1982 venture Herston Elton Powers

#52: The Fund that is Investing in the Plaid, Stripe and Klarna of Southeast Asia with 1982’s Herston Elton Powers

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Herston is a Managing Partner of 1982 Ventures – the leading seed fund focused on fintech in Southeast Asia. He is responsible for setting the strategy and direction of 1982 Ventures. He is active in investments, portfolio management and investor relations. He has sourced and led investments into Brick, Fundiin, Homebase, Go Zayaan and Wagely.

Prior to founding 1982 Ventures, he was a Principal at tryb Group in Singapore and created and executed their early stage investment strategy. He led investments into Alami, a leading Indonesian Islamic Finance Platform, Gradana, a pioneer in Proptech in Indonesia and managed the investment into Maria Health, a Philippines-based insurtech. Additionally, Herston managed tryb’s growth equity investment (Chinsay) which led to new senior management team based in Singapore and strengthening of the firm’s Singapore presence. He previously held board observer roles at Alami and Gradana.

Before entering the private equity and venture capital industry, Herston was a Banker at The Bank of New York Mellon (BNY Mellon) with nearly a decade of global financial services experience. As the Head of Southeast Asia based in Singapore, he executed the first single-listed U.S. ADR listing (NASDAQ) from Southeast Asia and has led numerous deals throughout Asia-Pacific.

He spent 5 years in Hong Kong covering the Asia-Pacific market, including Korea, and built their advisory platform for Asian clients. He has advised unlisted, pre-IPO and listed companies on U.S. capital markets, investor relations and market access. He has extensive experience in supporting tech companies and their advisors with respect to strategy, IPOs and US listings. He also co-founded a global fintech company (Closir) which connects institutional investors to emerging markets.

Herston began his career in New York where he focused on connecting international companies with institutional investors, advisory and macro-economic research.

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