Next Generation Partners

Leading Associates

Firms To Watch: Start-up and venture capital – Foreign firms

Clyde & Co Clasis Singapore is a growing force in early-stage fundraisings for start-ups and growth companies. It also represents a number of growth companies in trade sales and exits. The versatile Thomas Choo is Singapore managing partner and head of the corporate team.

Start-up and venture capital – Foreign firms in Singapore

Cooley LLP

Cooley LLP is a world leader in start-up and venture capital work. It has built a significant team in Singapore and has become a major player in Southeast Asia. The group is active in seed funding and early stage financings, right through to later-stage funding rounds; in 2023, it advised on a number of Series D and E financings, despite the challenging conditions. Working with colleagues in the US and around the world, it frequently represents global venture funds in their investments in Southeast Asia. Ferish Patel is very much part of the start-up and venture capital environment in Singapore, Southeast Asia and India. Andrew Harline is also well known in the sector in Singapore and Southeast Asia.

Responsables de la pratique:

Matthew Bartus; Peter Werner


Autres avocats clés:

Ferish Patel; Andrew Harline; Xinwei Li


Les références

‘Very hardworking and knowledgeable team. They deliver great results, especially for complex issues. I feel  confident with their counsel and work.’

‘Andrew Harline has been the Cooley partner that has worked with us since the beginning. Great counsel, highly responsive and very knowledgeable. Fast turnarounds and very patient with complex legal matters. He and his team are very thorough, especially Xinwei Li, who has also worked closely with us in a number of highly nuanced cross-border matters.’

‘Andrew Harline has been incredible across all of our fundraising.’

Principaux clients

FPL Capital (Kredivo)


Holmusk


Migo


Taurus One (Janio)


Novo Holdings


LXA


ASLAN Pharmaceuticals


Zepto


Nium


Allozymes


Sierra Ventures


Biorithm


Engine Biosciences


New Stack


DotBio


Principaux dossiers


  • Advised Kredivo Holdings (formerly known as FinAccel) on its $270m Series D fundraising round.
  • Advised Zepto on its $200m Series E round, which brought the company’s valuation to $1.4bn.

Dentons Rodyk

Dentons Rodyk has demonstrated a strong commitment to the start-up and growth company sector, often representing the companies themselves in seed funding, growth stage financings, pre-IPO financings, trade sales and IPOs. It also advises a range of venture investors. It has continued to advise on a number of seed financings and early-stage funding rounds for key clients. Sunil Rai leads the venture tech and emerging growth companies practice group and has an outstanding record in early to late stage funding rounds. Li Chuan Hsu (‘very responsive and goes out of his way to provide timely and quality advice’) has a background in emerging growth company work, including blockchain, notably also for Chinese clients. Ray Chiang (‘a standout in the field’) is another key partner in this area, along with S Sivanesan.

Responsables de la pratique:

Sunil Rai


Autres avocats clés:

S Sivanesan; Ray Chiang; Li Chuan Hsu


Les références

‘Dentons Rodyk has been an invaluable partner in navigating our investment and ESG-focused deals. Their expertise was instrumental in our successful investments.’

‘Ray Chiang’s strategic insights and unwavering dedication have consistently delivered exceptional results. Ray’s professionalism and depth of knowledge make him a standout in the field, and we highly recommend his services for any complex investment ventures.’

‘An amazing team.’

Principaux clients

Wavemaker Partners/ Wavemaker Impact


Rize


Validus Investment Holdings


Zenith Learning Group


Phasio


The Brandtech Group


Kickstart Ventures Inc


Closed Loop Growth Opportunities Fund


UNOAsia


Mitsui & Co


Whampoa Group


Seventure Partners


Satoro


ABB Ventures


Staple.AI


Principaux dossiers


  • Advised Validus Investment Holdings on its Series C extension fundraising round.
  • Advised UNOAsia on its $32m pre-Series B funding round.
  • Advised Mitsui & Co on its $5m investment in cancer diagnostics company MiRXES Holding Company’s Series D fundraising exercise.

Gunderson Dettmer LLP

Gunderson Dettmer LLP is another global titan in start-up and venture capital work, drawing on its Silicon Valley routes and its deep commitment to Singapore, Southeast Asia and India-related transactions. The Singapore office has gained considerable traction over the years, working with start-ups, growth companies and venture capital funds on seed funding right through to late-stage funding rounds and exits. It continues to represent many global venture capital and growth equity investors on their Southeast Asia and India-related deals and advises many prominent growth technology companies in the two regions. Singapore managing partner Jonathan Pentzien is a recognised leader in the field, ‘an excellent and brilliant lawyer with a very good grasp of the business economics underpinning a transaction’. David He has experience of working in Silicon Valley, New York and Singapore with an extensive record in venture financings.

