# E-commerce investors in Southeast Asia (2026 list)

> 32 E-commerce investors in Southeast Asia, 94% active in the last 12 months. Led by Y Combinator, 500 Global, Antler. Ranked by what they funded.

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

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

# E-commerce investors in Southeast Asia

Updated 7 November 2026

Firms observed backing an E-commerce company in Southeast Asia in the last two years, wherever the firm is based.

[See all 32 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fecommerce-investors-in-southeast-asia)The top 25

**32** investors on the list No change this week

**1,624** cheques in 12 months *-21%* against the market

**$8M** median round they joined *-1%* against the market median

**94%** wrote a cheque in 12 months

**66%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen
- 2 [500 Global](https://millionrounds.com/fund/500-startups) *Deploying now* Angel · United States **2,140** **$3.6M** median round **Oct 2026** last seen
- 3 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen
- 4 [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) *Deploying now* VC firm · United States **526** **$4.1M** median round **Sept 2026** last seen
- 5 [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) *Deploying now* VC firm · Germany **461** **$7M** median round **Oct 2026** last seen
- 6 [Partech Ventures](https://millionrounds.com/fund/partech) *Deploying now* VC firm · France **444** **$15M** median round **Oct 2026** last seen
- 7 [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) *Deploying now* Investment bank · Japan **443** **$5.1M** median round **Oct 2026** last seen
- 8 [East Ventures](https://millionrounds.com/fund/east-ventures) *Deploying now* VC firm · Singapore **367** **$2.8M** median round **Oct 2026** last seen
- 9 [Headline](https://millionrounds.com/fund/headline) *Deploying now* VC firm · United States **307** **$15M** median round **Oct 2026** last seen
- 10 [Gobi Partners](https://millionrounds.com/fund/gobi-partners) *Deploying now* VC firm · Malaysia **212** **$10M** median round **Oct 2026** last seen
- 11 [Wavemaker Partners](https://millionrounds.com/fund/wavemaker-partners-3) *Deploying now* VC firm · Singapore **212** **$3M** median round **Mar 2026** last seen
- 12 [Airtree Ventures](https://millionrounds.com/fund/airtree) *Deploying now* VC firm · Australia **138** **$12M** median round **Oct 2026** last seen
- 13 [Infinity Ventures](https://millionrounds.com/fund/infinity-ventures) *Deploying now* VC firm · United States **130** **$6.8M** median round **Sept 2026** last seen
- 14 [iSeed](https://millionrounds.com/fund/iseed) *Deploying now* VC firm · India **118** **$2.6M** median round **Sept 2026** last seen
- 15 [IGNIA](https://millionrounds.com/fund/ignia-partners) *Deploying now* VC firm · United States **116** **$8M** median round **Oct 2026** last seen
- 16 [EDBI](https://millionrounds.com/fund/edbi) *Deploying now* VC firm · Singapore **109** **$32M** median round **Nov 2026** last seen
- 17 [Kaya VC](https://millionrounds.com/fund/kaya-capital) *Deploying now* VC firm · Czechia **105** **$2.2M** median round **Nov 2026** last seen
- 18 [Jungle Ventures](https://millionrounds.com/fund/jungle-ventures) *Deploying now* VC firm · Singapore **98** **$14M** median round **Oct 2026** last seen
- 19 [InnoVen Capital](https://millionrounds.com/fund/innoven-capital-india) *Deploying now* Venture debt · India **78** **$10M** median round **Oct 2026** last seen
- 20 [Pavilion Capital](https://millionrounds.com/fund/pavilion-capital) *Deploying now* Private equity · United States **67** **$28M** median round **Jul 2026** last seen
- 21 [SBI Group](https://millionrounds.com/fund/sbi-group) *Deploying now* Growth equity **57** **$14M** median round **Nov 2026** last seen
- 22 [Insignia Ventures](https://millionrounds.com/fund/insignia-venture-partners) *Deploying now* VC firm · Singapore **47** **$8M** median round **Jul 2026** last seen
- 23 [HCVC](https://millionrounds.com/fund/hcvc) *Deploying now* VC firm · France **42** **$5.6M** median round **Sept 2026** last seen
- 24 [January Capital](https://millionrounds.com/fund/january-capital) *Deploying now* VC firm · Singapore **39** **$8M** median round **Oct 2026** last seen
- 25 [Betatron Venture Group](https://millionrounds.com/fund/betatron-venture-group) *Deploying now* VC firm · Hong Kong SAR China **8** **$5.2M** median round **Oct 2026** last seen

