Empyrean Sky Partners (ESP) has achieved the fastest first close of 2026, raising $90m towards its $200m target for the Global Technology Fund. The fund focuses on growth-stage companies at the intersection of artificial intelligence, robotics, and advanced manufacturing—sectors poised to transform industrial productivity and global technology deployment.
The fund is co-managed with Lion X Ventures, the technology venture investment partner of OCBC, combining ESP’s investment expertise with Lion X Ventures’ extensive network. This collaboration aims to identify and scale innovative companies by providing capital, global networks, and operational support to accelerate commercialisation. Additionally, the fund has formed a strategic partnership with Dreame Technology, allowing portfolio companies to benefit from Dreame’s industrial insights and engineering expertise.
The rapid execution of the first close, securing $90m in record time, highlights strong investor confidence in technology platforms that integrate AI with physical systems. Institutional investors, family offices, and industry participants have committed to the fund, citing ESP’s track record and access to industrial ecosystems as key advantages. Ming Lei, Chairman and Founding Partner of ESP, emphasised the fund’s goal to support founders in building the next generation of intelligent systems through long-term capital and industrial access.
With Asia emerging as a major innovation hub, ESP’s fund is well-positioned to support companies with global impact potential, focusing on businesses that integrate software intelligence with advanced hardware, including robotics and logistics automation.
