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 (60% of deals). Average disclosed round size is $27.5M (across 10 rounds with reported amounts).
Portfolio
9
Fund Size
—
Top Stage
Series A
Last 12 Mo
0
Team
NT
Nicholas Thibeault
Managing Partner
AD
Anthony Diggle
Asset Manager
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Veremark | Series B | $3M | Apr 2024 |
 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 |
 JigSpace Inc. | Series A | $4.7M | Jun 2021 |
 Kaso | Seed | $10.5M | — |
 Peddlr | Seed | $215M | — |
Top Co-Investors
Hustle Fund2 shared
Do Ventures2 shared
Forefront Venture Partners2 shared
Investible1 shared
Corazon Capital1 shared
Iterative1 shared
Partech Africa1 shared
Redbadge Pacific1 shared
Vertex Ventures Southeast Asia and India1 shared
Samaipata1 shared
Stage 2 Capital1 shared
ACF Investors1 shared
Pioneer Fund1 shared
Y Combinator1 shared
Endeavor1 shared
TNB Aura1 shared
500 Global1 shared
Foxmont Capital Partners1 shared
January Capital1 shared
Kaya Founders1 shared
Last updated: 7 September 2026