Vulpes (Vulpes Investment Management) is a Singapore-based alternative investment manager originally established as a hedge fund and now operating a venture capital arm (Vulpes Ventures) investing in early-stage tech startups across Asia-Pacific. The firm takes a hedge-fund-style approach to venture investing with a diversified portfolio of over 50 companies.
Their most common stage is series-a (45% of deals). Average disclosed round size is $15.3M (across 20 rounds with reported amounts).
Portfolio
16
Fund Size
—
Top Stage
Series A
Last 12 Mo
0
Team
NT
Nicholas Thibeault
Managing Partner
SB
Solon Bro
Managing Director, Sustainable Investments
AD
Anthony Diggle
Asset Manager
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
22 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| CCitics | Unknown | $2.1M | Jan 2025 |
 Veremark | Series B | $3M | Apr 2024 |
 Avarni | Seed | — | Nov 2023 |
 ThoughtFull | Series A | $4M | Mar 2023 |
 Vuihoc | Series A | $6M | Jan 2023 |
 Flexos | Seed | $1M | Jan 2023 |
 Propseller | Series A | $12M | Aug 2022 |
 Fileinvite | Series A | $10M | Jul 2022 |
| FFoodmap | Series A | $3M | Jan 2022 |
| Fileinvite | Series A | $10M | Jan 2022 |
| Vuihoc | Bridge | $2M | Jan 2022 |
| CCitics Vn | Debt | $1M | Oct 2021 |
 JigSpace Inc. | Series A | $4.7M | Jun 2021 |
 JigSpace | Series A | $6M | Jan 2021 |
| CCitics | Debt | $1M | Jan 2021 |
| CCitics Vn | Debt | $1M | Jan 2021 |
| JigSpace | Seed | — | Jan 2019 |
 Kaso | Seed | $10.5M | — |
 Peddlr | Seed | $215M | — |
| MManettas Seafood Market | Series A | $8M | — |
| IIntelligent Video Solutions Ivs | Series B | $3.2M | — |
| Avarni | Series A | $3M | — |
Top Co-Investors
Investible4 shared
Hustle Fund2 shared
Do Ventures2 shared
Endeavor2 shared
Colopl Next2 shared
Forefront Venture Partners2 shared
Startmate2 shared
Main Sequence2 shared
Corazon Capital1 shared
Iterative1 shared
Partech Africa1 shared
Redbadge Pacific1 shared
Samaipata1 shared
Stage 2 Capital1 shared
ACF Investors1 shared
Pioneer Fund1 shared
Y Combinator1 shared
Global Founders Capital1 shared
Novo Capital1 shared
Last updated: 20 October 2026