Elev8.vc, a Singapore-based venture capital firm focused on early-stage deep tech investments, announce the close of its latest $30 million fund dedicated to driving the next generation of technological innovation.
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This fund will support deep tech startups in sectors such as artificial intelligence, med tech, robotics, and advanced manufacturing, with a vision to make Singapore a global hub for groundbreaking technological advancements.
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Elev8.vc’s newest fund has already invested in a diverse portfolio of innovative companies, including Aevice, Auristone, CoNEX, Equatorial Space, Gush, KABAM Robotics, Moon Technologies, N&E Innovations, and Polybee, as well as two stealth-mode companies. These startups are pushing the boundaries of technology in fields from space exploration to sustainable materials and AI, demonstrating the fund’s commitment to supporting transformative, high-impact ventures.
“Deep tech founders face unique challenges due to the complex sales and development processes and the significant technical expertise required,” said Aditya Mathur, Founder and MD of Elev8.vc. “With this fund, we aim to support and champion founders who are transforming scientific discoveries into commercially viable solutions that address global challenges. The support from like-minded institutions, corporate partners, and visionary founders gives us added strength to build and scale these breakthrough ventures.”
Elev8.vc’s new fund is expected to back 20 to 30 high-potential deep tech startups, providing them with both capital and strategic resources to accelerate their growth. The firm will leverage its network across Asia, Europe, and North America to connect portfolio companies with global markets, talent, and additional investment opportunities. This strategic support will further elevate Singapore’s standing as a thriving centre for deep tech innovation.
Elev8.vc has established a strong track record of identifying and nurturing transformative deep tech ventures across key verticals, focusing on founders who are committed to advancing human knowledge and societal impact. As part of its broader mission, the firm is collaborating closely with research institutions, government agencies, and corporate partners in Singapore to create a robust ecosystem that supports the success of deep tech startups. The corporate investment arm of the Singapore Economic Development Board (EDB), EDBI, has also joined this endeavour as a strategic partner through the SG Startup Equity (SSGE) scheme. This collaboration aims to foster a vibrant and supportive environment by accelerating private sector investment into promising local deep tech startups for their global expansion from Singapore.
Elev8.vc’s $30 million fund has received strong backing from institutional investors, corporate partners in related sectors, family offices, and accomplished founders who are passionate about advancing the deep tech ecosystem. Key tech visionaries including YouTube founder Steve Chen, and Abhishek Gupta, founder of Singapore’s Circles.Life, as well as AppWorks, have shown their support for Elev8.vc’s mission. Their backing for this Fund underscores the significant potential of deep tech innovation that address complex global challenges and drive long-term economic growth.
The newly closed fund reflects the growing confidence among investors in the potential of Singapore’s deep tech sector. By fostering cutting-edge technologies and equipping visionary founders with the tools they need to succeed, Elev8.vc is well-positioned to contribute to Singapore’s role as a global innovation leader.
About Elev8.vc
Elev8.vc is a venture capital firm based in Singapore, dedicated to empowering early-stage deep tech startups to solve the world’s most complex challenges. The firm provides founders with capital, expertise, and connections to build companies that drive positive, transformative impact. With a focus on technologies in AI, quantum computing, robotics, and beyond, Elev8.vc is a catalyst for innovation and sustainable growth.
