Spartan Group
Fund snapshot
- Lookout tier
- Tier 2
- Lookout score
- 86/100
- AUM
- —
- Vintage
- 2018
- Check size
- $500K – $10M
- Stage
- Seed, Series A, Liquid
- Role
- Leads rounds
Lookout's read
How Lookout reads this fund.
Asia's sharpest DeFi-native shop, with a Goldman-trained partnership and a value lens rare in a momentum market. The Pendle bet validates the fundamentals-first approach. Smaller and more selective than the megafunds, but the advisory + dual-structure model gives outsized APAC influence.
Fund thesis
What they back.
A long-term, value-investing blockchain firm seeking projects with strong fundamentals and durable growth, blending Goldman-pedigree rigor with both liquid hedge-fund and early-stage venture mandates.
Portfolio
Notable bets · 4
4 with realized tokens or exits
Pendle
Maple Finance
Kaito
Lido
In their orbit
Deals Lookout covers.
Team
Who runs the capital.
Kelvin Koh
@SpartanBlack_1Co-Founder & Managing Partner
Former Goldman Sachs MD and head of Asia tech research; co-founded Spartan in 2018.
Co-investors
Who they ride with.
Facts public-source · tier & read are Lookout judgment · profile updates continuously