About Analog Capital
Analog Capital is a venture capital firm founded in 2013. It is primarily based out of Singapore, Singapore. As of Apr 2026, Analog Capital is an active investor, having invested in 52 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in Indonesia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Series A round of Baskit Overall, Analog Capital portfolio has seen 4 unicorns, 3 IPOs and 2 acquisitions including key companies like Grab, Snapchat and Coursera. A lot of funds co-invest with Analog Capital, with names like Patrick Walujo sharing a substantial percentage of its portfolio. Analog Capital has team of 21 people including 5 partners.Key Metrics
Analog Capital's List of Top Investments
Analog Capital has a portfolio of 52 companies, including 4 unicorns. Their most notable investments are in Qapita and Bluecopa.Their portfolio spans across Singapore, Indonesia, India and 6 more locations. They have invested in Enterprise Applications, Consumer, Retail and 25 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Analog Capital:1. Grab
Operator of a platform providing ride-hailing, food delivery, and payment services. The platform offers options for transportation, on-demand delivery, and various financial solutions. It facilitates connections between consumers, drivers, and merchants. The platform also provides tools and resources for business and enterprise clients.
Key facts about Grab
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $10.4B
- Employee Count: 56,187 as on May 31, 2026
- Investors: Glean Management, Toyota and 107 Others
- Latest Funding Round: Post IPO, Jul 27, 2021, $*****
- Highlight: Public
2. Snapchat
Provider of multimedia messaging application. It offers users to send ephemeral messages to others. It provides solutions to capture photos and videos from their devices, edit with multiple filters, and share photos and video clip messages with friends. It offers features such as short videos, live video chatting, messaging, creating Bitmoji avatars, and sharing photos and videos through stories. It also provides a memories feature that allows users to store the snaps and stories in a private storage area. The application is available for both Android and iOS users.
Key facts about Snapchat
- Founded Year: 2011
- Location: Los Angeles (United States)
- Annual Revenue: $1B+ as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $2.62B
- Employee Count: 1,001 - 5,000 as on May 31, 2026
- Investors: Meritech, ADS Ventures and 61 Others
- Latest Funding Round: Post IPO, Aug 07, 2018, $*****
- Highlight: Public
3. Coursera
Provider of online courses, professional certificates, and degree programs. The platform collaborates with universities and companies to deliver educational content. It offers opportunities for individuals to learn new skills and advance their careers. The platform provides learning resources for businesses to train their workforce.
Key facts about Coursera
- Founded Year: 2012
- Location: Mountain View (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $443M
- Employee Count: 6,501 as on May 31, 2026
- Investors: HTIF, Sprout Capital Partners and 48 Others
- Latest Funding Round: Series F, Jul 17, 2020, $*****
- Highlight: Public
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4. Square Yards
Provider of integrated technology-driven real estate solutions for buying, selling and renting properties. The company offers a full-stack proptech platform that aggregates real estate and mortgage marketplaces, allowing consumers to navigate the entire property journey seamlessly. Its integrated platform enables users to discover, purchase, and manage properties with ease, backed by trusted real estate developers and mortgage solutions.
Key facts about Square Yards
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $160M
- Employee Count: 9,387 as on Jul 31, 2026
- Investors: ADM Capital, Smilegate and 27 Others
- Latest Funding Round: Series C, Jun 23, 2026, $*****
- Highlight: Editors' Pick
5. Cohere
Developer of enterprise AI platform and multilingual language and retrieval models. The company provides tools for workplace productivity, intelligent search, and semantic text representation. It offers models for relevance-based result refinement and high-performance generative tasks. The platform supports customization and private deployments, catering to various industries. It also provides developer resources, including API access and technical documentation.
