Pictured (from L to R): Sharan Makhija, Senior Investments Director at Singtel Innov8; Diana Kam, CEO of APAC at Venturebeam; and Edgar Hardless, CEO of Singtel Innov8.
Venturebeam, a global network of professional investors, venture capital firms, and family offices, successfully facilitated a US$7.3 million funding round for viAct, a Hong Kong-based AI company focused on sustainability. The round, which surpassed ViAct’s initial target of US$6 million, was led by VentureWave Capital and included participation from Singtel Innov8, Korea Investment Partners, and the PolyU Entrepreneurship Investment Fund. This achievement marks Venturebeam’s first investment deal in Asia since its launch in Singapore in March 2024.
Founded in 2016, viAct has developed a comprehensive ecosystem of AI-powered technologies, including its innovative “Scenario-based Vision Intelligence,” AIoT, and edge-generative AI solutions to improve job site safety and productivity in heavy industries. Recognized as a Technology Pioneer by the World Economic Forum in 2023, viAct is a responsible AI startup driving transformative change in safety, operational excellence, and sustainable innovation across high-risk sectors like construction, oil and gas, manufacturing, facility management, and mining. The latest funding round will support viAct’s expansion into regions such as the Middle East and North Africa (MENA) and Europe, accelerating its mission to transform industries with technology that promotes safer, more adaptable, and eco-friendly workplaces.
Pictured (from L to R): Gary Ng, Co-Founder of viAct; Linda Liu, Vice President at VentureWave Capital; and Hugo Cheuk, Co-Founder of viAct.
“COMPANIES SUCH AS VIACT ARE AT THE FOREFRONT OF TRANSFORMING TRADITIONAL INDUSTRIES TOWARDS DELIVERING MEANINGFUL IMPACT. THIS SUCCESSFUL FUNDRAISING VALIDATES OUR RIGOROUS APPROACH TO CURATING FINANCIALLY ROBUST, HIGH-GROWTH COMPANIES THAT DELIVER BOTH SCALE AND MEASURABLE IMPACT ACROSS MULTIPLE REGIONS,” SAID DIANA KAM, CHIEF EXECUTIVE OFFICER, ASIA PACIFIC, VENTUREBEAM.
“SECURING VENTUREWAVE CAPITAL AS OUR LEAD INVESTOR AND FACILITATING PARTICIPATION FROM PARTNERS SUCH AS SINGTEL INNOV8 AND KOREA INVESTMENT PARTNERS UNDERSCORES OUR ABILITY TO MOBILISE OUR GLOBAL NETWORK OF PROFESSIONAL INVESTORS AND ACCELERATE MOMENTUM FOR THIS TRANSFORMATIVE MOVEMENT. TOGETHER, WE ARE REDEFINING THE GLOBAL VENTURE LANDSCAPE—WHERE IMPACT AND INVESTMENT RETURNS GO HAND IN HAND,” DIANA ADDED.“RAISING CAPITAL IS MORE THAN JUST NUMBERS; IT’S ABOUT ALIGNING WITH PARTNERS WHO BELIEVE IN YOUR VISION. THANKS TO VENTUREBEAM, VIACT CONNECTED WITH FORWARD-THINKING INVESTORS BUT ALSO GAINED CREDIBILITY THROUGH USING THEIR DIGITALISED PLATFORM, WHICH IS A LEGIT SYSTEMATIC DEAL DILIGENCE PROCESS. THE A+ IMPACT SCORING AWARDED TO VIACT BY VENTUREBEAM FURTHER REINFORCED OUR REPUTATION, GIVING GLOBAL INVESTORS GREATER CONFIDENCE TO JOIN OUR MISSION IN TRANSFORMING WORKPLACE SAFETY, BELIEVING IN OUR ‘AI FOR GOOD’ MOTTO,” SAID GARY NG, CHIEF EXECUTIVE OFFICER AND CO-FOUNDER, VIACT.
“VIACT IS A PRIME EXAMPLE OF HOW HIGH-IMPACT, SCALABLE COMPANIES ARE EMERGING FROM THE GLOBAL STARTUP ECOSYSTEM. AT VENTUREWAVE CAPITAL, WE BACK VISIONARY FOUNDERS WHO ARE LEVERAGING TECHNOLOGY TO TRANSFORM INDUSTRIES, AND VIACT IS DOING EXACTLY THAT IN AI-POWERED SUSTAINABILITY AND WORKPLACE SAFETY. THIS INVESTMENT, ALONGSIDE GLOBAL INVESTORS, HIGHLIGHTS THE INCREASING INTERNATIONAL COLLABORATION IN SERIES A AND B ROUNDS—SHOWCASING HOW STRATEGIC PARTNERSHIPS FACILITATED BY VENTUREBEAM ARE ENABLING STARTUPS LIKE VIACT TO ACCELERATE GROWTH ACROSS KEY MARKETS.
