The venture capital firm opened its first office in the region in Singapore in September 2018, adding to a global presence spanning India, Japan, China, the US, and Europe.
In a statement, Eight Roads Ventures said Ng’s appointment, which was effective immediately, will boost the firm’s efforts in the region to back entrepreneurs of early-growth and growth-stage businesses.
Prior to joining Eight Roads Ventures, Ng was venture partner at B Capital, a venture capital firm that counts Facebook co-founder Eduardo Saverin as a founding partner. He was also a director at Oracle in the US and had worked as management consultant at the Boston Consulting Group.
Ng will join the Eight Roads Ventures India investment team, which has invested in over 30 fast-growing businesses in India and Southeast Asia, Akulaku, BankBazaar, Chai Point, Cipla Health, Eywa, Icertis, Laurus Labs, Manthan Systems, Netmagic, Northern Arc Capital, Shadowfax, and Silot.
“His experience and network in the region will be invaluable given both the breadth and reach of our existing investments, and our ambition to develop into new areas of interest,” said Eight Roads Ventures managing partner for Asia Raj Dugar.
Eight Roads has over 300 portfolio companies globally, with about $1.5 billion in assets under management in Southeast Asia and India alone.
With a ramped up Southeast Asia presence, it plans to target investments in consumer tech, deep tech, and healthcare in Singapore, Indonesia and Vietnam. These sectors, Dugar said, require patient capital, which is a strong suit for the global venture firm.
Eight Roads Ventures has raised a total of $1.5 billion across six funds, its latest being Technology Fund for China, which secured $275 million. In September, Dugar told this portal that the firm sees the potential for a $200-million fund focused on Southeast Asia.
“It’s hard to put a number down, but it will probably be something similar to some of the funds we have for other geographies. It really depends on the opportunities available in the region,” Dugar told DEALSTREETASIA in an earlier interview.