About Us

Who We Are?

Gobi Partners is a leading Asia-focused venture capital firm with US$1.6 billion in assets under management (AUM), headquartered in Kuala Lumpur and Hong Kong. Founded in 2002, Gobi now has a network of 15 locations, raised 19 funds and invested in over 380 startups. The firm supports entrepreneurs from early to growth stages, with a particular focus on emerging markets.

Gobi's core mission includes empowering underserved entrepreneurs, promoting gender equality and circular economy initiatives, driving innovation in new markets and technologies, and nurturing entrepreneurial ecosystems. As a UN Global Compact Participant, Gobi aligns its strategies with universal principles on human rights, labour, environment, and anti-corruption.

Values

We Strive

to uplift people across gender, race, religion and ethnicity in emerging markets beyond the continent. We are committed to improving ourselves as well as our community around us.

We Believe

in connecting entrepreneurial ecosystems, one emerging market at a time. We believe in entrepreneurs in Asia and their ability to empower communities and address socio-economic issues, given the opportunity and capital to do so.

We Invest

in diverse sectors and founders, supporting female leaders, promoting gender equality and the Muslim economy.

Our Entrepreneurs

are often pioneers or first movers in new markets and technologies, carving their own niches to solve Asia’s greatest challenges. Our entrepreneurs constantly thread new paths and break new ground, backed by Gobi’s Pan-Asian network of investors, startups, public and private sector partners.

Our Portfolios

create thousands of jobs, uplift their local communities and reach millions of people across the continent each year.

We Are Privileged

to work with entrepreneurs, governments, corporates, investors and NGOs to bring the best ideas to life.

Timeline

  • 2002–2008

    • Thomas G. Tsao founded Gobi Partners in Shanghai, becoming one of the first international VC firms on the ground in China. The firm took its name from the Gobi Desert — a nod to silicon, the raw material powering tech.
    • Opened its first office at CITIC Square and launched an incubator in Zhangjiang.
    • Survived two global crises: SARS (2002–2004) and the Great Recession (2007–2009).
    • Raised US$151 million Gobi Fund II and RMB150 million Hitech Fund, becoming the first foreign VC to launch an RMB-denominated fund with Tianjin city government.
    • Joined a seminal gathering of Silicon Valley’s top 25 VCs hosted by Silicon Valley Bank in Beijing.
    • Produced the world’s first subway soap opera, starring Huang Xiaoming and sponsored by Starbucks.

  • 2009–2014

    • 2009: Invested in Tuniu (later listed on Nasdaq) and sold DMG to VisionChina Media for US$160 million.
    • 2011–2013: Entered Malaysia and Indonesia; backed CIB Development, Apps Foundry, and Indonesian news app BaBe (later acquired by ByteDance).
    • 2012: Secured funding from China’s NDRC for the Yingzhi Fund.

  • 2015–2017

    • 2015: Became the first VC appointed by Alibaba to manage its HK$1 billion Hong Kong Entrepreneurs Fund. Expanded into Thailand with Eko Communications.
    • 2016: Launched the ASEAN SuperSeed Fund with Mavcap; backed Carsome, GoGoX, Airwallex, and Tripfez.
    • Coined “TaqwaTech” to drive investments into the global Muslim economy.
    • 2017: Entered the Philippines via Deliveree; invested in WeLab and Prenetics — both reached unicorn status. Launched the Meranti ASEAN Growth Fund and became ASEAN’s second most active VC.

  • 2018–2020

    • 2018: Committed US$50 million to women-led startups via The Billion Dollar Fund for Women. Entered Pakistan and MENA; launched Gobi-Agung (Indonesia), Gobi-Core (Philippines), and backed Sastaticket.pk.
    • 2019: Formed Fatima Gobi Ventures (FGV); launched the US$20 million Techxila Fund I; invested in AutoX, Maria Health, Edukasyon.ph, and launched Malaysia SuperSeed Fund II.
    • 2020: Signed the UN Women’s Empowerment Principles; hosted Malaysia’s largest VC-led startup competition (SuperSeed II Championship); invested in Tajir and Inventhub; joined the Malaysian Sustainable Finance Initiative.

