Temasek is a Singaporean state-owned global investment company incorporated in 1974 under the Singapore Companies Act to own and commercially manage investments and assets. It invests across a broad range of sectors including financial services, telecommunications, media, technology, consumer goods, life sciences, and agri-food, with a strategic focus on growth and late-stage investments.
Deal activity increased 217% year-over-year (19 deals in the last 12 months). Average disclosed round size is $317.6M (across 240 rounds with reported amounts).
Portfolio
203
Fund Size
$3.3B
Top Stage
Series C
Last 12 Mo
12
Team
Ankit KHEMKA
Managing Director, GCC Managing Director, Structuring & Execution
Aseem SOOD
Managing Director, Real Estate
Belinda TAN
Managing Director, Finance (Financial Management)
Benjamin HONIG
Managing Director, Europe
CHANG Yuliang
Managing Director, China
Eddy HO
Managing Director, Emerging Technologies
Ethan PARK
Managing Director, Asia Pacific (ex. China & India)
Franziska ZIMMERMANN
Managing Director, Sustainability
Grace GOH
Managing Director, Special Projects
Horace TING
Managing Director, Operations
Jason SUN Xianbing
Managing Director, China Chief Representative, Beijing
Johan DULAT
Head, Structuring & Execution Managing Director, Portfolio Development
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Rize | Series B | $31M | Jul 2026 |
 Terawatt Technology | Series C | — | Apr 2026 |
 Tropic | Series C | $105M | Mar 2026 |
 Rhoda AI | Series D | $450M | Mar 2026 |
 PsiQuantum | Series C | — | Jan 2026 |
 Cure.fit | Series G | — | Jan 2026 |
 Upscale.ai | Series A | $190M | Jan 2026 |
 D3 Bio | Series C | $108M | Dec 2025 |
| BBFL | Series B | $300M | Dec 2025 |
 PhysicsX | Series B | $155M | Nov 2025 |
 d-Matrix | Series C | $275M | Nov 2025 |
 Cusp | Series A | — | Sep 2025 |
 Field AI | Growth | $405M | Aug 2025 |
| Terawatt Technology | Series C | — | Jul 2025 |
 iCapital | Unknown | $820M | Jul 2025 |
| PhysicsX | Series B | — | Jun 2025 |
| PhysicsX | Series C | $135M | Jun 2025 |
 Whale | Series C | $60M | May 2025 |
 ElectraSteel | Series B | $186M | Apr 2025 |
| ElectraSteel | Series D | $129M | Apr 2025 |
 Mainspring Energy | Series F | $258M | Apr 2025 |
 Fairmat | Series B | $51.5M | Apr 2025 |
 Novotech | Unknown | — | Mar 2025 |
 Country Delight | Series E | $25M | Mar 2025 |
 Arbor Biotechnologies | Series C | $73.9M | Mar 2025 |
Top Co-Investors
Last updated: 7 September 2026