Key facts about Cohere
- Founded Year: 2019
- Location: Toronto (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $1.54B
- Employee Count: 1,180 as on Jul 31, 2026
- Investors: Sapphire Ventures, Index Ventures and 36 Others
- Latest Funding Round: Series D, Sep 24, 2025, $*****
- Highlight: Editors' Pick
Analog Capital's Year-on-Year Investment Trends
Analog Capital has invested in 52 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment, while as of Apr 2026, it has made 2 investments in this year. Its most recent first time investment was in Baskit and most recent follow-on round was in Qapita.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 1 | 0 | 1 |
2024 | 0 | 1 | 1 |
2023 | 0 | 0 | 0 |
2022 | 4 | 0 | 4 |
2021 | 3 | 2 | 5 |
2020 | 3 | 0 | 3 |
2019 | 2 | 0 | 2 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
Analog Capital's Investments by Stage
Analog Capital has made 8 investments in Seed stage with an average round size of $3.75M, 6 investments in Series A stage with an average round size of $7.57M, 1 investment in Series B stage with an average round size of $50M and 1 investment in Series F stage with an average round size of $24M.Stage of entry | No. of Investments |
|---|---|
Seed | 8 |
Series A | 6 |
Series B | 1 |
Series F | 1 |
Note: We have considered here, only first round of investments
Analog Capital's Investments by Sector
Analog Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Vertical SaaS, Consumer and Financial Services. Notably, it has invested in 43 Tech companies, 35 Enterprise (B2B) companies, 24 Software companies and at least 15 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
FinTech | 8 |
Vertical SaaS | 4 |
Consumer | 3 |
Financial Services | 3 |
Others | 14 |
Note: We have considered here, only first round of investments
Analog Capital's Investments by Geography
Analog Capital has made most investments in Indonesia (6), followed by Singapore where it has made 5 investments.Country | No. of Investments |
|---|---|
Indonesia | 6 |
Singapore | 5 |
India | 4 |
Australia | 2 |
Note: We have considered here, only first round of investments
Analog Capital's recent investments
Analog Capital has made 2 investments in 2026 so far - Baskit and Idfy.Here are the most recent investments by Analog Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 15, 2026 | Indonesia | Series A | 9755 | [+2] | |
Feb 13, 2026 | India | Series F | 7637 | [+5] | |
Jul 21, 2025 | India | Series A | 6854 | [+2] | |
Feb 28, 2024 | Singapore | Series A | 1546 | [+5] | |
May 13, 2022 | Indonesia | Seed | 4728 | [+3] |
Unicorns in Analog Capital's Portfolio
Analog Capital has 4 unicorns in its portfolio - Square Yards, Cohere, Kopi Kenangan and others. The most recent unicorn in their portfolio is Square Yards. It became a unicorn in 2026.Here is a list of unicorns in Analog Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
80 | Provider of integrated technology-driven real estate solutions for buying, selling and renting properties | 2014 | Gurugram | Series C | {igkraj | ||
78 | Developer of enterprise AI platform and multilingual language and retrieval models | 2019 | Toronto | Series D | {pegrfb | ||
77 | Chain of limited service restaurant serving coffee | 2017 | Jakarta | Series C | flpdbnj | ||
59 | Provider of digital identity verification | 2016 | Singapore | Series D | qtezumr |
IPOs and Publicly Listed companies in Analog Capital's Portfolio
3 of Analog Capital's portfolio companies have become public. Grab got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Dec 2021 at marketcap of $40B and Coursera got listed on the New York Stock Exchange (NYSE) at marketcap of $4.3B.Here are Analog Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 01, 2021 | - | - | 9390 | |
Mar 31, 2021 | - | - | 8353 | |
Mar 03, 2017 | - | - | 9200 |
Acquired companies in Analog Capital's Portfolio
2 companies from Analog Capital's portfolio have been acquired. The most recent acquisition was Gaji Gesa in Feb 2025 by Kredivo for $*****.Here are Analog Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 26, 2025 | Feb 03, 2021 | Seed | 7745 | |
Aug 07, 2024 | Dec 20, 2020 | Seed | 7441 |
Team profile of Analog Capital
Analog Capital has a team of 21 members including 5 Partners and 11 Principals located in Singapore, Vietnam and 2 more locations. Analog Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Analog Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | ||
Partner | Boston | - | ||
Partner | Singapore | - | - | |
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Principal | Singapore | - | ||
Principal | Singapore | - | ||
Principal | Singapore | - | ||
Principal | Ho Chi Minh City | - | ||
Principal | Singapore | - | - | |
Principal | Philippines | - |
Co-investors of Analog Capital
Over the past 9 years, 207 investors have co-invested in Analog Capital's portfolio companies. This includes funds and angels.
- Invested before Analog Capital: Blume Venture, Beenext and 86 others have invested in rounds before Analog Capital. There are 2 companies where Blume Venture has invested before Analog Capital and 2 companies where Beenext has invested before Analog Capital.
- Top Co-investors of Analog Capital: 59 investors entered a company along with Analog Capital. These include investors like Patrick Walujo (2 companies).
- Invested after Analog Capital: A total of 60 investors have invested in Analog Capital's portfolio after their investments. Top Investors include Altara Ventures (2 companies), MassMutual Ventures (2 companies) and Mindlance (1 company).
Recent News related to Analog Capital
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IDfy Raises $53 Mn Led by Neo Secondaries FundEntrackr•Feb 13, 2026•Idfy, Analog Capital, Blume Venture, Kae Capital and 2 others
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Bluecopa Bags $7.5 Mn To Fuel Global ExpansionInc42•Jan 12, 2026•Analog Capital, Bluecopa, Dallas Venture Capital, Blume Venture and 1 other