  • 2021

    • Celebrated four new unicorns: Carsome, Animoca, Amber Group, and Prenetics.
    • Kumu became the Philippines’ first Series C startup, exceeding US$100 million in funding.
    • Portfolio companies raised US$2.5 billion across 48 uprounds.
    • Co-hosted the Asia Gender-Lens Investing Forum with UN Women and became a participant of the UN Global Compact.
    • Surpassed US$50 million pledge to women founders.
    • Published the Gobi-Core Philippines Startup Ecosystem Report.
    • CDC Group (UK) anchored the oversubscribed Techxila Fund I.

  • 2022

    • Appointed Carlo Chen-Delantar as Head of ESG.
    • Released the firm’s inaugural Sustainability Report.
    • Marked its 20th anniversary, celebrating two decades of impact in emerging Asia.
    • Named Investor of the Year at the Global Startup Awards.

  • 2023

    • Expanded Greater Bay Area footprint, doubling assets under the Alibaba Entrepreneurs Fund GBA to US$256 million, making Gobi the sole GP.
    • Welcomed Care Concierge to the Dana Impak Fund to scale senior healthcare services in Malaysia.
    • Collaborated with Khazanah Nasional’s Dana Impak Programme to link Malaysian startups to global markets.
    • Invested in four standout Malaysian startups: Durioo+, Lapasar, Paywatch, and pitchIN.
    • Gobi-Core Philippine Fund accredited as a Co-Investment Partner by the government’s Startup Venture Fund.

  • 2024–2025

    • Launched Techxila Fund II (US$50 million); signed MoU with Bank of Punjab to boost Pakistani entrepreneurship.
    • Invested in Funding Societies to scale fintech and SME financing across Southeast Asia.
    • Invested in SkyeChip, a Malaysian semiconductor integrated circuit (IC) design company, through the Khazanah Nasional-backed Gobi Dana Impak Fund and regional funds.

Environmental, Social and Governance

As stewards of this planet, we have the responsibility to preserve the planet for generations to come. We see venture capital as a force for good and an opportunity to inspire sustainable actions and solutions across our portfolio companies.

We invest in the most talented, diverse entrepreneurs who create the greatest social value for underserved markets. Through a strong ESG foundation, these companies not only positively transform ecosystems but are also resilient and deliver positive returns to our investors.

Integrating good ESG practices into the strategy and operations of early-stage startups is fundamental for a company's sustainable growth. Companies with good ESG principles not only see better employee retention, but also enhance their value to customers, stakeholders and investors.

Framework

As a participant of the United Nations Global Compact (UNGC) and a signatory of the Women’s Empowerment Principles (WEPs) by UN Women, we use international sustainability standards for our ESG framework from the UNGC, Global Reporting Initiative (GRI), International Labor Organization (ILO) Multinational Enterprises (MNE) Declaration and United Nations Universal Declaration of Human Rights (UDHR).

Gobi’s ESG framework ensures our investments remain socially responsible and are consistent with the best practices across the venture capital industry. During the pre-investment stage, companies are screened against our exclusion mandate based on the International Finance Corporation’s (IFC) Performance Standards and Corporate Governance Methodology and extensive due diligence of ESG risks and opportunities are performed.

Post-investment, our monitoring teams ensure value creation through tracking and measuring key ESG factors that are most material and customized to each company. We see this as not only a moral imperative, but a competitive advantage in long-term financial sustainability and resiliency for entrepreneurs.

Criteria

Diversity, Equity, and Inclusion

At Gobi, we have two investment themes in support of diversity and underserved markets: TaqwaTech and Women Founders.

Inclusion

We coined the term TaqwaTech in 2016 to represent investments into Islamic ventures and the Muslim economy. TaqwaTech recognizes the lack of opportunities and inclusion faced by entrepreneurs from Muslim-majority nations or startups catering to the close to two billion Muslim adherents globally.

