Top 20 Venture Capital firms in Singapore 2023

If you are an early stage founder looking for your first institutional round of funding, here is the list of the 20 Top Early-Stage Venture Capital (VC) firms in Singapore.

Methodology

According to Crunchbase, there are a total 366 institutional investors based in Singapore.

The search is narrowed down to active Venture Capital firm focusing in Early Stage Venture, with an estimate of a first cheque size of USD 1 to 10M, and ranked according to the number of exits and investments.

Disclaimer:

• Venture Capital firms who does not been actively investing in the past 12 months has been excluded from the list.
• It does not account for the stage at which the VC invests.
• It does not reflect the actual performance of their fund.
• This content is for informational purposes only, it is very important to do your own research about the fund before reach out to them.

The Top 20

1. GIC (90 exits from 269 investments) GIC is a global investment firm established in 1981 to manage Singapore’s foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate, and infrastructure. GIC invests through funds and directly in companies, partnering with its fund managers and management teams to help world-class businesses achieve their objectives. First Cheque: Undisclosed (Normally focus on later stages) https://www.gic.com.sg/
2. JAFCO Asia (49 exits from 170 investments) With over 25 years of investment history in the Asia Pacific market, the JAFCO Asia team brings excellence in venture capital management, backed by in-depth investment knowhow. JAFCO Asia’s focus is on high growth technology-related companies in their early to growth-stage. Sectors favored include mobile and internet technology, consumer & services related, cyber security, medical/healthcare and renewable energy. First Cheque: USD 2M to USD 6M http://www.jafcoasia.com/
3. EDBI (44 exits from 155 investments) Investing since 1991, EDBI is a Singapore-based global investor in select high growth technology sectors ranging from Information and Communication Technology (ICT), Emerging Technology (ET), Healthcare (HC), and other strategic industries. As a value creating investor, EDBI assists companies achieve their ambitious goals by leveraging their broad network, resources and expertise. With their patient capital, EDBI supports companies seeking to grow in Asia and globally through Singapore. First Cheque: USD 5M to USD 15M http://www.edbi.com/
4. Jungle Ventures (15 exits from 121 investments) Jungle Ventures is a Singapore based Venture Capital Firm that invests in and helps build tech category leaders from Asia. Jungle has a dedicated team of operating partners and functional experts to support startups as they scale across the region. First Cheque: USD 2M to USD 10M http://www.jungle-ventures.com/
5. Vertex Ventures SEA and India (12 exits from 90 investments) Vertex Ventures Southeast Asia and India invest in high-growth start-ups seeking their first round of institutional venture capital funding (pre-series A, Series A, and Series B) with a primary focus on Southeast Asia and India. First Cheque: USD 2M to USD 10M https://www.vertexventures.sg/
6. iGlobe Partners (12 exits from 48 investments) iGlobe Partners is a leading Asia-Pacific cross-border Venture Capital firm with deep expertise in tech and bio. First Cheque: USD 2M to USD 20M https://www.iglobepartners.com/
7. Golden Gate (10 exits from 113 investments) Golden Gate Ventures is a South East Asian venture capital firm founded in 2011 that brings together knowledge and experience from Silicon Valley with passion and ambition for Southeast Asia. For over a decade we’ve proudly backed some of the region’s most audacious founders and had the privilege of being part of Southeast Asia’s incredible growth story. First Cheque: USD 500K to USD 2.5M http://goldengate.vc/
8. UOB Venture (10 exits from 65 investments) UOB Venture, an investment firm, finances privately-held companies through direct equity investment, mainly in Southeast Asia and China. First Cheque: USD 2M to USD 20M https://www.uobvm.com.sg/
9. BEENEXT (9 exits from 263 investments) The team invests in early-stage tech start-ups that are focused on building the new digital platforms driven by the data network. BEENEXT aims to establish a platform of founders, by the founders and for the founders across the globe, primarily in South East Asia, India and Japan. First Cheque: USD 200K to USD 5M https://www.beenext.com/
10. RB Investments (9 exits from 54 investments) RB Investments is a Singapore Based Family Office , that invests in people with visionary ideas. We assist portfolio companies in developing and executing strategic growth, building the board and executive management team, exploring capitalization structures, pursuing growth mergers and acquisitions, and enhancing market presence. First Cheque: USD 500K to USD 5M http://rbworld.com/
11. K3 Ventures (8 exits from 73 investments) K3 Ventures is a Singapore-based venture capital firm that invests in technology start-ups with talented founders and a vision to develop and transform Southeast Asia. In partnering with K3 Ventures, companies leverage from their exclusive bamboo network that enables strategic opportunities to scale Southeast Asia with pilot projects and by championing adoption that establishes as part of their use case portfolio. First Cheque: USD 1M to 20M https://www.k3ventures.com/
12. Spiral Ventures (7 exits from 83 investments) Spiral Ventures is a venture capital firm that provides its services for the Southeast Asia and Japan market. Formerly known as “IMJ Investment Partners”. First Cheque: USD 1M to 10M https://spiral-ventures.com/
13. SBI Ven Capital (7 exits from 40 investments) SBI Ven Capital is a private equity firm that invests in financial services and technology sectors across Asia. First Cheque: USD 1M to 20M http://www.sbivencapital.com.sg/
14. Openspace (6 exits from 83 investments) Openspace is a venture capital firm investing in tech companies at different stages and within different sectors, with an emphasis on consumer, healthcare, finance, enterprise, and frontier technologies. By harnessing Active Intelligence they have worked with our portfolio companies to realize bolder visions, and accelerate their progress in a responsible and viable way. First Cheque: USD 2M to 20M https://www.openspace.vc/
15. Atlas Ventures (6 exits from 26 investments) Atlas invest in startups within fast-growing, overlooked verticals and geographies. Currently, we’re focused on cybersecurity, ecommerce enablers, interactive/new media, and startups looking to digitize traditional industries. First Cheque: USD 500K to 5M http://www.atlas.ventures/
16. Arbor Ventures (5 exits from 61 investments) Arbor Ventures invests in companies that leverage advanced technologies to facilitate, broaden or fundamentally change the way financial services are served, consumed, and managed. The firm’s partners bring extensive sector and market knowledge, together with vast strategic networks, creating a unique platform to recruit world-class board members, investors, and strategic partners from across the globe. Arbor’s global perspective allows it to accelerate impact and reach globally. First Cheque: USD 2M to 20M http://www.arborventures.com/
17. DSG Consumer Partners (5 exits from 111 investments) DSG Consumer Partners is an investment company focusing on identifying, investing in, and growing Consumer Businesses in India & SE Asia. First Cheque: USD 1M to 5M http://www.dsgcp.com/
18. Qualgro VC (5 exits from 41 investments) Qualgro Venture Capital invests in technology startups across Southeast Asia in areas like data, software, and AI, at Series A and Series B. First Cheque: USD 2M to USD 10M http://www.qualgro.com/
19. Insignia Ventures Partners (2 Exits from 109 investments) Insignia Ventures Partners is an early-stage technology venture capital firm partnering with unstoppable founders to build great companies in Southeast Asia. First Cheque: USD 1M to USD 10M https://www.insignia.vc/
20. TNB Aura (2 Exits from 23 investments) Founded by entrepreneurs and fund managers who have established, grown and exited several businesses, TNB Aura looks to become the marquee venture capital fund in Southeast Asia. First Cheque: USD 1M to USD 5M https://www.tnbaura.vc/

Notable Mentions

1. Sequoia Capital (No regional breakdown) Sequoia Capital is a VC firm that invests in startups in the energy, financial, enterprise, healthcare, internet, and mobile industries. One of the oldest and most well-respected VC globally. First Cheque: USD 1M to 20M (Estimated) http://www.sequoiacap.com/
2. MassMutual (2 Exits from 27 investments) MassMutual is a mutual life insurance company that provides investment management and trust services. First Cheque: USD 1M to 10M https://www.massmutual.com/
3. Monk’s Hill (1 Exit from 65 investments) Founded in 2014 by entrepreneurs, Monk’s Hill Ventures (‘MHV’) is a venture capital firm investing in early-stage technology startups in Southeast Asia. Backed by institutional investors and family offices worldwide, MHV works with great entrepreneurs to use technology to improve the lives of millions of people in the region. First Cheque: USD 1M to USD 5M http://www.monkshill.com/
4. Saison Capital (Seed Stage, FinTech Focus) They invest in Seed to Series A companies across South East Asia and India. Although they have a sector agnostic fund mandate, they particularly like to work with founders that are building ecosystems with the potential to distribute financial services to the unbanked. First Cheque: USD 100K to USD 3M https://saisoncapital.com/
5. Wavemaker Partners (Seed Stage Focus) Wavemaker is a cross border early-stage VC firm that focuses on early-stage tech startup opportunities. First Cheque: USD 100K to USD 3M http://wavemaker.vc/

About the Author

As a Startup Founder turned Venture Capitalist, I’m a Startup Strategist with a proven track record of developing Go To Market strategies, Fundraising, and securing Strategic Business Partnerships. I’ve now turned my attention to helping founders build and scale their businesses.

https://www.linkedin.com/in/waynerbee/

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