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Singapore’s Top 16 VCs For Tech Startups [2023]

Beyond South East Asia, Singapore is one of the world’s top cities for tech startups. Indeed, in the first half of 2021 alone, Singapore’s VCs invested in total over whopping $5.1 billion, up 2x the same period in 2020..!

In this article we have listed our top picks for the best venture capital firms (VCs) in Singapore. So, if you havenโ€™t yet started to reach out, here is a good place to start learning about them.

Note: this article is part of a series where we present you the top Venture Capital firms across the world. Have a look at the complete list here.

Looking for Singapore’s top startup incubators and accelerators instead? Check out our ranking here.

Singapore’s Top 16 Venture Capital Firms

Hereโ€™s a summary of our top 16 picks for Singapore’s best VCs for tech startups (in alphabetical order):

NameSector focusRoundInvestment sizeInvestments
500 GlobalTechnologySeed, Series AUndisclosed2,771
8Capita PartnersSaaS, ECommerce, Marketplace, Platform, MediaSeed, Series A$200K – $3M35
Alpha JWC VenturesTechnologySeed, SeriesA, A+Undisclosed77
B Capital GroupHealthcare, Consumer, Enterprise SoftwareSeed, Series A, A+Undisclosed139
CoentFinancial Services, Intech, BioTechSeed$100K – $1M11
ExparaTechnologySeed$200K – $500K18
Gobi PartnersTechnologySeed, Series A, A+$2M – $8M179
Golden Gate VenturesTechnologySeed, Series A, A+$1M – $5M60
Jungle VenturesTechnology, Healthcare, HospitalitySeedUndisclosed101
Monkโ€™s Hill VenturesTechnologySeries A$1M – $3M56
NGC VenturesTechnologySeedUndisclosed100
Quest VenturesTechnologySeedUndisclosed85
Wavemaker PartnersTechnologySeed$200K – $7M480
Spiral VenturesTechnologySeed, Series A$100K – $1M39
East VCTechnologySeed, Series AUndisclosed31
Cocoon CapEnterprise, Deep techSeedSG$500K – SG$1M22

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1. 500 Startups

500 Global is a Venture Capital firm that invests in early-stage founders who are building fast-growing technology companies. The VC firm targets markets where technology, innovation, and capital have the potential to unlock long-term value and drive economic growth.

The VC firm is committed to turning potential into performance and links investee companies to a team of entrepreneurs, investors, and operators from the leading global companies. 

500 Global invests globally, and they have a portfolio of up to 41 companies valued at $1Billion and another portfolio of more than 125 companies valued at more than $100 Million. 

2. 8Capita

8Capita Partners invests in SaaS, ECommerce, Marketplace, Platform, and Media companies that have shown executable ideas and exceptional talent. 

Targeting early and growth-stage companies, the VC firm offers investee companies technology consulting services to help them define a product strategy and implement ideas. 

The VC firm also makes significant investments in profitable companies, providing them expansion capital market consolidation plans and enabling them to tap capital markets.

Their initial financial funding is between $200K and $3M. 

3. Alpha JWC Ventures

Alpha JWC Ventures is a VC firm that has taken a forefront position in backing the technology companies committed to developing technologies that will transform Southeast Asia. 

Typically, the VC firm invests initial funding and follow-on capital in companies that offer innovative technology.

Apart from financial backup, the VC firm offers their investee companies long-term support in recruiting talented staff and strategic management to help them tackle the strategic challenges and build a successful brand.

Alpha JWC Ventures takes pride in being an institutional fund manager that maintains strict discipline to their investment philosophy and strategy. 

4. B Capital Group

B Capital Group is a multi-stage investment company that supports entrepreneur’s venture opportunities within the healthcare, consumer, and enterprise software sectors. The VC firm provides the startups financial investments, expertise, and guidance to help the founders accelerate business growth at every stage of their businesses.

The VC seeks to fund the founders who have a relentless spirit and revolutionary vision for early-stage investments. They back founders from the beginning of their investment journey and build them along the way.  

For the growth stage investments, B Capital Group seeks to build transformative partnerships with exceptional leaders and helps them in reinventing the industry and evolve into great companies. 

5. Cocoon Capital

Cocoon Capital is a VC firm committed to partnering with extraordinary founders who dare to change. The VC firm provides investee companies access to venture and growth capital. Besides, Cocoon Cap engages startups in trusted advisory while providing founders additional resources with the objective of guiding, counseling, and helping them to grow as founders.

Cocoon Cap invests ant the seed stage and maintains close relationships with series A and B startups. The VC firm is interested in startups with strong teams and a real entrepreneurship spirit. They back companies with high scalability potential and invest in the range of SG$500K – SG$1M.

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6. Coent

Coent is a VC firm investing seed-stage and venture-stage capital in all sectors across Asia. Apart from venture capital, the VC firm offers investee companies mentorship support and business development ideas to help them grow their venture.

