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Charles Ludwig

Charles invests in startups from ASEAN, MENA, South and East Asia, and East Africa. At EcoLabs, he is in charge of executing EcoLabs’ greater venture capital strategy, which includes sourcing investment opportunities ,managing portfolio companies and driving co-innovation progarmme/projects with large corporate partners/ investors.

Before joining EcoLabs, Charles worked within privately managed funds. As Managing Director of the Oman Technology Fund in MENA, a USD 150mm venture capital fund, he assisted in the capital raise of the fund, participated as a fund-of-funds investor, and as a direct investor to startups. As Investment Director of Red Dot Ventures in ASEAN, a USD 20mm venture capital fund, he worked alongside governments and participated as a direct investor.

Below are some notable investments that Charles has worked on:

  • Cubex Global
    It is a Pakistani company that connects shippers with carriers to fill unutilised space within a shipping container as part of Maritime decarbonisation. After investment by Charles’ team, the company won the World Economic Forum’s Ocean Innovation prize.
  • eMushrif
    It is an Omani company that retrofits IoT solutions on existing school buses that track passenger location and prevent deaths due to heat exhaustion (a common occurrence in MENA). Charles managed to capture 60% of Oman’s private school market in less than 12 months. In addition to the core business, it currently advises the Omani Supreme Council (the Sultan’s strategic advisors) on national health and technology initiatives and also built COVID-related contact tracing wearables (a national initiative).
  • iCarsclub
    This is a Chinese company and China’s largest peer-to-peer car-sharing marketplace. During Charles’ employment, the company ranked as the 6th-most well-funded startup in Southeast Asia (Tech-in-Asia article, March 9, 2015). Investors include Sequoia Capital and Chrystal Stream Capital.