About this investment arm
As the investment arm of Enterprise Singapore, SEEDS Capital seeks to catalyse smart monies in Singapore-based, early-stage technology startups. SEEDS co-invests with institutional investors in innovative startups with strong intellectual content and global market potential.
Currently, there are over 100 deep tech startups in SEEDS Capital’s portfolio, and more than 40 co-investment partners, consisting of institutional investors including venture capital firms and investment arms of corporations.
SEEDS Capital co-invests in startups with the following ratio:
General tech | Deep tech | |
---|---|---|
Investment cap for each startup¹ | S$2 million from SEEDS Capital | S$8 million from SEEDS Capital |
Co-investment ratio (SEEDS Capital: co-investor) for first institutional round and before) |
7:3 up to the first S$250,000 from SEEDS Capital; 1:1 thereafter, up to S$2 million |
7:3 up to the first S$500,000 from SEEDS Capital; 1:1 thereafter, up to S$4 million; 3:7 thereafter, up to S$8 million |
Co-investment ratio (SEEDS Capital: co-investor) for second institutional round and onwards) |
1:1 thereafter, up to S$2 million | 1:1 thereafter, up to S$4 million; 3:7 thereafter, up to S$8 million |
Co-investment approaches:
Eligibility
-
Appointed partners
- Information on the next call for new co-investment partner applications will be released publicly.
- Potential partners will be evaluated on multiple criteria, including a strong management team, experience or track record in the relevant domains and ability to value-add to startups in specific emerging industry(s).
- Find out more about the appointed partners under the "How to apply" section below. Interested investors may contact SEEDS at seeds@enterprisesg.gov.sg.
-
Third-party co-investorsInterested co-investors should provide the following information:
- Ability to contribute to the startup’s growth strategies
- Management experience, relevant business contacts and/or necessary technical expertise that can value-add to the startup
- Proposed investment quantum
- Demonstrate independence and hold no prior interest (e.g. not hold shares in the investee prior to the co-investment for new investments)
- Interested parties may contact us at seeds@enterprisesg.gov.sg.
Through co-investments, SEEDS supports the growth of innovative startups with strong intellectual content and global market potential.
Startups seeking funding must fulfil the following criteria:
-
Criteria for startups
- A Singapore-based company with core activities carried out here
- Startup should not be a subsidiary or joint-venture
- Incorporated as a private limited company for less than ten years
- Paid-up capital of at least S$50,000
- Prove substantial innovative and intellectual content for its products and/or services and applications
- High-growth potential with clear scalability for the international market
-
Other considerations
- Identified a ready, independent third-party institutional investor(s).
- Business must not be involved in the following business activities: gambling, tobacco-related products, or any other activities which are in violation of law, or against public interest.
How to apply
- Companies should apply directly to appointed partners to assess their investment case.
- Appointed partners will submit the prospective co-investment to SEEDS Capital for further evaluation.
-
List of appointed partners
The following is a list of SEEDS Capital’s appointed partners under Startup SG Equity.
Name of Appointed Partner Investment Stage Sector(s) of Focus AgFunder Seed to Series B Agri-Food Tech Altara Ventures Pre-Series A to Series B Health & Biomedical Sciences Big Idea Ventures Asia Seed to Series A Agri-Food Tech Blue InCube Ventures Seed to Series A Advanced Manufacturing & Engineering BrincArtesian Pre-seed to Series A Agri-Food Tech Cube3 Ventures Seed to Series B Advanced Manufacturing & Engineering elev8.vc Seed to Series A Urban Solutions & Sustainability Emerald Technology Ventures Seed to Series C Urban Solutions & Sustainability EVX Ventures Seed to Series A Health & Biomedical Sciences GreenMeadows Accelerator Seed to Series A Advanced Manufacturing & Engineering; Urban Solutions & Sustainability Greenwillow Capital Management Seed to Series A Urban Solutions & Sustainability Hatch Blue Singapore Seed to Series A Agri-Food Tech HealthXCapital Seed to Series A Health & Biomedical Sciences Heritas Capital Management Seed onwards Health & Biomedical Sciences ID Capital Seed to Series A Agri-Food Tech Incuvest Seed to Series A Advanced Manufacturing & Engineering Innoport Seed to Series A Maritime Tech Jungle Ventures Seed onwards Advanced Manufacturing & Engineering KSL Maritime Ventures Seed to Series B Maritime Tech Lightstone Ventures Seed to Series B Health & Biomedical Sciences MassMutual Ventures Pre-Series A to Series B Health & Biomedical Sciences Millennia-VFT Ventures Seed to Series A Urban Solutions & Sustainability Med-Tech Alliance 2 Seed to Series B Health & Biomedical Sciences Openspace Ventures Series A to B Agri-Food Tech Origgin Ventures Pre-seed to Seed Agri-Food Tech Philips Healthcare Seed to Series A Health & Biomedical Sciences Pix Vine Capital Seed to Series A Health & Biomedical Sciences Plug and Play Pre-seed to Series A Urban Solutions & Sustainability PSA unboXed Seed to Series B Maritime Tech Pureland Ventures Seed to Series A Health & Biomedical Sciences Quest Ventures Seed to Series A Urban Solutions & Sustainability Rainmaking Seed to Series A Maritime Tech Real Tech Holdings Seed to Series A Advanced Manufacturing & Engineering Schweizer World Group Seed to Series C Advanced Manufacturing & Engineering Shipsfocus-Quest Ventures Seed to Series B Maritime Tech Silicon Solution Partners Seed to Series A Advanced Manufacturing & Engineering Small World Accelerator Seed to Series A Advanced Manufacturing & Engineering; Urban Solutions & Sustainability TecPier Seed to Series A Maritime Tech Temasek Lifesciences Accelerator Pre-Seed to Series A Health & Biomedical Sciences; Urban Solutions & Sustainability The Yield Lab Seed to Series B Agri-Food Tech TNB Aura Seed to Series A Advanced Manufacturing & Engineering Trendlines AgriFood Pre-seed to Series A Agri-Food Tech Triome Ventures Pre-seed to Series A Health & Biomedical Sciences TRIREC Seed to Series A Urban Solutions & Sustainability Verge Healthtech Fund Seed to Series A Health & Biomedical Sciences VisVires Capital Asia Seed to Series B Agri-Food Tech Wavemaker Partners Seed to Series A Urban Solutions & Sustainability; Advanced Manufacturing & Engineering
- Submit your application to SEEDS Capital at seeds@enterprisesg.gov.sg, including these documents:
- A two-page executive summary
- Supporting documents for a first-level assessment would include:
- Business plan
- Financial statements or management accounts
- Business ACRA
- Background of potential co-investor (if available)