About XA Network
XA Network, established in 2018, is an angel investment group based in Singapore, Singapore. It primarily focuses on Seed investments in companies in Singapore. Its portfolio includes 41 firms, spanning the Enterprise Applications, High Tech sectors. Its most notable investments include companies like Neuron, Osome and Intellect. As of Sep 2026, XA Network has witnessed 4 portfolio exits. Its latest investment was a $2.6M Seed round in Datakrew on Mar 18, 2026, which also saw participation from Greenwillow Capital Management and Beenext.
To date, 124 investors have co-invested in XA Network's portfolio companies, including prominent names like 10 Square Capital.
XA Network's List of Top Investments
XA Network has a portfolio of 41 companies. Their most notable investments are in Semaai and Propseller.Their portfolio spans across Singapore, Indonesia, United States and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 19 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by XA Network:
1. Neuron
App-based rental platform of electric kick-scooter and bicycle. . The platform provides app where riders can scan QR codes to unlock the vehicle. They can make online payments and end the trip by clicking a photo of the scooter parked at a designated station. It uses its self-developed fleet of electric kick-scooters and bicycles. They also offers charging stations for the kick-scooters. The mobile app is available for both Android and iOS devices.
Key facts about Neuron
- Founded Year: 2016
- Location: Singapore (Singapore)
- Annual Revenue: $10M - $50M as on Dec 31, 2022
- Stage: Acquired
- Total Funding till date: $77.7M
- Employee Count: 124 as on Jul 31, 2026
- Investors: Genesis Ventures, EDBI and 10 Others
- Latest Funding Round: Series B, Apr 27, 2022, $*****
- Highlight: Acquired
2. Osome
Provider of company incorporation, accounting, and corporate secretarial services. The company offers services including company registration, bookkeeping, tax preparation, and regulatory compliance. It provides software for invoicing, bank integration, and financial reporting. The company also offers nominee director services and assistance with opening business bank accounts.
Key facts about Osome
- Founded Year: 2017
- Location: Singapore (Singapore)
- Annual Revenue: SGD 10M - 50M as on Apr 30, 2023
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $75M
- Employee Count: 456 as on Jul 31, 2026
- Investors: ACE & Company, Terra VC and 54 Others
- Latest Funding Round: Conventional Debt, May 17, 2024, $*****
- Highlight: Editors' Pick

3. Intellect
Provider of integrated mental healthcare solutions for workforces. The solution includes employee assistance programs, clinical services, consulting, and holistic healthcare options. It offers self care apps, skill building programs, access to licensed psychologists and behavioral health coaches, and a network of providers. Services are designed to support both individual and organizational mental wellbeing goals. It offers features such as self care app, perfonalized mental health journeys, wellbeing analytics, and more.
Key facts about Intellect
- Founded Year: 2019
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2023
- Stage: Series A
- Total Funding till date: $22.2M
- Employee Count: 710 as on Jul 31, 2026
- Investors: JAFCO Asia, MS&AD Ventures and 38 Others
- Latest Funding Round: Series A, Mar 15, 2023, $*****
- Highlight: Editors' Pick

4. TurtleTree
Producer of cell-based sustainable food and dairy product alternatives. The company uses cell-based technology to extract cell samples from cattle that are further grown in a proliferate growth medium into muscle fiber and dairy ingredients and are used for the production of cultivated meat and dairy products.
Key facts about TurtleTree
- Founded Year: 2019
- Location: Singapore (Singapore)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $42.3M
- Employee Count: 18 as on Jul 31, 2026
- Investors: Highfield Capital, Smile Group and 27 Others
- Latest Funding Round: Series A, Jul 09, 2026, $*****
- Highlight: Editors' Pick

