- Will oversee investments specializing in seed stage
- Brings over a decade of multi-industry expertise, networks in SEA
East Ventures, a pioneering sector-agnostic enterprise capital agency that has supported over 250 tech firms throughout Southeast Asia, introduced that Wesley Tay joins East Ventures as its new principal.
In an announcement, the agency stated Tay will oversee the investments specializing in the seed stage, and might be primarily based in Singapore.
It stated Tay brings over a decade of multi-industry expertise and networks in Southeast Asia to the East Ventures group. Most lately, he was a member of the Singapore Financial Improvement Board (EDB)’s company administration management, the place he spearheaded investments and strategic initiatives within the New Ventures and Enterprise Capital Division.
Previous to that, Tay additionally labored at Pavilion Capital, a Temasek subsidiary targeted on Asia personal fairness and enterprise capital the place he specialised in direct and fund investments in Southeast Asia, with a deal with Singapore, Indonesia, Vietnam, and Philippines.
Beforehand whereas being primarily based in Jakarta from 2014 to 2019, he additionally headed up EDB’s Southeast Asia and Indonesia operations, which facilitated capital, know-how, and funding flows throughout the area.
Willson Cuaca, co-founder and managing associate at East Ventures stated as East Ventures enters the brand new 12 months, we’re glad to welcome Tay to additional strengthen the agency in empowering the tech and digital ecosystem throughout Southeast Asia.
“Tay has all the time been a part of the household, and we’re excited to work much more intently in addressing the alternatives forward,” he added.
In the meantime, Tay stated he witnessed first-hand how East Ventures below Cuaca’s management has grow to be the main enterprise capital platform in SEA.
“I’m actually honored to be a part of the agency and sit up for writing the following chapter of Indonesia and Southeast Asia’s tech story alongside the group, our associates, and companions,” he added
Tay holds a Bachelor’s diploma with Honours in Economics from the London College of Economics and a Grasp’s diploma with Distinction in Center Japanese Research from the College of Oriental and African Research, College of London.
