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VC

US Venture Giant Hemisphere Sets Up Shop in Singapore

Rary Maharani
Last updated: November 19, 2024 1:19 am
Rary Maharani
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  • Hemisphere Ventures opens Singapore office
  • Chip Whittemore leads Asian expansion
  • Singapore proves perfect for tech investments

Contents
Money Moves EastNew Sheriff in TownSingapore Slings Forward

Money Moves East

Hemisphere Ventures, the US frontier tech investor, launched its Singapore office Thursday, marking its first Southeast Asian outpost. The firm plans to tap its US connections to bridge portfolio companies toward Asian markets.

New Sheriff in Town

Chip Whittemore steps into the Managing Partner role to spearhead Singapore operations. He’ll focus on building local investor networks across Southeast Asia’s high-growth technology landscape.

Singapore Slings Forward

The timing looks right – Singapore’s assets under management hit S$5.5 trillion ($4.09 trillion). Family offices tripled since 2020, adding 250 new establishments in early 2024.

The city-state’s stable regulations make it an ideal regional hub amid shifting Asian market dynamics.

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