Responsables de la pratique:

Jonathan Pentzien


Autres avocats clés:

David He


Les références

‘Jonathan Pentzien is an excellent and brilliant lawyer with a very good grasp of the business economics underpinning a transaction, and deep knowledge of the start up and venture capital space. As a solutions-focused lawyer, Jonathan is always able to effectively implement an innovative and workable solution for clients. He is also meticulous and balanced in his views.’

‘The team (Jonathan Pentzien and David He) in Singapore are excellent when it comes to providing practical and commercial advice.’

‘The ability to digest complex regulatory information that comes up in deals and familiarity with the issues is what sets the team apart. They understand India and its dynamics and are deeply entrenched.’

Principaux clients

Lightspeed Venture Partners/Lightspeed India Partners


Amperesand


Pickup Coffee


Jago Coffee


Koppiku


Salmon (fintech)


Prosus Ventures


New Enterprise Associates


Square Peg Capital


Goodwater


Asia Partners


Love, Bonito


Indus Valley Capital


Cathay Innovation


TNBAura


Mobius Carbon


Terrascope


Kindercastle


Creatorial


Believe Beauty


Cinch


Skuad


Gallabox


Dachin


inshorts


Principaux dossiers


  • Advised Lightspeed India on the $340m Series E financing of India-based unicorn Udaan.
  • Advised Goodwater on the $210m Series E financing of India’s fastest growing online grocery company Zepto.
  • Advised Philippine-based fintech, Salmon, on its $25m Series A-1 financing.

A&O Shearman

A&O Shearman’s Singapore office has a strong focus on Southeast Asia, India and the technology sector, bringing it a wealth of engagements in the start-up and venture capital sector. It advises a range of start-ups, emerging companies and investors. The firm has developed an impressive record in fintech, digital assets, digital health, infratech and energytech among other sectors. It has made an impression in early-stage to later-stage fundraisings, along with growth company M&A transactions. Tom Jokelson has a background in M&A, growth capital and private equity transactions. Caryn Ng provides additional expertise in venture fundraisings.

Responsables de la pratique:

Tom Jokelson


Autres avocats clés:

Caryn Ng; Zann Tay; Richard Porter: Kok Jin Ong


Les références

‘Zann Tay is detailed in her work.’

‘Tom Jokelson is approachable and responsive. ’

‘The team is efficient, responsive, and on the ball.’

Principaux clients

TTMFS Singapore


Endowus


Marshall Wace


CloudGo


Argor Capital Management


Oyika


PT Polinasi Iddea Investama


Intercontinental Energy


Principaux dossiers


Bird & Bird ATMD LLP

Bird & Bird ATMD LLP has developed an impressive institutional client base, advising the likes of ABC Impact, Korea Investment Partners and ACA Investments. The Singapore team has made a further impression in impact and sustainability investing, including wind, solar and other renewable projects. It continues to represent clients in seed and early-stage funding, right through to trade sales and IPOs on the Hong Kong Stock Exchange and Nasdaq. Marcus Chow heads the corporate team in Singapore, often working alongside colleagues in London on English law matters and on cross-border deals involving the UK. Counsel Jolie Giouw is another key member of the team.

Responsables de la pratique:

Marcus Chow


Autres avocats clés:

Jolie Giouw


CMS Cameron McKenna Nabarro Olswang (Singapore) LLP

CMS Cameron McKenna Nabarro Olswang (Singapore) LLP is closely associated with venture capital investments and start-up transactions. The firm’s strong focus on individual sectors, such as TMT, energy transition and climate change, and healthcare and life sciences has made it a significant player in the start-up and venture capital field. It has continued to advise a range of start-ups and growth companies on their fundraising activities, along with a number of M&A transactions. Toby Grainger heads the corporate practice and has an extensive background with early-stage and start-up companies. Babita Ambekar provides additional knowledge of the Southeast Asia and India markets, particularly in technology, consumer and renewable energy. Gerald Licnachan, who joined from Reed Smith LLP in November 2023, also has a strong focus on representing founders and investors in early stage and growth equity deals.

Responsables de la pratique:

Toby Grainger


Autres avocats clés:

Gerald Licnachan; Babita Ambekar


Les références

‘Toby Grainger has exceptional qualities in handling transactions and providing comprehensive advice. His expertise extends beyond the legal perspective, offering clients well-rounded insights that consider both legal and strategic business implications. Toby is not only a skilled professional but also highly accessible and responsive, ensuring clients feel supported and informed at every stage.’

‘I worked directly with Babita Ambekar, and she is the most responsive legal adviser I have worked with. She is very quick to organise industry and country experts within CMS to provide legal advice at a very short notice.’

‘CMS is very start-up friendly. They understand key issues relevant to early stage fundraising and deliver good work with a high level of responsiveness and efficiency.’

