About Raffles
Raffles is a family office founded in 2016. It is primarily based out of Hong Kong, China. As of Oct 2026, Raffles has invested in 3 companies. It primarily invests in Series B round in China based companies. Its investments are spread across a wide range of sectors from High Tech, Life Sciences. Its latest investment was a Undisclosed Series B round in Jingzhun Biomedical on Jul 03, 2023, which also saw participation from Jacobson Pharma and Sinocare.
A lot of funds co-invest with Raffles, with names like Click Ventures sharing a substantial percentage of its portfolio.
Raffles has a team of 55 people including 19 partners.
Raffles' List of All Investments
Raffles has a portfolio of 3 companies. Their most notable investments are in WorkTech and Jingzhun Biomedical.Their portfolio spans across China and Singapore. They have invested in High Tech, Life Sciences, Real Estate and Construction Tech and 2 other sectors, across stages such as Series B stage. Here is the list of all investments by Raffles:1. Lightnet
Lightnet provides money transfer solutions over blockchain networks. It provides a decentralized network enabling cross-border money transfer solutions through cryptocurrencies. It utilizes the Velo protocol to facilitate remittance transactions for underbanked banking transactions.
Key facts about Lightnet

2. WorkTech
WorkTech is a provider of managed co-working spaces. The company offers private offices, dedicated desks, customized offices, and more. Some of the amenities provided are WiFi, private lockers, reception services, meeting rooms, event spaces, printer services, and more. The company offers all the services for the monthly membership plans.
Key facts about WorkTech
- Founded Year: 2011
- Location: Hong Kong (China)
- Stage: Series B
- Total Funding till date: $25M
- Employee Count: 4 as on Sep 30, 2026
- Investors: Click Ventures, Raffles and 1 Other
- Latest Funding Round: Series B, Jan 29, 2020, $*****
- Highlight: Editors' Pick
Developer of microfluidic chip technology and nucleic acid detection devices. The company focuses on the development and commercialization of liquid biopsy products and services for early screening and disease management of cancer by using proprietary microfluidics and nucleic acid detection technology. The company products inlcude PCR and NGS devices.
Key facts about Jingzhun Biomedical
- Founded Year: 2018
- Location: Shenzhen (China)
- Stage: Series B
- Employee Count: 10 as on Sep 30, 2026
- Investors: Beyond Ventures, Raffles and 2 Others
- Latest Funding Round: Series B, Jul 03, 2023, $*****
Raffles' Year-on-Year Investment Trends
Raffles has invested in 3 companies over the last 6 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Jingzhun Biomedical.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
Raffles' Investments by Stage
Raffles has made 3 investments in Series B stage with an average round size of $25M.Raffles' Investments by Sector
Raffles has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, Enterprise Applications, FinTech, High Tech and Life Sciences. Notably, it has invested in 3 Enterprise (B2B) companies, 3 Tech companies, 1 Blockchain company and 1 company focusing on Software.Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 1 |
Enterprise Applications | 1 |
FinTech | 1 |
High Tech | 1 |
Life Sciences | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Raffles' Investments by Geography
Raffles has made most investments in China (2), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 2 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Raffles' recent investments
Raffles has not made any investment in 2026 so far.Here are the most recent investments by Raffles:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 03, 2023 | China | Series B | 5564 | [+1] | |
Nov 02, 2022 | Singapore | Series B | 8947 | - | |
Jan 29, 2020 | China | Series B | 9905 |
Team profile of Raffles
Raffles has a team of 55 members including 19 Partners and 27 Principals located in China, Singapore and 3 more locations. Raffles' team sits on the board of 1 company.Here is a list of top team members in Raffles:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | |||
Partner | Hong Kong | - | ||
Partner | Singapore | - | ||
Partner | Hong Kong | - | ||
Partner | Singapore | - | ||
Partner | Hong Kong | - | ||
Partner | Hong Kong | - | ||
Partner | Hong Kong | - | ||
Partner | Singapore | - | ||
Partner | Hong Kong | - | ||
Partner | Singapore | - |
Co-investors of Raffles
Over the past 6 years, 12 investors have co-invested in Raffles's portfolio companies. This includes only funds.
- Invested before Raffles: Seven Bank, Hanwha and 7 others have invested in rounds before Raffles. There is 1 company where Seven Bank has invested before Raffles and 1 company where Hanwha has invested before Raffles.
- Top Co-investors of Raffles: 3 investors entered a company along with Raffles. These include investors like Click Ventures (1 company).
Recent News related to Raffles
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Raffles Family Office opens new Singapore office, launches foundationThe Business Times•Apr 22, 2026•Raffles
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Raffles Family Office Expands Middle East Presence with New Board AdvisorHubbis•Dec 09, 2024•Raffles, The Yusuf Bin Ahmed Kanoo Group
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Zodia Custody partners with Raffles Family Office Group and QCPAsset Servicing Times•Nov 14, 2024•Zodia Custody, Raffles
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Raffles Family Office names group chief operating officerPrivatebankerinternational•Jul 12, 2024•Raffles
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Raffles Family Office taps Kendrick Lee as new Singapore CEOSingapore Business Review•May 29, 2024•Raffles
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Raffles Family Office names managing partner Kendrick Lee as Singapore CEOThe Business Times•May 27, 2024•Raffles
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