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    OCTAVE Capital

    SingaporeFounded 1997
    www.octavecapital.coLinkedIn
    HealthcareEducationClimate & EnergyFood & AgricultureAIData & Analytics

    OCTAVE Capital (formerly Heritas Capital) is a Singapore-based private equity and venture capital impact investment firm founded in 1997 as the investment arm of the IMC Group. It invests in healthcare, education, climate, food systems, and smart platforms across Asia, backing companies from early-stage to growth.

    Average disclosed round size is $32.7M (across 18 rounds with reported amounts).

    Find people at OCTAVE Capital on Goldilocks AI

    Portfolio

    14

    Fund Size

    $75M

    Top Stage

    Series B

    Last 12 Mo

    0

    Team

    JY

    Jean Yves Chow

    Managing Director

    AT

    Axel Tan

    Director, Investments

    BC

    Benny Chng

    Associate Director, Investments

    ML

    May Liew

    Chief Executive Officer & Executive Director

    DK

    Desmond Kay

    Senior Associate

    GJ

    Gan JingJing

    Senior Associate

    JG

    Jonathan Gan

    Senior Associate

    SL

    Sean Leo

    Senior Associate

    RG

    Rohit Gupta

    Associate

    BL

    Bruno Lorenzon

    IC Member - Heritas Growth Fund & Heritas Venture Fund

    GT

    George Thia

    IC Member - Heritas Growth Fund

    RC

    Roy Chan, CFA, CAIA

    IC Member - Heritas Venture Fund

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    21 investments
    CompanyRoundAmountDate
    KKreedo Early Childhood SolutionsSeries A$4MAug 2024
    Kreedo logoKreedoSeries A$2.3MJan 2024
    Tessa logoTessaSeries A$126MJun 2022
    bound4blue logobound4blueUnknown$44MJan 2022
    CCakapSeries B$10MDec 2021
    Hummingbird Bioscience logoHummingbird BioscienceSeries C$125MMay 2021
    MFine logoMFineSeries C$16MJan 2021
    CCakapSeries B$10MJan 2021
    NNovocura Tech Health ServicesSeries C$48MJan 2021
    CCakapSeries A—Dec 2020
    Hummingbird Bioscience logoHummingbird BioscienceSeries B$25MMay 2020
    MFine logoMFineSeries B$17.2MApr 2019
    Pintek logoPintekSeries A$7MJan 2019
    Hummingbird Bioscience logoHummingbird BioscienceSeries B$19MJan 2019
    Hummingbird Bioscience logoHummingbird BioscienceSeries B—Jan 2019
    Holmusk logoHolmuskSeed$9.8MJan 2018
    Tessa logoTessaUnknown$80MDec 2017
    SSilverConnectSeed——
    Holmusk logoHolmuskSeries A$21.5M—
    JJio HealthSeries B$20M—
    HealthBeats logoHealthBeatsSeed$3M—

    Top Co-Investors

    SEEDS Capital6 shared
    Polaris Partners5 shared
    BEENEXT3 shared
    Stellaris Venture Partners3 shared
    SBI Investment3 shared
    EDBI3 shared
    Mirae Asset3 shared
    Alteria Capital2 shared
    Moore Strategic Ventures2 shared
    SBI Ven Capital2 shared
    Temasek Holdings (Private) Limited2 shared
    Centauri Fund2 shared
    Optum Ventures2 shared
    Cormorant Asset Management2 shared
    Shift4Good1 shared
    Banco Sabadell1 shared
    India Quotient1 shared
    Innospark Ventures1 shared
    Adaptive Capital Partners1 shared
    Springcamp1 shared

    Last updated: 7 October 2026