**7 more on this list**

All 32 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%2Fecommerce-investors-in-southeast-asia)

## 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)
- **3** Nov **[e2e](https://millionrounds.com/company/e2e)** Seed · $8M *With* [Kaya VC](https://millionrounds.com/fund/kaya-capital)
- **3** Nov **[NeoSci Ventures](https://millionrounds.com/company/neosci-ventures)** Other · $55M *With* [EDBI](https://millionrounds.com/fund/edbi)
- **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 **[Neuron Industries](https://millionrounds.com/company/neuron-industries)** Seed · $10M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator)

## Stages This Year

1,534 rounds

- Venture **24%**
- Pre-seed **21%**
- Seed **19%**
- Series A **14%**
- Series B **6%**
- Other **16%**

## What They Backed

Sectors, last 12 months

- AI **749**
- Fintech **114**
- Big Data & Analytics **81**
- Financial Services **68**
- Healthcare **67**
- Software **46**

## Cheques by Quarter

Led Joined

564 Q1 25

499 Q2 25

575 Q3 25

565 Q4 25

520 Q1 26

463 Q2 26

323 Q3 26

71 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)

## Reading for founders in e-commerce and consumer brands

- Product Research 101: Find Winning Products to Sell on Amazon and Beyond Renae Clark · 2015 4.20 from 304 ratings on Goodreads E-commerce and consumer brands About the book Just getting started with product research and sourcing? Stuck trying to find ideas or find that “perfect” winning product? Want to find good selling products that others are ignoring? Interested in wholesale or private label products? If you answered yes, then this book is for… On AmazonListen on Audible
- You Must Write a Book: Boost Your Brand, Get More Business, and Become the Go-To Expert Honoree Corder · 2016 4.21 from 280 ratings on Goodreads E-commerce and consumer brands About the book Honorée Corder is the author of dozens of books, she does all sorts of other magical things, and her badassery is legendary. She is Hal Elrod's business partner and co-creator of The Miracle Morning book series, and she coaches high profile professionals, guiding them into some… On AmazonListen on Audible
- The Everything Store: Jeff Bezos and the Age of Amazon Brad Stone · 2013 4.13 from 78,706 ratings on Goodreads E-commerce and consumer brands About the book The definitive story of Amazon.com, one of the most successful companies in the world, and of its driven, brilliant founder, Jeff Bezos. Amazon.com started off delivering books through the mail. But its visionary founder, Jeff Bezos, wasn't content with being a bookseller. He… On AmazonListen on Audible
- The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power Dana Mattioli · 2024 4.12 from 1,461 ratings on Goodreads E-commerce and consumer brands About the book From veteran Amazon reporter for The Wall Street Journal, and finalist for the Pulitzer Prize in investigative reporting, Dana Mattioli's The Everything War is the shocking, explosive, and untold exposé of Amazon's endless strategic greed, from destroying Main Street to remaking… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about E-commerce investors in Southeast Asia

### Who are the most active E-commerce investors in Southeast Asia?

By cheques observed, the most active are Y Combinator, 500 Global, Antler, Goodwater Capital and Global Founders Capital.

### How many E-commerce investors in Southeast Asia are there?

32 are on record. 94% made an investment in the last 12 months and 66% have led a round.

### Which stages do E-commerce investors in Southeast Asia back?

Of the rounds with a named stage in the last 12 months, mostly Pre-seed (29%) and Seed (27%).

### How big are the rounds E-commerce investors in Southeast Asia join?

The typical (median) round among the leading investors here is $7M.

### Which sectors do E-commerce investors in Southeast Asia back most?

In the last 12 months, mostly AI, Fintech and Big Data & Analytics.

### Which E-commerce investors in Southeast Asia lead the most rounds?

Headline (24 led), Partech Ventures (18 led) and Airtree Ventures (14 led).

### Where are E-commerce investors in Southeast Asia based?

Among the most active, most are based in the United States (7), Singapore (6) and France (2).

### What have E-commerce investors in Southeast Asia invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with SBI Group), e2e (Seed, Nov 2026, with Kaya VC) and NeoSci Ventures (Other, Nov 2026, with EDBI).

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