Through the TaqwaTech vertical, Gobi hopes to invest in underserved entrepreneurs and innovators in emerging markets, including:

  • Entrepreneurs building tech-driven products or services for the Halal economy (HolidayMe, Tripfez)
  • Entrepreneurs building tech-driven products or services that serve majority Muslim economies (Melltoo: UAE, Airlift: Pakistan)
  • Muslim entrepreneurs building technology-driven products or services that serve global market (Aerodyne)

Kamarul Mohamed

Digvijay Pratap & Geet Bhalla

Morad Irsane & Sharene Lee

Gender equality

Throughout our ESG-driven pre-investment and investment processes, Gobi’s commitment to ensuring diversity in voices and inclusive management teams has resulted in Women Founders being at the forefront of our portfolio companies.

  • 31% of Gobi ASEAN's portfolio companies were led by women founders, with 51% of C-suite management level positions filled by women.
  • Women founders backed by Gobi are present in diverse markets: Malaysia, Singapore, Indonesia, Thailand, Vietnam, and China.
  • Gobi has guided women-founded and women-led startups from funding to unicorn status [Airwallex], exit [Favful], up-rounds [DayDayCook] and even pivoting their business models [Travelio].

Lucy Liu

Norma Chu

Christina Suriadjaja

Emerging markets

In seeking untapped reserves of talent and opportunity, we have found our most exciting startups and most innovative entrepreneurs in emerging markets. These bold founders are constantly finding unique solutions to their communities' most pressing issues. Throughout our ESG-driven pre-investment and investment processes, Gobi’s commitment to ensuring diversity in voices and inclusive management teams has resulted in Women Founders being at the forefront of our portfolio companies.

  • In the Philippines where only 2% of households have private insurance, Maria Health is helping democratize the archipelago nation’s health insurance marketplace. The insurtech offers individuals access to plans offered by the same insurers and health maintenance organizations that cover employees at large corporations.
  • In Pakistan, Tajir is revolutionizing and streamlining a highly informal and fragmented retail economy where 91% of retail flows through ‘mom-and-pop’ stores’. The B2B e-commerce marketplace offers competitive prices, a large selection of products, and next-day delivery to its 15,000 micro-SME customers

 

ESG Leadership

Our ESG policies are integrated with dedicated team leaders from diverse cultures, geographies and professional roles to keep ESG at the heart of our operations.

ESG Committee

Gobi’s dedicated ESG Committee meets quarterly to set the overall direction for ESG policy and strategy across all aspects of the business, including our portfolio companies. Its members include:

ESG Partnerships

Gobi actively develops and integrates its ESG policies in partnership with international and regional sustainability organizations to ensure community impact, accountability and transparency.

October 2018

The Billion Dollar Fund (TBDF)

Gobi pledged to invest US$50 million in businesses established by women, as part of a global consortium of venture funds committed to addressing the investment gap and investing US$1 billion by 2020 in women-founded companies.

April 2019

She Loves Tech

Gobi is an international organizing partner for world's largest startup competition for women and tech, hosting local competitions for Thailand, Vietnam, and Cambodia, and providing advocacy and capacity-building support for the Southeast Asia region as ambassadors, judges, mentors, and speakers.

April 2020

Karandaaz

Gobi signed an MOU with Karandaaz Pakistan to facilitate deal referrals, co-investment and investment management for a portfolio of women-owned and managed businesses through the Women Ventures program.

December 2020

Malaysian Sustainable Finance Initiative (MSFI)

Gobi has committed to investing in the sustainability sector and engaging in capacity building, upskilling, awareness and thought leadership on financing green or sustainable projects.

April 2021

Women’s Empowerment Principles (WEPs) by UN Women

Gobi signed an MOU with UN Women to establish collaborative activities in advancing women’s economic empowerment (WEE) and women in leadership roles in Southeast Asia with the joint development of an ecosystem that champions women entrepreneurs, women-led businesses, and businesses that have a gender lens.

May 2021

UN Global Compact (UNGC)

Since May 2021, Gobi has been committed to the United Nations Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption.

June 2021

CodeGirls

Gobi has signed an MOU to conduct joint training and recruitment activities, and support in sponsoring and nominating candidates to the CodeGirls program, a community-funded coding boot camp for girls, based in Karachi, Pakistan.

Grievance Form

If you would like to report an ESG issue with Gobi Partners or its portfolio companies, please fill out the Official Grievance Form.

Awards and Recognition

We are regarded as one of the trailblazers of the Asian startup ecosystem by industry leaders.