- Will allocate US$110 mil over the next 3 years for deep tech startups
- Now has 52 co-investors supporting startup growth with expertise & funding
SEEDS Capital (SEEDS), the investment arm of Enterprise Singapore (EnterpriseSG), has appointed 20 new local and global partners to co-invest in innovative Singapore-based deep tech startups under the Startup SG Equity scheme. SEEDS will allocate US$110 million (RM668 million) over the next three years, aiming to catalyse an additional US$219.5 million (RM977.5 million) through private sector partnerships in areas such as advanced manufacturing, pharmbio/medtech, agrifood tech, sustainability (including energy, circular economy, urban mobility, and water), spacetech, and quantum tech.
[RM1 = US$0.22]
With these new appointments, SEEDS now has 52 co-investors offering technical and domain expertise, commercial knowledge, international networks, and early-growth investment capabilities to help startups scale successfully.
Enabling startups’ overseas ambitions through global networks
According to EnterpriseSG, new partners such as East Ventures (Indonesia), Global Brain (Japan), HIVEN (South Korea), Paspalis Capital (Australia), and Valuence Ventures (USA/South Korea) will provide resources and networks to help startups expand into new markets for customer acquisition or supply chain diversification. For example, Paspalis’ strong presence in Australia’s Northern Territory has enabled SEEDS’ spacetech investee…
