GenAI Fund

What GenAI Fund does

GenAI Fund is Southeast Asia's first AI-focused venture fund and innovation platform, founded in 2024 and headquartered in Vietnam with operational hubs in Singapore and Kuala Lumpur. The firm operates a venture-builder model that maintains a curated database of 1,000+ vetted generative AI startups across ASEAN and connects early-stage AI companies with enterprise partners through structured programs. Core offerings include the FastTrack AI Accelerator (which has allocated $6 million to six startups in its initial cohort), GenAI Open Innovation (enterprise-startup PoC matchmaking that initiated 5 PoCs and matched 25 startups in its inaugural 2024 Singapore run), GenAI Builders Meetup community series, the Wash3000 venture-building program with Tasco, the ASEAN GenAI Startup Report, the Global Shinhan InnoBoost open innovation program, and the LotusHacks AI hackathon. The technology approach is platform-mediated — built around the app.genaifund.ai matchmaking portal and proprietary program frameworks — rather than proprietary AI product development.

The revenue model is venture-capital rather than SaaS-based. Returns are generated through equity appreciation and exit events from portfolio investments, accelerator management fees and potential carried interest from the $6M FastTrack AI deployment, open innovation program facilitation from enterprise sponsors, and possible co-investment or M&A advisory. Go-to-market is event-driven and community-led, anchored on hackathons (LotusHacks 2026, 1,500+ attendees from 30 countries), build days, expert webinars, and enterprise-anchor-hosted meetups across Vietnam, Singapore, Malaysia, and Australia. Strategic enterprise anchor partnerships — Tasco, Shinhan Financial Group, Julius Baer, HSBC Innovation Banking, Chin Hin Group, Pharmacity, and Sunwah Group — provide demand-side distribution, while technology partnerships with NVIDIA, AWS, Alibaba Cloud/Qwen, OpenAI, Google Cloud, and Databricks grant portfolio startups access to frontier-model access, cloud credits, and infrastructure.

The firm addresses three primary customer segments: AI-first startups seeking capital, enterprise pilots, and market access; enterprises, governments, and institutions seeking curated AI innovation pipelines; and ecosystem leaders requiring AI adoption research. Leadership comprises partners with operating backgrounds at AWS, CARSOME, HDFC, Sprout Solutions, and Beenext, supplemented by advisors from INSEAD and HKU Business School. GenAI Fund is privately held; ownership, LP composition, and fund size are not publicly disclosed. The operational footprint expanded materially across geographies, programs, and partnership relationships in 2025-2026, though the firm remains in early commercialization with no disclosed revenue or AUM figures.

Name

GenAI Fund

Legal name

GenAI Fund

Website

https://genaifund.ai/

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

GenAI Fund is Southeast Asia's first AI-focused venture fund that connects early-stage AI startups with enterprises through accelerators, open innovation programs, hackathons, and venture-building initiatives across Vietnam, Singapore, Malaysia, and Australia.

Ownership category

akta.pro rank

Product category

Venture Capital and AI Innovation Platform

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYEDABAFAE

Data Science, Machine Learning & AI (Modeling, MLOps, GenAI)

Education/Corporate Training & Professional Development/Technical & IT Skills Training

SECONDARYBPAEANAH

Data, Analytics & AI Training (BI, Data Engineering, ML/GenAI)

Business & Public Services/IT & Digital Services (Managed Services, Systems Integration)/IT Training & Technical Enablement Services

Keywords

• Venture capital investing
• AI startup accelerator
• Open innovation programs
• Enterprise AI matching
• Venture building

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Venture Capital Returns: GenAI Fund invests as early as possible in AI-first technology companies in SEA, iterating through product, market, and technology strategy from day 1. Returns are generated through equity appreciation and exit events (M&A, IPO).
2. Accelerator Program Management: FastTrack AI Accelerator provides cloud credits, technical support, and enterprise partner access to portfolio startups, generating management fees and carried interest from successful investments.
3. Open Innovation Program Fees: GenAI Open Innovation bridges enterprises with startups for PoC development. The program may facilitate investment, co-investment, or M&A for successful collaborations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

GenAI Fund is a Vietnam-based venture fund and innovation platform that invests as early as possible in AI-first technology companies across Southeast Asia. Beyond capital, it operates structured accelerators (FastTrack AI), open innovation programs that match startups to enterprise use cases (GenAI Open Innovation), venture-building programs (Wash3000 with Tasco), hackathons (LotusHacks), and a curated matchmaking platform (app.genaifund.ai) backed by a database of 1,000+ vetted GenAI startups.

