# B2C investors in Southeast Asia (2026 list) > 20 B2C investors in Southeast Asia, 100% active in the last 12 months. Led by Techstars, General Catalyst, FJ Labs. Ranked by what they funded. Source: https://millionrounds.com/lists/b2c-investors-in-southeast-asia (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # B2C investors in Southeast Asia Updated 7 November 2026 Firms observed backing a B2C company in Southeast Asia in the last two years, wherever the firm is based. [See all 20 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2c-investors-in-southeast-asia)The top 20 **20** investors on the list No change this week **714** cheques in 12 months *-29%* against the market **$120M** median round they joined *+1400%* against the market median **100%** wrote a cheque in 12 months **50%** have led a round ## The Top 20 Ordered by cheques observed, never by anything anyone paid for Deploying now (20) - 1 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 2026** last seen - 2 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen - 3 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **849** **$11M** median round **Oct 2026** last seen - 4 [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) *Deploying now* Government · United States **283** **$39M** median round **Oct 2026** last seen - 5 [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) *Deploying now* Corporate VC · Japan **200** **$10M** median round **Oct 2026** last seen - 6 [Play Ventures](https://millionrounds.com/fund/play-ventures) *Deploying now* VC firm · Singapore **128** **$5.8M** median round **Oct 2026** last seen - 7 [Alibaba](https://millionrounds.com/fund/alibaba) *Deploying now* Growth equity · United States **83** **$150M** median round **Oct 2026** last seen - 8 [Eastern Bell Capital](https://millionrounds.com/fund/eastern-bell-capital) *Deploying now* Private equity · China **72** **$15M** median round **Jul 2026** last seen - 9 [SBI Group](https://millionrounds.com/fund/sbi-group) *Deploying now* Growth equity **57** **$14M** median round **Nov 2026** last seen - 10 [iGlobe Partners](https://millionrounds.com/fund/iglobe-partners) *Deploying now* VC firm · Singapore **17** **$300M** median round **Jul 2026** last seen - 11 [Mirae Asset](https://millionrounds.com/fund/mirae-asset) *Deploying now* VC firm · United States **14** **$53M** median round **Sept 2026** last seen - 12 [Moore Strategic Ventures](https://millionrounds.com/fund/moore-strategic-ventures) *Deploying now* VC firm · United States **10** **$127M** median round **Oct 2026** last seen - 13 [Ivy Capital](https://millionrounds.com/fund/ivy-capital-2) *Deploying now* Hedge fund · China **9** **$249M** median round **Jul 2026** last seen - 14 [Spice Expeditions](https://millionrounds.com/fund/spice-expeditions) *Deploying now* Growth equity **6** **$120M** median round **Oct 2026** last seen - 15 [Blue Focus PR Consulting](https://millionrounds.com/fund/bluefocus) *Deploying now* VC firm · China **3** **$446M** median round **Sept 2026** last seen - 16 [Washington University Investment Management Company](https://millionrounds.com/fund/washington-university-investment-management-company) *Deploying now* Growth equity **2** **$120M** median round **Oct 2026** last seen - 17 [Cloudalpha Capital Management Limited](https://millionrounds.com/fund/cloudalpha-capital-management-limited) *Deploying now* Hedge fund · Hong Kong SAR China **1** **$439M** median round **Jul 2026** last seen - 18 [Lollapalooza Capital](https://millionrounds.com/fund/lollapalooza-capital) *Deploying now* Growth equity · Hong Kong SAR China **1** **$439M** median round **Jul 2026** last seen - 19 [Grand Mount Capital](https://millionrounds.com/fund/grand-mount-capital) *Deploying now* VC firm **1** **$439M** median round **Jul 2026** last seen - 20 [OCBC's Lion X Ventures](https://millionrounds.com/fund/ocbc-s-lion-x-ventures) *Deploying now* VC firm **1** **$439M** median round **Jul 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [SBI Group](https://millionrounds.com/fund/sbi-group) - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Techstars](https://millionrounds.com/fund/techstars) - **4** Nov **[Nooks](https://millionrounds.com/company/nooks)** Growth · $500M *Led by* [General Catalyst](https://millionrounds.com/fund/general-catalyst) - **2** Nov **[Hypersonica](https://millionrounds.com/company/hypersonica)** Series B · $112M *Led by* [General Catalyst](https://millionrounds.com/fund/general-catalyst) - **2** Nov **[Lumaril](https://millionrounds.com/company/lumaril)** Series A · $66M *With* [General Catalyst](https://millionrounds.com/fund/general-catalyst) - **30** Oct **[Serval](https://millionrounds.com/company/serval)** Series C · $150M *With* [General Catalyst](https://millionrounds.com/fund/general-catalyst) ## Stages This Year 681 rounds - Series A **20%** - Venture **18%** - Seed **17%** - Series B **8%** - Debt **7%** - Other **30%** ## What They Backed Sectors, last 12 months - AI **275** - Fintech **70** - Healthcare **40** - Financial Services **40** - IT Services **34** - Aerospace & Space **30** ## Cheques by Quarter Led Joined 255 Q1 25 266 Q2 25 294 Q3 25 269 Q4 25 234 Q1 26 191 Q2 26 156 Q3 26 48 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america) - [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe) - [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america) - [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america) - [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia) - [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america) - [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america) - [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america) - [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about B2C investors in Southeast Asia ### Who are the most active B2C investors in Southeast Asia? By cheques observed, the most active are Techstars, General Catalyst, FJ Labs, International Finance Corporation and Z Venture Capital. ### How many B2C investors in Southeast Asia are there? 20 are on record. 100% made an investment in the last 12 months and 50% have led a round. ### Which stages do B2C investors in Southeast Asia back? Of the rounds with a named stage in the last 12 months, mostly Series A (27%) and Seed (22%). ### How big are the rounds B2C investors in Southeast Asia join? The typical (median) round among the leading investors here is $120M. ### Which sectors do B2C investors in Southeast Asia back most? In the last 12 months, mostly AI, Fintech and Healthcare. ### Which B2C investors in Southeast Asia lead the most rounds? General Catalyst (97 led), International Finance Corporation (12 led) and SBI Group (5 led). ### Where are B2C investors in Southeast Asia based? Among the most active, most are based in the United States (7), China (3) and Singapore (2). ### What have B2C investors in Southeast Asia invested in recently? Recent rounds include Soter Insure (Series B, Nov 2026, with SBI Group), Lazarus AI (Nov 2026, with Techstars) and Nooks (Growth, Nov 2026, with General Catalyst). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)