The Spartan Group
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.
- Company typePrivate
- Founded2017
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingServices
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.
The Spartan Group firmographics
Firmographics- 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
The Spartan Group industry classification
Industry- 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
Where The Spartan Group is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
The Spartan Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- 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.
- 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.
- 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
The Spartan Group product offering
Product offeringCore 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
Companies that use The Spartan Group
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
The Spartan Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Spartan Group partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- HSC Asset Management ConferencecoreSpartan 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.
- BlackRockminorBlackRock 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.
- HSBCminorHSBC 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 BankminorStandard 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)minorErnst & 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 DigitalminorGalaxy 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
The Spartan Group competitors and assessment
Company assessmentDirect 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
The Spartan Group social profiles
Digital presenceThe Spartan Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Spartan Group leadership team
Management profileNumber of profiles
Profiles15 records
The Spartan Group subsidiaries and ownership
Company hierarchySubsidiaries3 records
The Spartan Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Spartan Group M&A and investment
M&A and investmentM&A
Investments206 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Spartan Group
What does The Spartan Group do?
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).
Is The Spartan Group a public or private company?
The Spartan Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Spartan Group founded?
The Spartan Group was founded in 2017. It employs 11 to 50 people.
Where is The Spartan Group based?
The Spartan Group is headquartered in Singapore, Singapore, in the Asia region.
How does The Spartan Group make money?
Three revenue lines are on record. Advisory Fees are the primary driver. The others are fund Management Fees and Carried Interest and venture Studio / Build.
Who are The Spartan Group's main competitors?
Direct peers on record are Pantera Capital, Multicoin Capital, Dragonfly Capital, Paradigm and Galaxy Digital. Regional players are Hashed and Kenetic Capital. Emerging players are CMT Digital, 1confirmation and Electric Capital.
Does The Spartan Group have an API?
No public API is recorded for The Spartan Group.
What industry is The Spartan Group in?
The Spartan Group's product category is Web3 Investment and Advisory Services. Its primary akta.pro industry code is FSAHAFAA, Multi-Strategy — Multi-Manager Platform (Pods). Its NAICS code is 523940 and its SIC code is 6211.