a new office in Singapore, marking its first expansion into Southeast Asia (SEA).
Established in 2014, Hemisphere has a portfolio of US frontier technology investments, with family offices as investors. Examples of markets include space, cybersecurity, biotech, nanotech, drones, robotics, and other frontier technologies
Leading the firm’s expansion in SEA is Chip Whittemore, who has recently been promoted to managing partner. In his new role, Whittmore will lead Hemisphere’s Singapore operation, building relationships with regional investors, founders, and key stakeholders. Hemisphere has also been tasked to leverage its US network, including connecting existing portfolio companies and customers with startups in SEA, according to a media release.
Lisa Rich, founder of Hemisphere Ventures, said in the release: “Hemisphere’s commitment to the innovation ecosystem has gone global. Our new Singapore office enables engagement in the region and allows us to connect startups with international markets.”
Rich said: “Chip’s leadership and vision will play a pivotal role in unlocking growth opportunities in SEA, a region ripe for growth as both talent and capital flow to the area.”
Family offices in Singapore have more than tripled since 2020, with an additional 250 offices established in the first eight months of 2024, accordign to the release.
Chip said: “Singapore provides a safe and attractive destination for advanced technology investments, with access to high-growth opportunities across SEA. I’m excited to lead Hemisphere’s expansion, and connect founders and investors to the global startup market.”
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