Updated:
Mermaid Ventures
Mermaid Ventures functions as the single family office for the Mahagitsiri family. Prayudh Mahagitsiri, the family patriarch and chairman of PM Group,...
Mermaid Ventures
Mermaid Ventures functions as the single family office for the Mahagitsiri family. Prayudh Mahagitsiri, the family patriarch and chairman of PM Group, established the vehicle. His children Chalermchai Mahagitsiri and Ausana Mahagitsiri serve as CEO and COO. The office allocates across alternative investments, direct co-investments via SPVs, and philanthropic vehicles. Confirmed holdings include commercial properties such as the Orakarn Building in Bangkok and Lakewood Country Club, alongside a subsea vessel fleet and P80 jet aviation assets. Operations span Africa, Asia, Europe, North America and other regions. Team details remain private. The firm maintains memberships in APREA and the UN Global Compact. It supports the Global Compact Network Singapore and SBF Foundation for sustainability initiatives.
General information
Firm type
Venture Capital
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
Singapore
City
Singapore
Corporate office
Singapore, Singapore
Principals
Prayudh Mahagitsiri
Founder
Chalermchai Mahagitsiri
CEO
Ausana Mahagitsiri
COO
Sector focus
Frequently asked questions
Who runs investment decisions at Mermaid Ventures?
Chalermchai Mahagitsiri serves as CEO, overseeing allocations alongside family members Ausana Mahagitsiri as COO and founder Prayudh Mahagitsiri.
How does Mermaid Ventures source proprietary deal flow?
The firm leverages relationships through PM Group joint ventures, including with Nestle S.A. and Fico Corporation, as well as participation in industry networks like APREA.
Is Mermaid Ventures structured as a single family office or does it operate more like a venture firm?
It operates strictly as a single family office focused on managing Mahagitsiri family capital through direct investments and SPVs.
Does Mermaid Ventures participate in fund commitments or only direct deals?
The firm emphasizes direct co-investments and SPVs alongside alternative VC models.
Where does the underlying wealth come from?
The wealth originates from the Mahagitsiri family's PM Group operations, including long-term partnerships in coffee products and other ventures.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on venture capital firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: