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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.
Key Metrics
Founded Year
2016
Location
Hong Kong, China
Portfolio Companies
Sectors of Investment
Stages of Investment
Series B
Locations of Investment

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:
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

  • Founded Year: 2018
  • Location: Singapore (Singapore)
  • Annual Revenue: $0 - $1M as on Dec 31, 2020
  • Stage: Series B
  • Total Funding till date: $81.2M
  • Employee Count: 113 as on Sep 30, 2026
  • Investors: UOB, Hanwha and 10 Others
  • Latest Funding Round: Series B, Nov 02, 2022, $*****
  • Highlight: Editors' Pick
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

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.
Here are Raffles' investments by sector:
Sector
No. of Investments
Blockchain - Industry Applications
1
Enterprise Applications
1
FinTech
1
High Tech
1
Life Sciences
1
Others
1
Breakdown of Raffles' investments by sectorsBlockchain - Indu... (1)Enterprise Applic... (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.
Here are Raffles' investments by geography:
Country
No. of Investments
China
2
Singapore
1
Breakdown of Raffles' investments by countriesChina (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
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 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 Singapore CEOPrivatebankerinternational•May 28, 2024•Raffles
View all news related to Raffles

FAQs about Raffles

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