The female venture capitalists making waves in Singapore and beyond

From the first female VC in Singapore to a woman on Forbes’ list of 100 Most Powerful Women, here are some female VCs shaking things up

Credit: Her World
Credit: Her World
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Venture capital is a boys’ club. There’s a pretty big gender gap in venture capital in Singapore, with a 2019 study by the Asia-Pacific Venture Capital Journal finding that only 12.4% of investment professionals at venture capital firms in Asia were women. And according to a 2020 study by the Diversity Action Committee in Singapore, women only held 9% of board directorships in venture capital firms and only 17% of executive directorships.

Undeniably, there’s a pretty big gender gap in venture capital in Singapore. Nonetheless, there are women who are making tangible change with their work in venture capitalism both locally and around the globe. From the first female venture capitalist in Singapore to a woman on Forbes’ list of 100 Most Powerful Women, these are some of the female venture capitalists shaking things up.

Jenny Lee, GGV Capital

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Having studied at Cornell University, Singaporean Jenny Lee started out as a jet engineer, but changed career paths after obtaining an MBA from Northwestern University. Today, she is Managing Partner at GGV Capital, splitting her time between China and the US. She focuses on smart tech, with a portfolio comprising several unicorns, including Xiaomi, Alibaba and Grab.

Jenny has been named as a member of the Forbes Global 100 VC Midas list every year for the past decade, and is the first woman to make the Top 10 in 2015. In addition, she has appeared in the Forbes 100 Most Powerful Women list. In rankings by The New York Times and CB Insights, Jenny also consistently ranks among top venture capitalists around the world.

Phalgun Raju, Morph Ventures

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Phalgun Raju’s work as Managing Partner at Singapore-based Morph Ventures sees her focusing on SaaS, AI and consumer technology startups, a nod to her roots as an Massachusetts Institute of Technology Mechanical Engineering graduate. She also holds an MBA from Harvard Business School.

Virginia Tan, Teja Ventures

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Virginia Tan was previously a finance lawyer where she dealt with investments in emerging markets. Today, she is Founding Partner and CEO of Teja Ventures, whose investments focus on the future of consumption — think plant-based ‘meat’, digital collectibles, Web 3.0 education for kids and more. Virginia is also Co-Founder of She Loves Tech, the world’s largest startup competition for women and technology.

Caroline Wee, Circulate Capital

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Caroline Wee is Circulate Capital’s Investment Partner, Asia. The firm is dedicated to financing companies that prevent plastic ocean waste and advance the circular economy, such as waste management and recycling solutions. With three decades of experience, she has completed profitable divestments of numerous portfolio companies and weathered three financial crises.

Jennifer Ho, Integra Partners

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As Partner with Integra Partners, Jennifer Ho has a passion for solving the issues of accessibility and affordability of financial services and healthcare in Southeast and South Asia. Integra Partners recently launched Win With Women, a program designed to encourage female participation in angel investing, venture capital and tech to support aspiring women founders.

Jennifer is a graduate of Amherst College, a distinguished liberal arts college in Massachusetts, where she obtained a Bachelor’s in Economics.

Pui Yan Leung, Vertex Ventures

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Mum of two kids, partner at Vertex Ventures and mentor with the Her World Mentorship Programme, Pui Yan Leung wears many hats. Prior to joining Vertex two years ago, the venture capitalist was at SingTel Innov8, the local telco’s corporate venture capital arm, as an Investments and Operations Director. She brings with her her technical expertise from her engineering degree from National University of Singapore.

As a strong believer in the power of mentorship, Pui Yan credits her success to the numerous mentors she has met along the way who helped support her personal and professional growth. So, she hopes to pay it forward and do the same for someone else.

Separately, read about Pui Yan’s discussion on why female-led businesses get less funding here.

Karissa Adelaide, Jungle Ventures

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Karissa is the Vice President of Jungle Ventures, Southeast Asia’s largest independent venture capital firm which is headquartered in Singapore. Jungle Ventures’ portfolio is diverse, ranging from fashion to home renovation and Web3 for women.

Soo Boon Koh, iGlobe Partners

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It’s no stretch to say that Soo Boon Koh is a pioneer in Singapore’s venture capital scene. In the male-dominated Silicon Valley in the late 90s, Soo Boon rightly earned her place at the table as the founder of iGlobe Partners, Singapore’s first female-founded venture capital firm. Headquartered in Singapore today, iGlobe invests in tech companies both locally and overseas.

As a celebrated venture capitalist, Soo Boon has been recognized for her contributions as an inductee to the Singapore Women’s Hall of Fame.

Sharon Sim, Purpose Venture Capital

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Sharon Sim is the Co-Founder and General Partner at Purpose Venture Capital, a local investment firm that is focused on building sustainable and profitable tech ventures. With a background in developmental economics —- she studied at Georgetown University in Washington, DC — she’s also the CEO of Ormand Corp, whose diverse range of businesses includes F&B ventures like Khek & Co, Mensho Ramen and Suzette.



 

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