The Spartan Group

What The Spartan Group does

The Spartan Group is a Singapore-headquartered Web3 investment and advisory firm founded in 2017, operating across three integrated divisions. Spartan Advisory provides bespoke M&A, restructuring, and capital-raise services to leading blockchain projects and companies seeking Asia-Pacific expansion. Spartan Capital is a multi-strategy crypto asset manager running three funds (Liquid, DeFi, Gaming & Metaverse) with combined assets under management exceeding $500 million. Spartan Labs is a Web3 venture studio that partners with founders to originate and build new ventures. The firm has facilitated more than $1 billion in dealmaking transactional value and Spartan Capital was ranked the #1 performing APAC hedge fund in 2021.

The firm operates as an exempt person under Singapore's Securities and Futures Act, restricting its capital management activities to accredited, expert, and institutional investors. Distribution is primarily relationship-driven through direct senior-level engagement, supported by active thought leadership on Medium, LinkedIn, and Twitter, and conference participation at events including the HSC Asset Management Conference (Hong Kong), Web3 Festival, and Consensus Hong Kong, where Spartan co-paneled with BlackRock, HSBC, Standard Chartered, EY, and Galaxy Digital. The firm maintains a regional presence in Hong Kong alongside its Singapore headquarters and discloses roughly 30 named professionals across investment, advisory, operations, research, investor relations, legal, and finance functions, led by co-founders Kelvin Koh (CIO, Spartan Capital), Melody He (Co-Head of Spartan Advisory), and Casper B. Johansen.

Revenue is generated through three distinct streams: advisory fees from bespoke mandates, fund management fees plus carried interest across Spartan Capital's three funds, and equity/token participation in ventures built or co-invested in via Spartan Labs and portfolio activity. Recent disclosed portfolio activity includes investments in Kaito AI ($10.8 million seed/Series A, March 2025), River ($12 million strategic, January 2026), and Kash ($2 million pre-seed, February 2026), alongside a September 2025 promotion of Leeor Groen to Partner at Spartan Advisory.

Name

The Spartan Group

Legal name

99 Duxton Pte. Ltd.

Website

https://spartangroup.io

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

The Spartan Group is a Singapore-headquartered Web3 advisory and asset management firm operating across three divisions: Spartan Advisory (M&A and capital raises), Spartan Capital (multi-strategy crypto asset manager with $500M+ AUM), and Spartan Labs (venture studio), serving accredited investors, institutional LPs, and blockchain founders globally.

Ownership category

akta.pro rank

Product category

Web3 Investment and Advisory Services

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Multi-Strategy — Multi-Manager Platform (Pods) (FSAHAFAA)

Keywords

• Web3 advisory
• Crypto asset management
• Blockchain venture capital
• Capital raises
• Venture studio

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Advisory Fees: Spartan Advisory generates revenue through bespoke advisory fees charged to blockchain projects and companies seeking Asia expansion, fundraising, and ecosystem strategy support. This is a service-fee model tied to advisory mandates including M&A, restructuring, and capital raises.
2. Fund Management Fees and Carried Interest: Spartan Capital manages three crypto asset funds (Liquid, DeFi, Gaming & Metaverse) with combined AUM exceeding $500 million. Revenue is derived from management fees and performance/carried interest on fund returns.
3. Venture Studio / Build: Spartan Labs partners with founders to build market-defining Web3 ventures, likely generating returns through equity ownership and token allocations in ventures built within the studio.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

The Spartan Group is a Web3 advisory and investment firm that advises, invests in, and builds alongside leading blockchain companies. It operates three integrated divisions: Spartan Advisory (M&A, restructuring, and capital raise advisory for blockchain projects), Spartan Capital (a multi-strategy crypto asset manager running Liquid, DeFi, and Gaming & Metaverse funds with $500M+ AUM), and Spartan Labs (a venture studio partnering with founders to build new Web3 ventures).

Product overview

The Spartan Group operates as a unified Web3 investment and advisory platform comprising three core offerings: Spartan Advisory (M&A, restructuring, and capital raise advisory services), Spartan Capital (a multi-strategy crypto asset manager across Liquid, DeFi, and Gaming & Metaverse funds with $500M+ AUM), and Spartan Labs (a venture studio that partners with founders to build new Web3 ventures). Founded in 2017 and headquartered in Singapore and Hong Kong, the firm positions itself as advising, investing, and building with the best entrepreneurs in Web3.

