What Trihill Capital does

Trihill Capital is a Singapore-headquartered multi-asset investment firm founded in 2018 that deploys its own capital into early- and growth-stage companies across Southeast Asia alongside global public equities. The firm operates without external LP capital, partnering with founders through tailored equity and debt solutions and positioning itself as an execution partner that provides strategic guidance, commercial introductions, hiring support, and back-end operational help beyond funding. Its disclosed portfolio spans more than 27 companies across consumer/F&B (Se'Indonesia, UENA, FIT HUB, hiboo, URU, SEVEN Retail Group), financial services (wagely, BukuWarung, Finku, Makmur, Fundiin, Aman, Brick), agriculture (Eratani, EdenFarm, PasarMIKRO), logistics (Fresh Factory, SiCepat Ekspres, Luwjistik), education (Ruangguru, Zenith Learning Group, Pilot Global), healthcare (Homage), SaaS (Opaper, Luwjistik), and media (HaluApp, Pathao).

Geographically, the firm concentrates on Indonesia with selective exposure to Singapore, Vietnam, Malaysia, Bangladesh, and Australia, and frequently co-invests with a recurring syndicate that includes 1982 Ventures, Capria Ventures, Global Founders Capital, Clay Capital, ADB Ventures, Integra Partners, and Insignia Ventures Partners. Deal sourcing is driven by partner-led networks, panel participation at DealStreetAsia, CNBC, and IndigoSpace events, a self-serve Typeform pitch form on the firm website, and podcast appearances. The leadership team is led by Founding Partner Anthony Tjajadi, with Jesslyn Gunawan serving as a public-facing representative; headcount is reported at 11-50 employees.

The firm's revenue model is investment return-driven rather than fee-driven: because Trihill does not raise external capital, income derives from equity and debt investment outcomes rather than management fees, and only one completed exit is publicly disclosed (Opaper's January 2025 acquisition by PT Elektronik Distribusi Otomatisasi Terkemuka). The firm has no disclosed proprietary technology stack, AI/ML capability, patents, or regulatory certifications; its intangible value sits in network access, regional reputation, and the operating support it provides portfolio founders.

Name

Trihill Capital

Legal name

Trihill Capital

Website

https://trihillcapital.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Trihill Capital is a Singapore-based, self-funded multi-asset investment firm that deploys its own capital into early- and growth-stage companies across Southeast Asia (Indonesia-led) alongside global public equities, providing hands-on execution support to founders across consumer, fintech, agritech, logistics, and education verticals.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity Investment

NAICS

Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Venture capital investing
• Private equity
• Growth-stage investments
• Southeast Asia ventures
• Multi-asset investments

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Returns: Trihill Capital generates returns through equity and debt investments in portfolio companies. They partner with ambitious businesses through tailored equity and debt solutions, providing capital to early-stage and growth-stage companies in Southeast Asia.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Trihill Capital is a multi-asset investment firm that deploys its own capital into early-stage and growth-stage companies across Southeast Asia (primarily Indonesia) and invests in global public equities. It partners with founders through tailored equity and debt solutions, providing strategic guidance, mentorship, commercial partnership support, and access to a network of seasoned experts and industry leaders.

Product overview

Trihill Capital is a Southeast Asia-focused multi-asset investment firm providing venture capital and public equity investment services. They partner with ambitious businesses through tailored equity and debt solutions for early- and growth-stage companies. Their portfolio spans multiple sectors including Consumer (FIT HUB, hiboo, SEVEN Retail Group, URU, Open Concept Group, Se'Indonesia, UENA), Financial Services (Brick, Makmur, Fundiin, Finku, Aman, wagely, BukuWarung), Agriculture (EdenFarm, Eratani, PasarMIKRO), Health & Wellness (FIT HUB, hiboo, Aman, Homage), Education (Pilot Global, Ruangguru, Zenith Learning Group), Logistics (Fresh Factory, SiCepat Ekspres, Luwjistik), SaaS (Opaper, SoBanHang, Luwjistik), and Media & Entertainment (HaluApp, Pathao).

Differentiator

Problem solved

Functional benefit

Products and services

• Early-Stage Venture Capital Investment Equity and debt capital investment in early-stage companies across Southeast Asia (with primary focus on Indonesia), supporting founders from seed stage through initial scaling. Includes strategic mentorship and access to the firm's founder network.
• Growth-Stage Venture Capital Investment Equity and debt capital investment in growth-stage companies in Southeast Asia, providing follow-on funding, strategic guidance, commercial partnership support, and expert hiring assistance.
• Global Public Equities Investment Investment management in global public equities, complementing the firm's private venture capital activities as part of its multi-asset strategy.
• Strategic Mentorship and Execution Partnership Hands-on strategic guidance, mentorship, commercial partnership introductions, back-end operations support, and expert hiring assistance provided to portfolio companies throughout their lifecycle from seed to global enterprise.

Quantifiable outcome

• Portfolio companies report faster decision-making, clearer strategic direction, and scaled operations with confidence.

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Y-CombinatorcoreStrategic or Co-development PartnerFresh Factory, a Trihill Capital portfolio company, was part of Y-Combinator. The YC stamp of approval has helped Fresh Factory engage with early-stage VCs and provided valuable insights into building and scaling a startup.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Monk's Hill Ventures: Singapore-headquartered early-stage VC focused on SEA founders across multiple sectors. Closely comparable geography and stage to Trihill.
• Intudo Ventures: Indonesia-focused early-stage venture capital firm that invests in category-defining companies. Highly comparable to Trihill in geography (Indonesia), stage (early), and multi-sector approach; Trihill and Intudo have co-hosted investment outlook panels.
• AC Ventures: Indonesia-focused early/growth-stage VC backing tech-enabled businesses. Closely comparable to Trihill's Indonesia-centric, sector-diversified early-stage strategy.
• East Ventures: One of the largest and most active SEA VCs with deep Indonesia presence. Compares to Trihill as a sector-diversified early-stage SEA investor, though with substantially greater AUM and team scale.
• Alpha JWC Ventures: Indonesia and SEA early-stage VC focused on tech-enabled businesses across consumer, fintech, and SaaS. Directly comparable in stage and geographic focus to Trihill.
• Skystar Capital: Indonesia-focused early-stage VC investing across consumer, fintech, and agritech. Trihill and Skystar have co-hosted investment outlook panels, evidencing tight comparability.
• Openspace Ventures: SEA-focused VC investing in early/growth-stage companies across fintech, consumer, and SaaS. Comparable in geographic focus and stage, though at typically larger check sizes.
• Insignia Ventures Partners: Early/growth-stage SEA VC investing across consumer, fintech, and SaaS. Trihill has co-invested alongside Insignia (e.g., Se'Indonesia), evidencing direct comparability.
• Wavemaker Partners: SEA and US early-stage VC investing across consumer, fintech, and enterprise. Trihill has co-invested with Wavemaker in FIT HUB, evidencing direct comparability.
• Golden Gate Ventures: Singapore-based early-stage VC focused on SEA founders across multiple verticals. Comparable geography, stage, and multi-sector approach to Trihill.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/trihill-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments25 records

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

Frequently asked questions about Trihill Capital