Susquehanna Venture Capital

What Susquehanna Venture Capital does

Susquehanna Venture Capital, also operating as SIG Venture Capital and Susquehanna Asia VC, is the venture capital arm of Susquehanna International Group (SIG) focused on Southeast Asia and India. Founded under SIG's broader Asia investment programme that began in 2005 in China and expanded into Southeast Asia around 2015, the firm invests proprietary capital from SIG rather than external fund commitments, allowing it to operate without fixed fund-life constraints or forced exit timelines. It targets startups from seed through pre-IPO, with a current emphasis on Series A to growth-stage rounds across India, Indonesia, Singapore, and other Asian markets, supported by regional offices in Hong Kong, Singapore, Bengaluru, and Jakarta, and a team of 20+ investment and operations professionals.

The firm deploys capital across a horizontal portfolio spanning fintech, travel tech, home services, AI, devotional tech, logistics, e-commerce enablement, and B2B software. Notable recent investments include Snabbit ($56M Series D), Atlys ($36M Series C), AppsForBharat (₹175 crore Series C), Zenskar ($15M Series A), GobbleCube ($15M Series A), Skydo ($10M Series A), and Gushwork AI ($9M seed). Beyond capital, the firm positions itself as a hands-on partner providing go-to-market acceleration, M&A guidance, strategic planning, and exit management, while offering portfolio companies access to the broader SIG ecosystem including SIG China (350+ companies, 70+ exits), Susquehanna Growth Equity (SGEP) for US/Israel software, SIG Japan, and Heights Capital.

The business model generates revenue through investment returns realised via portfolio exits (M&A and IPOs) and through fund-management economics on proprietary capital deployed by SIG. Pricing is not charged to portfolio companies; returns depend on exit timing and valuations. The firm is privately held as part of SIG and does not disclose stand-alone revenue or ARR.

Name

Susquehanna Venture Capital

Legal name

Susquehanna International Group, LLP

Website

https://sig-asiavc.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Susquehanna Venture Capital is the Southeast Asia and India venture capital arm of Susquehanna International Group, deploying proprietary patient capital from seed through pre-IPO across Asian startups with a horizontal thesis spanning fintech, AI, consumer, and B2B software.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity

NAICS

All Other Financial Investment Activities (52399), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

akta.pro secondary industry

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

Keywords

• Venture capital investing
• Growth equity funding
• Startup investment capital
• Private equity Asia
• Portfolio company support

Headquarters

HQ city

Central

HQ country

Hong Kong SAR China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investment Returns: Realizes returns through exits of portfolio companies via M&A and IPOs. The firm has achieved over 70 exits in China and multiple exits across Southeast Asia and India.
2. Management Fees and Carried Interest: Standard VC revenue model from managing proprietary capital from Susquehanna International Group

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Susquehanna Venture Capital (operating as SIG Venture Capital / Susquehanna Asia VC) deploys proprietary capital from Susquehanna International Group to provide venture capital funding and strategic support to startups across Asia from Series A through IPO. The firm invests without fixed time horizons or fund lifecycle constraints and supplements capital with post-investment growth acceleration services including go-to-market strategy, M&A guidance, and operational support.

Product overview

Susquehanna Venture Capital (operating as SIG Venture Capital/SVC) is a venture capital investment firm that deploys proprietary capital from Susquehanna International Group to support Asian startups. Rather than a product company with modules, it offers investment capital paired with growth acceleration services and access to the SIG family of funds for portfolio companies at various stages of growth.

Differentiator

Problem solved

Functional benefit

Brands

• Susquehanna Growth Equity (SGEP): A fund within the SIG family established in 2006, investing in software and information services, offering growth stage funding to companies operating in the US and Israel.
• SIG China
• SIG Japan
• Heights Capital Management

Products and services

• Venture Capital Investment Services
• Growth Acceleration Services
• SIG Family Network Access

Quantifiable outcome

• 350+ companies invested throughout Asia
• +4 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Peak XV Partners: Peak XV (formerly Sequoia Capital India/SEA) is the dominant India and Southeast Asia venture franchise, investing across seed to growth stages. It co-invests with Susquehanna in marquee India deals such as Atlys and AppsForBharat and competes for the same founder relationships and lead slots.
• Elevation Capital: Elevation Capital is a leading India-focused early-to-growth venture firm that has co-invested with Susquehanna in Skydo, Atlys, and AppsForBharat. It targets similar Series A and B consumer and SaaS opportunities across India and competes directly for founder mindshare.
• InfoEdge Ventures: InfoEdge Ventures is the venture arm of InfoEdge (Naukri parent), investing in early-stage Indian tech and consumer startups. It participated in GobbleCube's Series A alongside Susquehanna and competes for similar founder-led Series A deals.
• Lightspeed Venture Partners: Lightspeed operates a substantial India and SEA practice and participated in Gushwork AI alongside Susquehanna. It competes for similar Series A and B consumer and SaaS deals and brings comparable global stage coverage.
• Stellaris Venture Partners: Stellaris is an India-focused seed and Series A venture firm that co-invested in Nestasia with Susquehanna Asia VC. It competes for the same Indian early-stage consumer and SaaS founders.
• Bessemer Venture Partners: Bessemer is a global venture firm with a strong India practice that co-led Zenskar's Series A alongside Susquehanna and also participated in Elly. It is a direct peer for cloud and B2B SaaS investments across India and SEA.
• Bertelsmann India Investments: Bertelsmann India Investments is the venture arm of Bertelsmann, focused on India tech and digital media. It co-led Snabbit's Series D alongside Susquehanna, directly competing for growth-stage India investments.
• Mirae Asset Venture Investments: Mirae Asset is a Korea-headquartered venture and growth investor with active India and SEA operations, co-leading Snabbit's Series D with Susquehanna. It is a direct peer for growth-stage India consumer and tech investments.

Broad incumbents

• SIG China: SIG China is the sister fund under the same Susquehanna International Group umbrella, having invested in 350+ Chinese companies with 70+ exits. While it operates in a different geography, it shares capital, deal sourcing, and post-investment infrastructure with Susquehanna Asia VC and is the largest comparable investor within the SIG family.
• Susquehanna Growth Equity (SGEP): SGEP is the US/Israel growth equity arm of Susquehanna International Group, investing in software and information services. It is a peer within the SIG family focused on later-stage growth equity in Western markets, providing cross-border capital pathway for Asian portfolio companies expanding internationally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/susquehanna-asia-vc

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

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

M&A

Investments14 records

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

Frequently asked questions about Susquehanna Venture Capital