Differentiator

Problem solved

Functional benefit

Products and services

• Spartan Advisory Bespoke Web3 advisory services for leading blockchain projects and companies, specializing in M&A, restructuring, and capital raises, including Asia expansion and ecosystem strategy support. Targeted at high-growth Web3 companies and blockchain projects.
• Spartan Capital A multi-strategy crypto asset manager operating three funds—Spartan Liquid Fund, Spartan DeFi Fund, and Spartan Gaming & Metaverse Fund—with combined AUM exceeding $500 million. Available to accredited, expert, and institutional investors under Singapore's exempt person framework.
• Spartan Labs A Web3 venture studio that partners with exceptional founders to transform insightful ideas into market-defining Web3 ventures, providing co-building, strategic mentorship, and go-to-market support.

Quantifiable outcome

• Ranked #1 Performing APAC Hedge Fund in 2021
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• HSC Asset Management ConferencecoreStrategic or Co-development PartnerSpartan Group was a confirmed speaker at the HSC Asset Management Conference (April 23, 2026, Hong Kong), joining executives from BlackRock, HSBC, Standard Chartered Bank, Ernst & Young, and Galaxy Digital. The conference connected institutional investors, funds, family offices, and asset managers with high-growth companies in Web3, AI, RWA tokenization, DeFi, and fintech sectors.
• BlackRockminorStrategic or Co-development PartnerBlackRock was a confirmed speaker at the HSC Asset Management Conference alongside Spartan Group, where both participated in discussions on long-term value creation in traditional and emerging finance.
• HSBCminorStrategic or Co-development PartnerHSBC participated as a speaker at the HSC Asset Management Conference alongside Spartan Group, exploring intersections of traditional finance with Web3 and digital assets.
• Standard Chartered BankminorStrategic or Co-development PartnerStandard Chartered Bank was a confirmed speaker at the HSC Asset Management Conference in Hong Kong alongside Spartan Group, discussing themes in Web3, AI, RWA tokenization, and DeFi.
• Ernst & Young (EY)minorStrategic or Co-development PartnerErnst & Young participated as a speaker at the HSC Asset Management Conference alongside Spartan Group, providing perspectives on regulatory compliance and market-shaping insights in the crypto finance ecosystem.
• Galaxy DigitalminorStrategic or Co-development PartnerGalaxy Digital was a confirmed speaker at the HSC Asset Management Conference alongside Spartan Group, contributing to discussions on the convergence of traditional and emerging finance.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Pantera Capital: One of the largest US-based crypto asset managers offering venture, liquid token, and early-stage funds. Comparable to Spartan Capital's multi-strategy approach and venture investing through Spartan Labs.
• Multicoin Capital: Crypto-native hedge fund and venture firm managing liquid token and early-stage strategies. Closely comparable to Spartan Capital's fund mandate and investment thesis around high-conviction crypto theses.
• Dragonfly Capital: Crypto-native investment firm managing venture funds and liquid token strategies with strong APAC presence. Directly comparable to Spartan Capital's multi-strategy fund structure and Spartan Labs' venture studio model.
• Paradigm: Crypto-focused investment firm combining research-driven venture investing with protocol involvement. Comparable to Spartan's research-led approach to crypto investments and advisory work with leading protocols.
• Galaxy Digital: Publicly listed crypto-native asset manager and advisory firm operating multi-strategy funds and capital markets services. Directly comparable to Spartan Group given overlap in crypto fund management, M&A advisory, and venture investing, though at significantly larger scale.

Regional players

• Hashed: Leading Asia-based crypto venture firm with deep Korean and broader APAC network. Comparable to Spartan Group's APAC-focused crypto investing and ecosystem-building, though primarily venture-focused rather than full multi-strategy platform.
• Kenetic Capital: Hong Kong-based crypto investment firm managing liquid token funds and venture investments. Comparable to Spartan's APAC focus and multi-strategy fund platform, with significant overlap in regional crypto ecosystem relationships.

Emerging players

• CMT Digital: Crypto-focused investment and advisory firm offering venture investing, market making, and trading. Comparable to Spartan Group's combined advisory and investing model, though with more emphasis on trading.
• 1confirmation: Crypto-native venture fund backing early-stage Web3 founders and protocols. Comparable to Spartan Labs' venture studio approach and Spartan's seed-stage investing activity, though narrower in scope (venture only).
• Electric Capital: Crypto venture firm known for developer-data-driven thesis development. Comparable to Spartan Group's research-led approach and venture investing through Spartan Labs, with similar fund scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TheSpartanGroup
• LinkedInlinkedin.com/company/spartangroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments206 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Spartan Group