SEEDS Capital, the investment arm of Enterprise Singapore (EnterpriseSG), has announced the appointment of 20 new local and global partners to co-invest in Singapore-based deep tech startups. This expansion aims to accelerate the growth of startups in key sectors such as advanced manufacturing, pharmbio/medtech, agrifood tech, sustainability, spacetech, and quantum tech.
Under the Startup SG Equity scheme, SEEDS will allocate USD 112 million (SGD 150 million) over the next three years to attract an additional USD 225 million (SGD 300 million) in private sector investments. With the new appointments, SEEDS has 52 co-investors supporting early-stage deep tech companies.
The new global partners include East Ventures (Indonesia), Global Brain (Japan), HIVEN (South Korea), Paspalis Corporation (Australia), and Valuence Ventures (USA/South Korea). These firms provide strategic resources to help Singapore startups expand internationally. SEEDS has also partnered with local venture firms such as Vickers Venture Partners, iGlobe Partners, and Monk’s Hill Ventures to provide mentorship and regulatory guidance.
SEEDS has raised its co-investment cap from USD 6 million (SGD 8 million) to USD 9 million (SGD 12 million) per startup to further support deep tech startups. Since its inception, the Startup SG Equity scheme has facilitated nearly USD 2.25 billion (SGD 3 billion) in investments across 330 startups.
(Source: Telcom Review Asia)
