SEEDS Capital, the investment arm of Enterprise Singapore, has announced the appointment of 20 new partners to co-invest in Singapore-based deep tech startups.
This initiative, under the Startup SG Equity scheme, will see SEEDS Capital allocate $150m over the next three years, aiming to catalyse an additional $300m from private sector partners. The focus areas include Advanced Manufacturing, Pharmbio/Medtech, Agrifood Tech, Sustainability, Spacetech, and Quantumtech.
The addition of these partners expands SEEDS Capital’s network to 52 co-investors, enhancing the technical and commercial expertise available to startups. This collaboration is expected to help startups scale successfully by leveraging international networks and early-growth investment capabilities.
New global partners such as East Ventures from Indonesia, Global Brain from Japan, and HIVEN from South Korea will provide resources and networks to support startups in entering new markets. For example, Paspalis Capital’s presence in Australia’s Northern Territory has already benefited SEEDS’ Spacetech investees like Equatorial Space Systems.
Local investors, including Vickers Venture Partners and Monk’s Hill Ventures, will offer guidance on regulation and scaling within Singapore. “Despite the relative nascency of Singapore’s deep tech landscape, we are excited about our current pipeline,” said Arun Pai, Principal at Monk’s Hill Ventures, highlighting the potential in areas like advanced robotics and AI for healthcare.
Deep tech startups, which often require substantial capital for development, will benefit from the expertise of new partners such as Kurma Partners and Eurazeo. Cindy Khoo, Chairman of SEEDS Capital, expressed enthusiasm for the strong interest from the venture capital community, emphasising SEEDS’ commitment to nurturing deep tech startups.
To date, nearly S$3 billion has been invested in over 330 startups under the Startup SG Equity scheme. SEEDS Capital has also increased its co-investment cap for each deep tech startup from S$8 million to S$12 million, further supporting the sector’s growth.