Principaux clients

ShopBack


Roojai


Ocean 14 Capital Fund


Gupshup Inc.


AC Ventures


AgFunder


Alesca Life


Ampotech


Cleartrip


Coinswitch Kuber


Genashtim


Good Startup


Destination Outpost


Equinor Ventures


SBI Ventures


Umami Bioworks


KreditBee


Zomato


Sirka Science


CareCam


Hegen


AIM Biotech


Brightlight Energy


RCA Capital


Sofina


Principaux dossiers


  • Advised Umami Bioworks on its merger with Shiok Meats.
  • Advised Roojai in relation to its $10m convertible note investment round with participation from existing investors HDI International and International Finance Corporation.
  • Advised SBI Holdings in relation to its subscription for a $45m convertible bond in Investree and a debt restructuring in which Investree is redeeming existing bonds and issuing fresh bonds subscribed by SBI.

Dechert

Dechert has an established reputation in representing venture capital funds and other investors in their capital investments in Southeast Asia. The Singapore office also advises a range of start-ups and growth companies, often in deals involving Indonesia, the broader Southeast Asia region, and India. It has continued to advise on multiple acquisitions of growth companies, along with early to late-stage fundraisings. Siew Kam Boon is the head of the private equity group, frequently advising on deals involving start-ups and growth companies in Southeast Asia and India. Timothy Goh departed in January 2025.

Responsables de la pratique:

Siew Kam Boon


Les références

‘A responsive team and good client service.’

Principaux clients

PingSafe


StashAway


Sleek Technology Holdings


Eurazeo Investment Manager – EIM SA


Principaux dossiers


  • Advised PingSafe on its acquisition by SentinelOne.
  • Advised Eurazeo on its $36m Series C investment into Axinan.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP’s sizeable commitment to Singapore and its significant presence across Asia Pacific, brings it a wealth of engagements, including Indonesia, Thailand, China and Australia-related transactions; the Singapore team works particularly closely with colleagues in Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills in Indonesia. It also has a significant focus on the Indian start-up and growth company market. It represents a mixture of regional and international investors, along with a growing number of start-ups and emerging companies across Asia Pacific. Qualified in Singapore and the UK, Victor Chiew has a major focus on start-up and venture capital work, noted in particular for Singapore, Indonesia and India deals.

Responsables de la pratique:

Victor Chiew


Autres avocats clés:

Kenji Lee; Zhang Jie Thia


Les références

‘HSF’s advice was to-the-point, fast and easy-to-understand.’

‘We worked principally with Victor Chiew, who was always fast in his responses and his advice was easy-to-understand.’

‘HSF has an expansive network of lawyers across the globe with deep understanding in each industry practice. This has proven helpful especially in navigating heavily regulated industries.’

Principaux clients

Clay Capital


Standard Chartered Bank / Standard Chartered Ventures


Peak XV Partners (fka Sequoia Capital)


Twin Towers Ventures


Bailie Gifford


UBS Optimus Foundation


Vertex Growth Fund


Northstar Advisors


MUFG Innovation Partners


Sumitomo Corporation Equity Asia


Apis Partners


Firmus Technologies / Sustainable Metal Cloud


Rukita


Investible


Vantient


Latham & Watkins LLP

Latham & Watkins LLP has a global focus on start-up and venture capital work, which includes a major presence in Silicon Valley and other key centres. The Singapore team works closely with colleagues in the US and other international offices, with the key partners having a background in corporate and M&A and private equity buyouts, right down to seed and early-stage funding rounds. The group features both Singapore and international lawyers, covering the full spectrum of technology and life sciences deals, along with other key growth company segments. James Clayton-Payne has a background in venture capital and growth company business, as does Singapore and UK-qualified Farhana Sharmeen. Private equity and venture capital specialist Amy Beckingham splits her time between Singapore and Hong Kong.

Responsables de la pratique:

Amy Beckingham; James Clayton-Payne; Farhana Sharmeen


Principaux clients

Warburg Pincus


Oona Insurance


Silicon Box


Citi Ventures


Weili Dai


Apricot Delivery


Gojek


Mogli Labs


Tybourne Capital Management


Principaux dossiers


  • Advised Silicon Box and one of the founders as lead investors, in multiple financing rounds for the company.
  • Advised Vertex Growth Management on its Series B1 investment in Taurus One.
  • Advised GoTo Group on its Series B round for its online streaming entertainment service.

Pinsent Masons MPillay

Pinsent Masons MPillay has a technology-focused corporate team that is deeply entrenched in the start-up and venture capital world. It has a particularly strong record in the fintech and medtech sectors, along with foodtech and aviation. The Singapore team routinely works on seed financings and early-stage funding, right through to later stage-funding rounds and exits; it has continued to advise a series of Southeast Asian growth companies on pre-IPO fundraisings and potential listings on the London Stock Exchange (LSE). Nicholas Hanna leads the Asia Pacific corporate team and has a background in technology deals. Mark Tan heads the technology, science and industry group.

