# Mermaid Ventures

Mermaid Ventures is a Venture Capital based in Singapore, Singapore.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore, Singapore
- **Assets under management:** Undisclosed
- **Website:** mermaidventures.co
- **LinkedIn:** https://www.linkedin.com/company/mermaid-ventures

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Venture Capital
- Infrastructure

## People

- Prayudh Mahagitsiri — Founder
- Chalermchai Mahagitsiri — CEO
- Ausana Mahagitsiri — COO

## 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.

### Does Mermaid Ventures participate in fund commitments or only direct deals?

The firm emphasizes direct co-investments and SPVs alongside alternative VC models.

## Related profiles

- [MERITiGROUP](https://altss.com/profile/meritigroup)
- [Mertz Holdings](https://altss.com/profile/mertz-holdings)

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Last updated: 2026-06-03T20:00:00.000Z

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