# Construction investors in Southeast Asia (2026 list)

> 29 construction investors in Southeast Asia, 97% active in the last 12 months. Led by Antler, HSG, GSR. Ranked by what they funded.

Source: https://millionrounds.com/lists/construction-investors-in-southeast-asia (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Construction investors in Southeast Asia

Updated 7 November 2026

Firms observed backing a construction company in Southeast Asia in the last two years, wherever the firm is based.

[See all 29 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fconstruction-investors-in-southeast-asia)The top 25

**29** investors on the list *-5* this week

**419** cheques in 12 months *-26%* against the market

**$14M** median round they joined *+73%* against the market median

**97%** wrote a cheque in 12 months

**34%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (24)

- 1 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen
- 2 [HSG](https://millionrounds.com/fund/hsg) *Deploying now* VC firm · Hong Kong SAR China **498** **$31M** median round **Oct 2026** last seen
- 3 [GSR](https://millionrounds.com/fund/gsr) *Deploying now* VC firm · United Kingdom **453** **$6M** median round **Jun 2026** last seen
- 4 [ZhenFund](https://millionrounds.com/fund/zhenfund) *Deploying now* VC firm · China **390** **$9.1M** median round **Oct 2026** last seen
- 5 [K Fund](https://millionrounds.com/fund/kfund) *Deploying now* VC firm · Spain **340** **$3M** median round **Oct 2026** last seen
- 6 [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) *Deploying now* VC firm · United States **295** **$16M** median round **Nov 2026** last seen
- 7 [Startup Wise Guys](https://millionrounds.com/fund/startup-wise-guys) *Deploying now* Accelerator · Estonia **237** **$551K** median round **Sept 2026** last seen
- 8 [Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2) *Deploying now* VC firm · China **95** **$16M** median round **Oct 2026** last seen
- 9 [DHVC](https://millionrounds.com/fund/dhvc) quiet VC firm · United States **75** **$11M** median round **Jun 2025** last seen
- 10 [Sky9 Capital](https://millionrounds.com/fund/sky9-capital) *Deploying now* VC firm · Singapore **74** **$14M** median round **Jul 2026** last seen
- 11 [Eastern Bell Capital](https://millionrounds.com/fund/eastern-bell-capital) *Deploying now* Private equity · China **72** **$15M** median round **Jul 2026** last seen
- 12 [Iterative](https://millionrounds.com/fund/iterative) *Deploying now* Accelerator · Singapore **66** **$1.3M** median round **Sept 2026** last seen
- 13 [DWF Labs](https://millionrounds.com/fund/dwf-labs) *Deploying now* VC firm **58** **$6M** median round **Feb 2026** last seen
- 14 [Cogitent Ventures](https://millionrounds.com/fund/cogitent-ventures) *Deploying now* VC firm · United Kingdom **54** **$2.6M** median round **Sept 2026** last seen
- 15 [Monk's Hill Ventures](https://millionrounds.com/fund/monk-s-hill-ventures) *Deploying now* VC firm · Singapore **12** **$5.3M** median round **Oct 2026** last seen
- 16 [Openspace](https://millionrounds.com/fund/openspace-ventures) *Deploying now* VC firm · Singapore **5** **$10M** median round **Oct 2026** last seen
- 17 [Noah](https://millionrounds.com/fund/noah) *Deploying now* VC firm · United States **3** **$23M** median round **Dec 2025** last seen
- 18 [01vc](https://millionrounds.com/fund/01vc) *Deploying now* VC firm · China **2** **$13M** median round **Oct 2026** last seen
- 19 [AlloyX](https://millionrounds.com/fund/alloyx) *Deploying now* Investment firm · United States **2** **$14M** median round **Jun 2026** last seen
- 20 [Avenir Group](https://millionrounds.com/fund/avenir-group) *Deploying now* Family office · Hong Kong SAR China **2** **$15M** median round **Oct 2026** last seen
- 21 [Kaia Investment Partners](https://millionrounds.com/fund/kaia-investment-partners) *Deploying now* Investment firm **1** **$14M** median round **Jun 2026** last seen
- 22 [Simsan Ventures](https://millionrounds.com/fund/simsan-ventures) *Deploying now* VC firm · United Kingdom **1** **$14M** median round **Jun 2026** last seen
- 23 [Symbiotics Asset Management](https://millionrounds.com/fund/symbiotics-asset-management) *Deploying now* Investment firm **1** **$21M** median round **Aug 2026** last seen
- 24 [Vernal Capital](https://millionrounds.com/fund/vernal-capital) *Deploying now* VC firm · Brazil **1** **$10M** median round **Oct 2026** last seen
- 25 [Beingboom Capital](https://millionrounds.com/fund/beingboom-capital) *Deploying now* VC firm **1** **$22M** median round **Dec 2025** last seen

**4 more on this list**

All 29 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fconstruction-investors-in-southeast-asia)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Sand.ai](https://millionrounds.com/company/sand-ai)** Series A · $200M *With* [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2)
- **2** Nov **[Dispatch Network](https://millionrounds.com/company/dispatch-network)** Pre-seed · $527K *Led by* [Antler](https://millionrounds.com/fund/antler)
- **2** Nov **[Sortrace](https://millionrounds.com/company/sortrace)** Seed · $800K *With* [Antler](https://millionrounds.com/fund/antler)
- **30** Oct **[Archon Robotics](https://millionrounds.com/company/archon-robotics)** Seed *With* [ZhenFund](https://millionrounds.com/fund/zhenfund)
- **29** Oct **[Fronted](https://millionrounds.com/company/fronted)** Seed · $1.9M *With* [Antler](https://millionrounds.com/fund/antler)
- **28** Oct **[Maasi](https://millionrounds.com/company/maasi)** Pre-seed · $631K *With* [Antler](https://millionrounds.com/fund/antler)

## Stages This Year

386 rounds

- Seed **28%**
- Pre-seed **22%**
- Venture **18%**
- Series A **12%**
- Series B **6%**
- Other **15%**

## What They Backed

Sectors, last 12 months

- AI **141**
- Fintech **22**
- Web3 & Crypto **19**
- Biotech **19**
- IT Services **17**
- Healthcare **15**

## Cheques by Quarter

Led Joined

129 Q1 25

143 Q2 25

185 Q3 25

182 Q4 25

149 Q1 26

102 Q2 26

61 Q3 26

24 Q4 26

The last bar is the quarter still running.

## Lists Like This

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- [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)

## Reading for founders in real estate and construction

- The Book of YES: The Ultimate Real Estate Agent Conversation Guide Kevin Ward · 2016 4.10 from 253 ratings on Goodreads Real estate and construction Company building About the book The Book of YES In Kevin Ward's book, you will find the most powerful scripts in the real estate industry today. If you’re tired of the same old sales scripts or if you’ve done away with them all together, I know how you feel because I’ve been there. I was tired of seeing the… On AmazonListen on Audible
- The Book on Investing In Real Estate with No (and Low) Money Down: Creative Strategies for Investing in Real Estate Using Other People's Money Brandon Turner · 2014 4.18 from 2,560 ratings on Goodreads Real estate and construction Innovation Company building About the book COMPLETELY REVISED AND UPDATED Is your lack of cash holding you back from your real estate dreams? Discover the creative real estate financing techniques that savvy investors are using to do more deals, more often. No matter how much money you have in your checking… On AmazonListen on Audible
- Confessions of a Real Estate Entrepreneur: What It Takes to Win in High-Stakes Commercial Real Estate: What it Takes to Win in High-Stakes Commercial Real Estate James A. Randel · 2005 4.13 from 277 ratings on Goodreads Real estate and construction Company building About the book A front row seat into the world of high-stakes commercial real estate investing “A must-read book … one of the best real estate investment books I have ever read. On my scale of 1 to 10, this unique book rates an off-the-charts 12.” ---Robert Bruss Confessions of a Real Estate… On AmazonListen on Audible
- The Public Domain: Enclosing the Commons of the Mind James Boyle · 2008 4.12 from 349 ratings on Goodreads Real estate and construction Innovation About the book In this enlightening book James Boyle describes what he calls the range wars of the information age, today’s heated battles over intellectual property. Boyle argues that just as every informed citizen needs to know at least something about the environment or civil rights, every… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=real_estate).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about construction investors in Southeast Asia

### Who are the most active construction investors in Southeast Asia?

By cheques observed, the most active are Antler, HSG, GSR, ZhenFund and K Fund.

### How many construction investors in Southeast Asia are there?

29 are on record. 97% made an investment in the last 12 months and 34% have led a round.

### Which stages do construction investors in Southeast Asia back?

Of the rounds with a named stage in the last 12 months, mostly Seed (36%) and Pre-seed (28%).

### How big are the rounds construction investors in Southeast Asia join?

The typical (median) round among the leading investors here is $13M.

### Which sectors do construction investors in Southeast Asia back most?

In the last 12 months, mostly AI, Fintech and Web3 & Crypto.

### Which construction investors in Southeast Asia lead the most rounds?

Antler (7 led), GSR (4 led) and HSG (3 led).

### Where are construction investors in Southeast Asia based?

Among the most active, most are based in the United Kingdom (4), China (4) and the United States (4).

### What have construction investors in Southeast Asia invested in recently?

Recent rounds include Sand.ai (Series A, Nov 2026, with Matrix Partners China), Dispatch Network (Pre-seed, Nov 2026, with Antler) and Sortrace (Seed, Nov 2026, with Antler).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)