Product overview

GenAI Fund operates as Southeast Asia's first GenAI-focused venture fund and innovation platform, offering a portfolio of interconnected programs designed to connect AI startups with enterprises. The core offerings include FastTrack AI Accelerator (providing funding and cloud credits to AI startups), GenAI Open Innovation (enterprise-startup PoC matching), and GenAI Builders Meetup (community events). Additional programs include Fintech AI Innovation Grants, Wash3000 (Tasco venture-building), Global Shinhan InnoBoost, and the ASEAN GenAI Startup Report (research). The platform maintains a database of 1,000+ vetted GenAI startups and facilitates multiple pathways for startups to access capital, mentorship, and enterprise partnerships across Vietnam, Singapore, Malaysia, and beyond.

Differentiator

Problem solved

Functional benefit

Brands

• FastTrack AI Accelerator: An accelerator program that supports AI startups in Southeast Asia with cloud credits and technical support.
• GenAI Builders Meetup
• GenAI Open Innovation
• GenAI ASEAN Monthly Newsletter

Products and services

• FastTrack AI Accelerator Southeast Asia-focused accelerator program connecting AI startups with enterprise partners for AI projects. Provides funding (US$6M allocated across six startups), cloud credits, and technical support to facilitate AI adoption across various industries. Targets early-stage AI startups in ASEAN.
• GenAI Open Innovation Initiative empowering enterprises to lead digital transformation through strategic collaborations with innovative GenAI startups. Provides curated startup matching, PoC development support, and access to GenAI Fund's database of 1,000+ startups. Targets large enterprises and government bodies.
• Fintech AI Innovation Grants Grant program supporting fintech AI innovation in Southeast Asia, providing funding and resources to startups developing AI-powered financial technology solutions. Targets AI fintech startups in the region.
• GenAI Builders Meetup (GBM) Grassroots community events bringing together AI founders, engineers, and enterprise leaders across Southeast Asia, Australia, and beyond for practitioner-first conversations about AI deployment. Multiple events hosted across Malaysia, Singapore, Vietnam, and Australia.
• ASEAN GenAI Startup Report Annual research report tracking active GenAI startups across Southeast Asia, providing insights on AI trends, use cases, and the startup ecosystem. Targets ecosystem leaders, policymakers, enterprises, and government institutions.
• Wash3000 Venture Building Program Venture-building program with Tasco focused on building a nationwide network of 3,000 AI-powered smart car wash locations connected to an ecosystem of 4 million VETC users. Provides up to $500,000 in investment potential for successful ventures. Targets founders and startup teams in Vietnam's mobility sector.
• Global Shinhan InnoBoost Open innovation program co-organized with Shinhan Future's Lab Vietnam, connecting Shinhan Financial Group with AI and fintech startups. Offers VND 200M (approx. USD 8,000) cash grants upon successful PoC completion and 11-12 weeks of structured execution. Targets AI and fintech startups across the region.
• Agentic AI Build Week Week-long series of events, workshops, and build sessions for AI founders, builders, investors, and corporate leaders across Southeast Asia with Vietnam as the central hub. Planned for July 8-12, 2026.
• GenAI Fund Expert Series Curated webinar series featuring influential players in the global AI ecosystem. Inaugural session featured Qwen by Alibaba Cloud with 130+ attendees from 16 countries.
• LotusHacks Vietnam's largest AI hackathon co-organized by GenAI Fund. LotusHacks 2026 brought together 1,500+ attendees from 30 countries, 200+ competing teams, with up to US$1M in ecosystem prizes.

Quantifiable outcome

• 600+ meetup attendees in April 2026 alone across SEA Tour
• +4 more outcomes

Named customers19 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability11 records

Feature3 records

Partnerships

20 partnerships are on record, tiered core, flagship and minor.