5. Spenmo
Cloud-based corporate cards and expense management solutions. It provides virtual and physical corporate cards for employees. It offers automation for expense reports along with online payments, payment cards for each employee, spending limits for users, purchase categorization, expense analytics, transaction data flow, and more.
Key facts about Spenmo
- Founded Year: 2019
- Location: Singapore (Singapore)
- Annual Revenue: SGD 0 - 1M as on Dec 31, 2020
- Stage: Series B
- Total Funding till date: $121M
- Employee Count: 68 as on Aug 06, 2025
- Investors: Salesforce Ventures, Global Founders Capital and 36 Others
- Latest Funding Round: Series B, Jan 2022, $*****
- Highlight: Editors' Pick
XA Network's Year-on-Year Investment Trends
XA Network has invested in 41 companies over the last 7 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Datakrew and most recent follow-on round was in Semaai.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 2 | 2 | 4 |
2023 | 5 | 0 | 5 |
2022 | 5 | 1 | 6 |
2021 | 11 | 3 | 14 |
2020 | 6 | 0 | 6 |
2019 | 1 | 0 | 1 |
XA Network's Investments by Stage
XA Network has made 29 investments in Seed stage with an average round size of $2.61M and 3 investments in Series A stage with an average round size of $4.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 29 |
Series A | 3 |
Note: We have considered here, only first round of investments
XA Network's Investments by Sector
XA Network has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, EdTech and Environment Tech. Notably, it has invested in 38 Tech companies, 27 Enterprise (B2B) companies, 26 Software companies and at least 13 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 16 |
FinTech | 8 |
Consumer | 7 |
EdTech | 3 |
Environment Tech | 3 |
Others | 35 |
Note: We have considered here, only first round of investments
XA Network's Investments by Geography
XA Network has made most investments in Singapore (19), followed by Indonesia where it has made 5 investments.Country | No. of Investments |
|---|---|
Singapore | 19 |
Indonesia | 5 |
United States | 3 |
Vietnam | 2 |
Philippines | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
XA Network's recent investments
XA Network has made 1 investments in 2026 so far - Datakrew.Here are the most recent investments by XA Network:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 18, 2026 | Singapore | Seed | 6881 | ||
Mar 18, 2025 | Singapore | Seed | 1459 | [+7] | |
Jul 02, 2024 | United States | Seed | 9305 | [+6] | |
May 20, 2024 | United States | Seed | 9456 | [+3] | |
Jan 08, 2024 | Indonesia | Seed | 2276 | [+7] |
Acquired companies in XA Network's Portfolio
4 companies from XA Network's portfolio have been acquired. The most recent acquisition was Neuron in Jul 2026 by Lime for $*****.Here are XA Network's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 06, 2026 | - | - | 9834 | |
Feb 25, 2025 | - | - | 7557 | |
Feb 29, 2024 | Aug 18, 2020 | Seed | 2616 | |
Jun 15, 2023 | - | - | 2910 |
Co-investors of XA Network
Over the past 7 years, 307 investors have co-invested in XA Network's portfolio companies. This includes funds and angels.
- Invested before XA Network: Y Combinator, Iterative and 45 others have invested in rounds before XA Network. There are 3 companies where Y Combinator has invested before XA Network and 3 companies where Iterative has invested before XA Network.
- Top Co-investors of XA Network: 124 investors entered a company along with XA Network. These include investors like 10 Square Capital (5 companies).
- Invested after XA Network: A total of 136 investors have invested in XA Network's portfolio after their investments. Top Investors include Monk's Hill Ventures (3 companies) and Tiger Global Management (2 companies).
Recent News related to XA Network
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SG deeptech startup Datakrew nets $2.6m pre-series ATech in Asia•Mar 18, 2026•SEEDS Capital, Angel List, Greenwillow Capital Management, Datakrew and 3 others
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XA Network Expands to Africa, Invests in Nigeria’s Crop2Cash, OthersBusiness Post Nigeria•Apr 25, 2025•XA Network, Crop2Cash
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Singapore-based healthtech startup raises US$2.2M from investors including Gojek, Syfe foundersVulcan Post•Mar 18, 2025•Mito Health, Forge Ventures, Y Combinator, CapitalX and 2 others
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PBR Life Sciences raises $1M pre-seed to expand AI-powered healthcare data platforms across AfricaCondia•Dec 20, 2024•PBR Life Sciences, Launch Africa, Microtraction, Kaleo Ventures and 6 others
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XA Network Expands to Africa, Invests in Nigeria's Crop2Cash, OthersBusiness Post Nigeria•Dec 19, 2024•XA Network
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Xa Network Expands To Africa With Launch Of Xa Africa, Backed By Tech VeteransPR Newswire•Oct 11, 2024•XA Network
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Most Active Fintech Investors in Southeast Asia in the Past 2 YearsFinTechnews•Aug 20, 2024•Antler, XA Network
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Singapore’s Loyalty Platform Heymax.ai Bags US$2.6 Million Seed FundingFinTechnews•Jul 02, 2024•Max, January Capital, Tenity, Ascend Angels and 1 other
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Nickel and Laterite Extraction Technology Developer Startup BANIQL Announces Initial FundingDailysocial•May 20, 2024•BANIQL, Beenext, Seedstars International Ventures, A2D Ventures and 1 other