With a presence in Singapore, South Korea, Hong Kong, Taiwan, and Japan, the VC firm loves to back the entrepreneurs and strives to benefit society.  

Their initial investments range between $100K and $1M. 

7. East VC

East Ventures invests in early and growth-stage startups. The sector-agnostic VC firm focuses on the technology startups that provide transformational technologies to fuel business growth. East VC was named by Preqin as the most active VC firm in the Southeast Asia region. 

East VC provides investee companies with financial support and works alongside their management teams. They take active positions in management boards and guide the management toward strategic decisions. 

8. Expara

Expara is a leading early-stage venture capital and venture services firm that backs global startups. The VC firm has headquarters in Singapore and offices in Thailand, Malaysia, Vietnam, the Philippines, and Poland. 

With over 20 years in the Southeast Asia VC industry, the VC firm has developed five venture capital funds, supported over 10,000 entrepreneurs, and invested in over 80 startups.

Expara focuses on the technology sector and makes initial investments ranging between $200K and $500K.

9. Gobi Partners

Gobi Partners is an interconnected Pan-Asian VC firm headquartered in Kuala Lumpur and has offices in Singapore. The VC firm invests in early-stage to growth-stage companies and seeks founders that invest in emerging and underserved markets.   

Typically, the VC firm invests in diverse sectors and startup founders. They support female-led enterprises and seek to promote gender equality with each investment.

Since its inception, the VC firm has had over $1.5 Billion in its assets management fund. Their entrepreneurs are often first movers targeting new markets and technologies and carving their niches to solve significant challenges. 

10. Golden Gate Ventures

Golden Gate Ventures is a VC firm with a global focus. Founded by Silicon Valley Natives, the VC firm exists to power and back technology-focused companies from Southeast Asia.

Their mission remains to empower the audacious entrepreneurs by providing them with human and financial capital. They believe in empowering founders who have shown a risk appetite and those who dare to challenge the norms by leveraging technology to change how the world works.

Therefore, they fund entrepreneurs from the product development stage to formulate technical strategies and mentor them in developing growth hacking techniques. 

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11. Jungle Ventures

Jungle Ventures is one of Singapore’s top VCs. The VC firm collaborates closely with business founders and helps them build scalable organizations. 

They assist the portfolio companies with capital structuring strategic partnerships and help to develop the founder’s leadership skills.

Jungle Ventures takes pride in being collaborators, supporters, and champions. For them, every investment opportunity is a chance to build a lasting business. They ensure a consolidated portfolio approach and limit the number of firms they invest in. 

12. Monkโ€™s Hill Ventures

Monkโ€™s Hill Ventures is undeniably one of Singapore’s best VCs. It invests in early-stage technology companies, primarily in Series A. The VC firm seeks to back great entrepreneurs who focus on creating solutions to improve people’s lives in the Southeast Asia region.

Since its inception, Monkโ€™s Hill Ventures has invested in more than 20 fast-growing startups within multiple sectors. They spend considerable time with the founders and seek to understand their business motivation and business models. Typically, the VC firm backs the founders who have the potential to impact millions of people.

The VC firm invests between S1M and S3M as their initial funding. 

13. NGC Ventures

NGC Ventures is one of the largest VC firms supporting companies that venture into Blockchain and distributed ledger technologies. Since its founding, the venture capital firm has been a key contributor to several leading technology companies. 

The VC firm selectively collaborates with the leading investment professionals and industry leaders to build successful businesses.

NMG partners with the founders and leverages their skill and experience in creating and enhancing their competitive advantage. They prefer investing at the early stages of company growth. 

14. Quest Ventures

Quest Ventures is a leading VC firm that seeks to lead investment rounds in technology-focused companies. 

The VC firm has focused on an overarching digital economy strategy across Asia and invests in artificial intelligence, e-commerce, marketplaces, entertainment, etc.

Quest Ventures backs early-stage companies and prefers taking the lead in making investments that disrupt the industry. 

Therefore, the VC firm has set up many investment funds to support the unique requirements of their portfolio companies. 

15. Wavemaker Partners

Wavemaker Partners is one of the largest and most active early-stage VC firms. The VC firm targets enterprise and deep technology companies that offer innovative solutions that add significant value.  Typically, Wavemaker Partners invest in thoughtful founders who have built an internal conviction through experience and reflection and identified great opportunities.

They seek to invest in gritty, straight shooters who have a focus on execution and learning and are interested in creating valuable companies. When they invest, they look to build working relationships based on mutual trust and respect.  

Their typical investments fall in the range of $200k to $7M. 

16. Spiral Ventures

Spiral Ventures is a technology-focused VC firm that invests in startups addressing social needs and creating a new future in Southeast Asia. The VC firm creates market access and collaboration opportunities to create significant value.  

Spiral Ventures sets sector focus and provides investee companies funding to enable them to leverage market trends and not to miss out the unforeseen investment opportunities. 

The VC firm invests from the seed stage to the pre-IPO stage, with initial funding ranging between $100K and $1M. 

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