WE LOOK FORWARD TO SUPPORTING VIACT AS THEY EXPAND THEIR IMPACT ACROSS ASIA, EUROPE, THE MIDDLE EAST, AND BEYOND,” SAID LINDA LIU, VICE PRESIDENT OF VENTUREWAVE CAPITAL.
“IT WAS A PLEASURE WORKING WITH VENTUREBEAM ON THE VIACT TRANSACTION. WE LOOK FORWARD TO ENGAGING WITH THEM ON VIACT AND OTHER POTENTIAL OPPORTUNITIES IN THE FUTURE,’ SAID EDGAR HARDLESS, CHIEF EXECUTIVE OFFICER, SINGTEL INNOV8.“AT KOREA INVESTMENT PARTNERS, WE ARE COMMITTED TO SUPPORTING VISIONARY COMPANIES THAT LEVERAGE CUTTING-EDGE TECHNOLOGY TO DRIVE MEANINGFUL IMPACT. VIACT’S AI-DRIVEN SOLUTIONS ARE TRANSFORMING WORKPLACE SAFETY AND OPERATIONAL EFFICIENCY ACROSS HIGH-RISK INDUSTRIES, AND WITH INCREASING GOVERNMENT MANDATES FOR VIDEO ANALYTICS IN CONSTRUCTION SAFETY, THE COMPANY IS WELL-POSITIONED FOR SIGNIFICANT GROWTH. WE ARE EXCITED TO BE PART OF VIACT’S JOURNEY AND LOOK FORWARD TO SEEING IT SCALE ITS INNOVATION GLOBALLY TO CREATE SAFER, SMARTER, AND MORE SUSTAINABLE WORK ENVIRONMENTS,” SAID SYNCLARE KIM, HEAD OF KOREA INVESTMENT PARTNERS SOUTHEAST ASIA.
This milestone deal, marking Venturebeam’s first anniversary in Asia, underscores its dedication to driving global impact through capital, technology, and innovation. Headquartered in London, Venturebeam launched in Asia with an exclusive event in March 2024 at Singapore’s Four Seasons Hotel, attended by over 100 venture capital firms, family offices, and industry leaders. The event featured renowned serial entrepreneur and investor Taizo Son, a key supporter and investor in Venturebeam. In his keynote speech, Taizo Son emphasized his belief in Venturebeam as a partner aligned with his vision of creating a Silicon Valley-like ecosystem in Asia, one that connects investors with exceptional entrepreneurs.
As the world’s largest impact investor platform, Venturebeam is reshaping the venture investment landscape by transforming how companies access capital. As a central hub for investors with over US$10 billion AUM, Venturebeam connects, shares, and analyzes deal flow while managing secondary transactions. The platform supports impact-driven entrepreneurs who are pioneering innovations for a sustainable future. In Southeast Asia, Venturebeam is focused on nurturing emerging ecosystems in countries like Singapore, Indonesia, Vietnam, and the Philippines, unlocking their full potential. This aligns with Venturebeam’s broader mission to advance impact investing as a leading sector for global asset allocation, particularly in the Asia-Pacific region. In June 2024, Venturebeam facilitated a €30 million Series B funding round for XOCEAN alongside VentureWave Capital, Endeavor Catalyst, and Enterprise Ireland. The company, a leader in carbon-neutral ocean data, has used the funding to expand into Australia with a new technical center in Melbourne.
A significant milestone for Venturebeam is the launch of its free-to-use proprietary tool, the ‘Venture Impact Score,’ designed to help venture-backed companies measure and share their global impact. As part of this, Venturebeam has partnered with Google Startups for Sustainable Development (SFSD) to create a comprehensive ecosystem for startups driving meaningful progress toward global sustainable development. This partnership will allow companies in the Google SFSD program to access Venturebeam’s capital-raising support and investor network. The Venture Impact Score will help them assess and enhance their impact.
Since its Asia launch, Venturebeam has led the charge in impact investing, steadily expanding its network of over 200 venture capital firms, family offices, and professional investors. During the Singapore Week of Innovation and Technology (SWITCH) 2024, Venturebeam hosted an exclusive, invitation-only roundtable dinner to explore the transformative potential and global implications of AI. The event brought together thought leaders, founders, and investors in AI, focusing on near-term prospects, challenges, and trends. In recognition of its leadership in impact and sustainability, Venturebeam received the inaugural ‘SME Rising Star in Sustainability’ award at the EuroCham Sustainability Awards 2024, presented by Singapore’s Deputy Prime Minister Heng Swee Keat.
About Venturebeam
Venturebeam is a global investment platform with a worldwide investor network of over $10 billion in assets under management (AUM) backing impact-driven entrepreneurs who are shaping the future of our planet.
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