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Fueling
A New Wave
Of Ventures.

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Kadan Capital Logo

We partner with exceptional founders in Asia and beyond.

Kadan (果断) is Japanese and translates to ‘decisive, determined’. We support category-defining ventures through capital and advice. We leverage our network to help founders grow and succeed. We invest proprietary capital and become long-term partners.

Investment focus

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Sector

We invest in ventures in Fintech, B2B SaaS, and Artificial Intelligence, leveraging our experience and network.

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Stage

We look for early-stage companies with sufficient evidence of product-market fit and significant potential of rapid growth.

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Geography

Our core market is Southeast Asia - we selectively invest in companies in other markets in Asia and globally.

Team

  • Felix Frenzel

    Felix Frenzel

    FOUNDING PARTNER

    Felix leads investments and portfolio management at Kadan Capital. He was previously an Investment Manager at Antler (a global early-stage VC firm), a strategy consultant at Bain & Company, and a public equity investor. Felix holds degrees from INSEAD and HEC Paris.

  • Rei Murakami

    Rei Murakami

    FOUNDING PARTNER

    Rei supports deal origination and portfolio management. She serves as President of The Murakami Family Foundation and as Advisor to Elevandi Japan. Rei previously worked at Mitsubishi Corporation and holds degrees from INSEAD and Keio University.

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    Wayne Wee

    INVESTMENT ASSOCIATE

    Wayne supports investments and portfolio management, drawing on his VC experience from Vertex Ventures and his entrepreneurial skills as Co-Founder of Breathonix and Head of Strategy at ArmourZero. He holds degrees from Quantic School and the National University of Singapore.

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    Jachin Cheng

    ADVISOR

    Jachin advises on investments and provides founder support, specializing in applied AI and ML. Currently a PM Director at Coupang, he brings 16 years of experience at Google across the US, Europe and Asia. He is an active angel investor and holds degrees from UCLA Anderson and the University of Texas at Austin.

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    Shivani Mukherjee

    ADVISOR

    Shivani is a fintech expert focused on GTM in payments, core banking, and digital transformation with experience at Grab, N26, Rapyd, Thought Machine, and Cognizant. She is a Singapore Fintech Festival ambassador, Women in Payments council member, and prominent fintech mentor.

FAQs

  • "kadan" (果断) [ka.daɴ], which means "decisive" in Japanese, is pronounced like this: ka (as in "car") + da (as in "dark") + ɴ (as in "sand")

  • We invest in early-stage companies (Seed to Series A). We take a holistic view on traction, factoring in market, team, and the specific business model. We invest in fintech, B2B SaaS, and AI-driven businesses with clear market potential, strong execution, and clear scalability.

  • While our primary focus is Southeast Asia, we opportunistially invest in other markets in Asia and globally.

  • 500k–1m USD initially, with additional capital reserved for future rounds.

  • Yes. We lead, co-lead and follow.

  • Beyond capital, we connect founders with operators, growth specialists, and investors to scale fast. In Southeast Asia, Japan and globally. We’re hands-on where it matters, but we don’t micromanage. 

  • Yes. We back our winners and reserve capital for follow-ons.

  • Every company we invest in will engage with both of our founding partners. Most founders also get to meet our junior team members and our sector-focused expert advisors. We will provide feedback in just a few weeks. If you’re on a deadline, we’ll adapt.

  • Preferably through our website—our process is streamlined to minimize wasted time. If you’re building something bold and want a sharp, fast-moving partner, let’s talk.