Northstar Group is a Singapore-based private equity and venture capital firm founded in 2003, focused on investments in fast-growing businesses across Southeast Asia, particularly Indonesia. The firm manages over US$2 billion in committed equity capital and invests across sectors including consumer, financial services, telecom, and technology.
Average disclosed round size is $58.6M (across 41 rounds with reported amounts).
Portfolio
45
Fund Size
—
Top Stage
Seed
Last 12 Mo
2
Team
BK
Bert Kwan
Managing Director
MH
Melvin Hade
Managing Director, Venture
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
59 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| PPREP | Series A | $7M | Aug 2026 |
 Gnosis Health | Seed | — | Jun 2026 |
 Bang Jamin | Series A | $4M | Apr 2025 |
 VRAI | Series A | — | Feb 2025 |
| PPREP | Series A | $7M | May 2024 |
 Salmon Group Ltd | Series A | $100M | Apr 2024 |
 NativeX | Seed | $2.5M | Feb 2024 |
 Salmon | Unknown | $88M | Jan 2024 |
 LightOx | Unknown | — | Jan 2024 |
| AAdvanced Electric Machines | Series A | — | Nov 2023 |
 Bunker | Seed | — | Jul 2023 |
 Maka Motors | Seed | $37.6M | Jul 2023 |
 Maka Motors | Seed | $37.6M | Jul 2023 |
 Locofy | Seed | $4.3M | May 2023 |
 NunaBio | Seed | — | Apr 2023 |
 MMA Brand Services Pte. Ltd. | Series B | $30M | Feb 2023 |
| Locofy | Seed | $4.3M | Jan 2023 |
 Asa Ren | Unknown | $8.2M | Jan 2023 |
 Atome Financial | Unknown | $80M | Jan 2023 |
| LLocofy.ai | Seed | $4.3M | Jan 2023 |
| Maka Motors | Seed | $37.6M | Jan 2023 |
 eFishery | Series D | $200M | Jan 2023 |
| Bang Jamin | Seed | $2M | Jan 2023 |
| Maka Motors | Seed | $37.6M | Jan 2023 |
| DDailybox Group | Series B | $24M | Jun 2022 |
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Top Co-Investors
Peak XV Partners7 shared
Kinesys Group7 shared
Alpha JWC Ventures6 shared
AC Ventures5 shared
BEENEXT5 shared
Pantera Capital4 shared
Intudo Ventures4 shared
Lightspeed Venture Partners4 shared
Skystar Capital4 shared
SV Investment Corporation4 shared
Provident Capital Partners4 shared
British Business Bank4 shared
500 Global3 shared
India Quotient3 shared
Golden Gate Ventures3 shared
Accel3 shared
Beringea3 shared
AppWorks3 shared
SoftBank Group Corp.2 shared
Last updated: 7 October 2026