Responsables de la pratique:

Nicholas Hanna; Mark Tan


Les références

‘Pragmatic and commercially astute advice. A strong commitment to LegalTech innovation.’

‘The team at Pinsent Masons is exceptional. Led by the inimitable Nicholas Hanna, the team is responsive and provides quality service to its clients.’

‘Nicholas Hanna is a star with his clients. He provides nothing short of the Rolls Royce service, always sensitive to his clients’ needs and always available to ably guide them through rough waters. One of the brightest sparks in an already shining firm.’

Principaux clients

muru-d (Telstra’s startup incubator)


Capgemini SE


Fluid Financial


CloudSEK Research


INEX Innovate


Float Foods


Cyient


Asian Development Bank


International Finance Corporation


Principaux dossiers


  • Entered into a five-year exclusive partnership agreement with muru-D to provide all legal services and administrative support in relation to its portfolio in Asia Pacific.
  • Advised Capgemini on the acquisition of Aodigy Asia Pacific.

Reed Smith LLP

Reed Smith LLP has earned recognition for its focus on venture capital investments in fast-growth companies. The Singapore team has a background in fintech, TMT and other key start-up sectors, representing both investors and companies. It remains especially active in early stage fundraisings. Bryan Tan is an experienced figure in TMT transactions and is further noted for his expertise in cybersecurity, data protection, and digital trade facilitation. Hagen Rooke is noted for fintech transactions.

Responsables de la pratique:

Bryan Tan


Autres avocats clés:

Hagen Rooke


Les références

‘Bryan Tan is extremely knowledgeable and helpful in assisting start-ups.’

‘They are client oriented, and provide added value with their experience and credentials.’

Sidley Austin LLP

Sidley Austin LLP has built a fine reputation in venture and growth capital, bringing it into the heart of the start-up and emerging company sector in Southeast Asia and the wider Asia Pacific region. It covers every stage of the investment lifecycle, representing some of the biggest global and regional investors in the sector. The core team is also backed by established fintech regulatory experts in Singapore. Parthiv Rishi is an experienced private equity specialist with a background in early-stage venture financings through to trade-sales and exits. Eldon Chan impresses at associate level.

Responsables de la pratique:

Parthiv Rishi


Autres avocats clés:

Eldon Chan


Les références

‘The Sidley team is able to staff matters efficiently and is willing to be flexible with billing arrangements. They are gradually building a reputation of being trusted advisers on both the company-side and the investor-side, and are highly proficient at shepherding deals to completion.’

‘Parthiv Rishi is a hands-on partner who prioritises client service and satisfaction above all else.’

‘Sidley’s practice in Singapore is unique because it is one of the few international firms that offers a venture capital practice that truly spans incorporation to exit, with capabilities to advise equally on Asia-based and US-based transactions.’

Principaux clients

KKR (Next Generation Technology Fund)


Lightspeed India Partners


Rainmaking Global


Hillhouse Capital


NetEase Games


Xora Innovation


EDBI


Temasek


EE Capital


Blue InCube


Y Combinator


Openspace.ai


Kumu


Jungle Ventures


Principaux dossiers


  • Represented Lightspeed and Peak XV (fka Sequoia) as lead investors in the Series C funding round of Aspire.
  • Represented NetEase Games on the $110m Series D fundraising round of Build a RocketBoy.
  • Represented EDBI in its Series A investment in Automera.

Simmons & Simmons

Simmons & Simmons has built an impressive record in early to late-stage fundraisings, trade sales and exits. It has built a sizeable client base of start-ups and venture-backed companies, along with venture capital and other investment funds. The firm is closely associated with numerous venture capital funds, including global and Asia-specific funds, particularly in relation to early-stage fundraisings by start-ups. Dax Lim specialises in representing growth companies, venture capital funds and growth equity funds; he has a background in venture fund structuring and investments. Yingyu Wang is noted for expertise in blockchain and NFTs.

Responsables de la pratique:

Dax Lim


Autres avocats clés:

Yingyu Wang; Bryan Chua


Les références

‘They supported us on our investment into a Singapore-based start-up and provided great legal advice throughout the process, as well as producing very high quality work.’

‘One of the differentiating qualities of the S&S team is that they always provide thoughtful opinions and suggested solutions.’

‘Dax Lim and Bryan Chua are the leading lawyers who represented us in our fundraising projects. Bryan is a very approachable, patient and knowledgeable lawyer beyond his level of experience. He completely understands the balance between quality and practicality in resolving complex negotiation points in cross-border matters.’

Principaux dossiers