• Prime Value Asset ManagementcoreGTM or Marketing Partner · 19 May 2026Prime Value Asset Management hosted GenAI Builders Meetup Melbourne, GenAI Fund's first event in Australia, bringing together AI founders, engineers, researchers, enterprise leaders, investors, and students.
• OpenAIcoreStrategic or Co-development Partner · 15 May 2026OpenAI collaborated with GenAI Fund to host The Codex Table, Vietnam's most exclusive AI founders brunch. OpenAI team members Thomas Jeng (APAC Startup Lead) and Tyler Ryu (AI Deployment Engineer, Codex) participated. The event provided $250 in API credits plus ChatGPT Pro for three months to each participant.
• Sunwah Group VietnamcoreGTM or Marketing Partner · 23 April 2026Sunwah Group Vietnam hosted the GenAI Builders Meetup x Qwen x Sunwah Group Vietnam in Ho Chi Minh City, providing venue and support for the final stop of the GBM Qwen SEA Tour with 170+ registrations for 30 spots.
• Alibaba CloudcoreTechnology or Integration · 21 April 2026Alibaba Cloud partnered with GenAI Fund for Qwen AI Build Day Vietnam and Alibaba Cloud SME AI Growth Day Vietnam 2026. The partnership brought Qwen's AI capabilities to Vietnam's builder community, with Alibaba Cloud providing technology access and GenAI Fund organizing the event ecosystem.
• Qwen (Alibaba Cloud)coreTechnology or Integration · 21 April 2026Qwen by Alibaba Cloud is the primary technology partner for GenAI Fund's SEA Tour across Malaysia, Singapore, and Vietnam. The partnership powered Qwen AI Build Day Vietnam (first of its kind globally), GBM Qwen SEA Tour events, and Expert Series webinars.
• Julius BaercoreGTM or Marketing Partner · 8 April 2026Julius Baer hosted GBM x Qwen x Julius Baer in Singapore, bringing together 40+ builders, founders, and finance professionals to discuss AI adoption in private banking, compliance, cybersecurity, and enterprise workflows.
• HSBC Innovation Banking SGcoreGTM or Marketing Partner · 8 April 2026HSBC Innovation Banking SG hosted GBM x HSBC in Singapore, bringing together 50+ founders, engineers, and enterprise leaders focused on AI adoption in financial services.
• Chin Hin Group BhdcoreStrategic or Co-development Partner · 6 April 2026Chin Hin Group Bhd served as the enterprise anchor partner for the GenAI Builders Meetup Kuala Lumpur on April 6, 2026. The Malaysian conglomerate hosted 45+ builders and enterprise leaders at its Learning Hub, demonstrating active interest in AI adoption across its businesses in software, real estate, healthcare, finance, and automotive sectors.
• Shinhan Future's Lab VietnamcoreStrategic or Co-development Partner · 1 April 2026Shinhan Future's Lab Vietnam co-organizes Global Shinhan InnoBoost 2026 with GenAI Fund, an open innovation program targeting 32 use cases across banking, finance, securities, and life insurance. The program received 606+ proposals from 211+ startups.
• TascoflagshipStrategic or Co-development Partner · 20 March 2026Tasco is GenAI Fund's flagship venture-building partner. The Wash3000 program aims to build a nationwide network of 3,000 AI-powered smart car wash locations connected to an ecosystem of 4 million VETC users. The partnership includes potential investment of up to $500,000 for successful ventures.
• PharmacitycoreGTM or Marketing Partner · 10 February 2026Pharmacity co-hosted the GenAI Builders Meetup at its headquarters in Ho Chi Minh City, bringing together 30+ builders, founders, and enterprise leaders from healthcare, FMCG, AI infrastructure, and fintech sectors.
• ZalocoreStrategic or Co-development Partner · 15 January 2026Zalo signed a strategic partnership with Tasco at Innovation Day 2026 to connect mobility services with millions of users, facilitated by GenAI Fund's ecosystem connections.
• BytePluscoreStrategic or Co-development Partner · 15 January 2026BytePlus signed a strategic partnership with Tasco at Innovation Day 2026 to bring world-class AI technology to the automotive sector, facilitated through GenAI Fund's innovation ecosystem.
• ASEAN Enterprise PartnerscoreStrategic or Co-development Partner · 12 November 2025GenAI Fund's FastTrack AI Accelerator connects startups with enterprise partners for AI projects. The $6M allocation supported six startups through the ASEAN accelerator program with extensive resources including cloud credits and technical support.
• Singapore Economic Development Board (EDB)coreGTM or Marketing Partner · 10 April 2025EDB Assistant Vice President Wee Kim Tan served as host for GenAI Open Innovation Singapore, signaling government support for enterprise AI adoption in Singapore.
• Google CloudcoreTechnology or Integration · 10 April 2025Google Cloud is listed as a supporting partner for GenAI Open Innovation. Fannie Soubiele (Head of Venture Capital BD, SEA, Google Cloud) participated as host and panel speaker. Yann AïtBachir (AI Specialist, Google Cloud) served as panel discussion moderator.
• DatabrickscoreTechnology or Integration · 10 April 2025Databricks is a supporting partner for GenAI Open Innovation Singapore. Simon Peter Johnston (Director, AI APJ, Databricks) served as panel speaker and highlighted the importance of community knowledge sharing.
• ACE (Singapore)minorGTM or Marketing Partner · 10 April 2025ACE serves as community partner for GenAI Open Innovation Singapore, supporting ecosystem engagement and networking.
• NVIDIAcoreTechnology or IntegrationNVIDIA partners with GenAI Fund through the NVIDIA Inception Program, which supports AI startups with access to cutting-edge technology, experts, and marketing support. LIFE AI was selected as the inaugural startup for the FastTrack AI Accelerator powered by GenAI Fund and NVIDIA Inception Program.
• AWS (Amazon Web Services)coreTechnology or IntegrationAWS is listed as a community partner of GenAI Fund. The partnership provides startups with access to cloud credits, technical support, and AWS's startup ecosystem resources. Multiple team members (Girish Patil as Advisor, My Nguyen as Technical Venture Partner) have AWS backgrounds.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Plug and Play: Global innovation platform and accelerator with corporate partnership programs and startup matchmaking at scale. Comparable for its enterprise-startup matching model and corporate anchor partnerships that mirror GenAI Open Innovation.
• 500 Global: Global venture firm and accelerator operating multiple programs across emerging markets. Comparable as a broader incumbent running accelerator cohorts and seed programs, though at much larger scale and not AI-focused.

