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    SGInnovate

    SingaporeFounded 2016
    www.sginnovate.comLinkedIn
    AIBiotech & Life SciencesClimate & EnergyFood & AgricultureManufacturingMobility & TransportationCrypto & Web3

    SGInnovate is a Singapore government-backed deep tech ecosystem builder and investor, wholly owned by the Singapore Government. It invests in early-stage, research-driven deep tech startups across areas such as AI, biotech, cleantech, agrifood, advanced manufacturing, and autonomous mobility, helping founders translate scientific research into commercial solutions.

    Deal activity decreased year-over-year (1 deals in the last 12 months vs 2 prior). Their most common stage is series-a (46% of deals). Average disclosed round size is $10.0M (across 24 rounds with reported amounts).

    Find people at SGInnovate on Goldilocks AI

    Portfolio

    24

    Fund Size

    —

    Top Stage

    Series A

    Last 12 Mo

    1

    Team

    Benjamin Lim

    Benjamin Lim

    DEPUTY DIRECTOR SEMICONDUCTORS, FINTECH, ENERGY & AUTOMATION

    Hsien-Hui Tong

    Hsien-Hui Tong

    Executive Director – Investments

    Jasmine Qiu

    Jasmine Qiu

    ASSISTANT DIRECTOR MEDTECH & BIOTECH

    Kellie Chan

    Kellie Chan

    ASSISTANT DIRECTOR GEN AI, CYBERSECURITY & QUANTUM

    Ms Juliana Lim

    Ms Juliana Lim

    Executive Director – People

    Tricia Chong

    Tricia Chong

    Deputy Director NEW MATERIALS, SPACETECH, AGRITECH & SUSTAINABILITY

    Jesslyn Tang

    Jesslyn Tang

    Manager INVESTMENT OPERATIONS

    Asher Lin

    Asher Lin

    ASSISTANT MANAGER GEN AI, CYBERSECURITY & QUANTUM

    Dr Lim Jui

    Dr Lim Jui

    Chief Executive Officer

    LOH Jia Yi

    LOH Jia Yi

    MANAGER AGRITECH & SUSTAINABILITY

    Michael Nai

    Michael Nai

    MANAGER SEMICONDUCTOR & FINTECH

    Mr Frank Phuan

    Mr Frank Phuan

    Board Member

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    28 investments
    CompanyRoundAmountDate
    Vycarb logoVycarbSeed$5MOct 2025
    Allay Therapeutics logoAllay TherapeuticsSeries D$57.5MJun 2025
    DiMuto logoDiMutoSeries A$5.9MAug 2024
    Neu Battery Materials logoNeu Battery MaterialsSeed$3.7MJul 2023
    Horizon Quantum logoHorizon QuantumSeries A$18.1MApr 2023
    HHorizon Quantum ComputingSeries A$18.1MJan 2023
    Mighty Jaxx International Pte. Ltd. logoMighty Jaxx International Pte. Ltd.Series A$20MMar 2022
    Pqcee logoPqceeUnknown$2.8MJan 2022
    AAffable.aiSeed$2MMay 2021
    Bot MD logoBot MDSeries A$5MFeb 2021
    DiMuto logoDiMutoUnknown$2.4MJan 2021
    SSee ModeSeries A$7MAug 2020
    NDR Medical logoNDR MedicalSeries A—Jan 2020
    MMoovazSeries A$7MJan 2020
    NNDR Medical Technology Pte LtdSeries A$8MJan 2020
    Lucence logoLucenceSeries A$20MNov 2019
    Biofourmis logoBiofourmisSeries B$35MMay 2019
    Blockpunk logoBlockpunkSeed$1.3MFeb 2019
    See-Mode Technologies logoSee-Mode TechnologiesSeed$1MJan 2019
    Blockpunk logoBlockpunkSeed$957KJan 2019
    SunGreenH2 logoSunGreenH2Seed$2M—
    Resync logoResyncSeed——
    Syenta logoSyentaSeries A——
    See-Mode Technologies logoSee-Mode TechnologiesSeries A$7M—
    Lucence logoLucenceSeed——
    Page 1 of 2

    Top Co-Investors

    Blackbird4 shared
    Peak XV Partners3 shared
    Cocoon Capital3 shared
    Entrepreneurs First3 shared
    SEEDS Capital3 shared
    Hustle Fund3 shared
    EDBI2 shared
    Expeditions2 shared
    Pappas Capital2 shared
    MassMutual Ventures Southeast Asia2 shared
    Mirana Ventures2 shared
    SeedPlus2 shared
    MassMutual1 shared
    Openspace Capital1 shared
    Aviva plc1 shared
    Tencent Investment1 shared
    Sequoia Capital1 shared
    Decacorn Capital1 shared
    Primary Venture Partners1 shared
    XA Network1 shared

    Last updated: 9 September 2026