Hedosophia poaches Golden Gate executive as first hire at Singapore office

Marina Bay, Singapore. Photo: Victor He/Unsplash

Ian Osborne’s investment firm Hedosophia has made its first hire in Singapore, underscoring the London-based fund’s expanding interest in Southeast Asia.

According to a Linkedin profile update, Michelle Huang, a former associate at Southeast Asian venture capital firm Golden Gate Ventures, has joined Hedosophia as its Singapore-based senior associate this month. Huang had spent over two-and-a-half years at Golden Gate Ventures as an analyst and associate.

Prior to Golden Gate Ventures, Huang was an analyst at Southeast Asian growth-stage investor Tryb Capital for over one-and-a-half years.

Huang and Hedosophia could not be contacted for this story.

Hedosophia is led and founded by the British investor Ian Osborne, one of the venture capital industry’s most discreet and prolific investors. Osborne has reportedly invested in numerous tech giants like Alibaba, Ant Financial, Airwallex, Spotify, and TransferWise, and is also recognised as one of the architects of the recent SPAC boom.

His involvement with Chamath Palihapitiya’s Social Capital brought about a string of high-profile SPAC listings in the US such as those of Virgin Galactic, Clover Health, and Opendoor.

Hedosophia has also begun making its first early-stage investments in Southeast Asia.

According to data from DealStreetAsia – DATA VANTAGE, Hedosophia has made two investments in the region so far. It led a $50 million Series B round in Indonesian digital bookkeeping app BukuKas and a $16 million Series A round in Singapore-based corporate services firm Osome. Both investments were made in June.

Elsewhere, Osborne has been looking to revive SPACs in the European market.

In May, Osborne announced plans to raise a 460 million euro ($558 million) blank cheque firm in Amsterdam to acquire a technology company in Europe. Hedosophia has around $250 million under management with 12 active investments such as the Berlin-based online bank N26 and London fintech firm SaltPay, Reuters reported recently, citing PitchBook data.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.