Direct peers

• Antler: Global early-stage VC and accelerator with significant SEA presence. Comparable for its founder-first, cohort-based program model and emphasis on Day 1 investing, paralleling GenAI Fund's 'invest as early as possible' approach.
• Beenext: Singapore-headquartered VC with a portfolio spanning SEA and India tech startups. Comparable as a regional venture investor with active engagement in founder communities — GenAI Fund's CFO previously held a venture role at Beenext.
• Wavemaker Partners: SEA-focused early-stage VC with offices across the region. Comparable as a multi-stage regional VC pursuing both financial returns and ecosystem development, mirroring GenAI Fund's venture-plus-platform approach.
• Golden Gate Ventures: Early-stage venture capital firm investing in Southeast Asian technology startups. Comparable as a SEA-focused VC with both fund management and ecosystem/community-building activities that overlap with GenAI Fund's model.
• Monk's Hill Ventures: Singapore-based early-stage VC focused on technology startups across Southeast Asia. Directly comparable as a SEA-dedicated tech VC with a strong founder network — GenAI Fund's CFO Magdalene Choong previously held a key role at Monk's Hill Ventures, evidencing operational overlap.
• Iterative: SEA-based accelerator supporting early-stage founders. Directly comparable as an accelerator program in the same region — GenAI Fund's CFO Magdalene Choong most recently worked with Iterative, indicating close programmatic similarity.

Regional players

• Cradle Fund: Malaysian government-linked early-stage investor and grant provider. Comparable as a regional ecosystem builder and early-stage capital partner — explicitly listed as a GenAI Fund partner for Malaysia operations.

Emerging players

• AI Singapore: National AI program driving AI adoption, research, and talent development in Singapore. Comparable as an AI ecosystem builder with enterprise matching, talent programs, and research output that overlaps with GenAI Fund's enablement mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/genai-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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

M&A

Investments9 records

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

Frequently asked questions about GenAI Fund