Raisewell Ventures, a VC fund focusing on the US and Southeast Asia, has closed its $50-million debut fund, aiming to bridge startups in the two regions, according to an announcement.
With a strategic focus on the US and Southeast Asia, Raisewell Ventures aims to invest in key sectors such as climate tech, manufacturing and supply chain, and health tech. The firm will support early-stage investments while occasionally backing growth-stage startups.
Raisewell Ventures announced its official launch in 2024. In just 18 months, the fund has deployed capital into 17 companies. One portfolio company is heading for a NASDAQ listing, while 10 out of 12 have successfully secured follow-on funding. Notably, three companies within the portfolio have already reached unicorn status.
Jeep Kline, founder and Managing Partner of Raisewell Ventures, wrote in a LinkedIn post that: “Beyond capital, we’ve helped shape technology investment and financial policy in Thailand and Southeast Asia, contributing to the development of stronger exit markets in the region.”
Kline—recognised as one of the ‘Top 25 Women of Influence in Silicon Valley’—is the first Thai woman to launch a US-based impact VC fund. Raisewell Ventures is Kline’s fourth investment fund. She is also a senior executive at Intel and pre-IPO technology companies and an economist at The World Bank.
Fundraising for Southeast Asia-focused venture funds weakened sharply in 2025, with the second half marking the slowest period on record, according to DealStreetAsia DATA VANTAGE’s latest biannual report.
Only one fund reached a final close in H2: Philippines-based Kaya Founders, which secured $25 million for its second fund, as detailed in SE Asia Venture Funds: H2 2025 Review. The data point to a clear flight to conviction, with LPs concentrating capital on managers showing DPI visibility, disciplined deployment, and strong sourcing advantages.
For the full year, activity remained subdued. Just four funds reached final close in 2025, down from 17 in 2024 and 33 in 2023. The decline highlights a prolonged slowdown in capital formation, as LPs consolidate commitments around differentiated strategies, governance strength, and credible exit pathways rather than broad regional exposure.
