About Citrine Capital
Citrine Capital is a venture capital firm founded in 2019. It is primarily based out of Puchong, Malaysia. As of Jan 2022, Citrine Capital has invested in 7 companies. It primarily invests in Seed round in Singapore based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and Consumer. Most recently it participated in the $***** Series A round of Smarter Health Overall, Citrine Capital portfolio has seen 1 IPO, namely Foundation Healthcare. A lot of funds co-invest with Citrine Capital, with names like Elev8 sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed & Series A
Portfolio IPOs
Citrine Capital's List of Top Investments
Citrine Capital has a portfolio of 7 companies. Their most notable investments include ThoughtFull and reach52.Their portfolio spans across Singapore and Malaysia. They have invested in Enterprise Applications, HealthTech, Consumer and 3 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Citrine Capital:1. ThoughtFull
SaaS-based digital mental health solutions for employees, individuals, and insurers. The company has developed a digital platform that allows organizations to assist employees with mental health management. The company provides mental health programs, therapy sessions, intervention programs, and educational content for users. The app-based platform can be used by insurers to provide health interventions.
Key facts about ThoughtFull
- Founded Year: 2019
- Location: Kuala Lumpur (Malaysia)
- Annual Revenue: $0 - $1M as on Dec 31, 2023
- Stage: Seed
- Total Funding till date: $5.1M
- Employee Count: 104 as on Aug 31, 2026
- Investors: Vulpes Investment Management, Grab and 8 Others
- Latest Funding Round: Seed, Mar 23, 2023, $*****
- Highlight: Editors' Pick
2. reach52
Provider of value-based care management and benefit administrative tool for providers. The company has developed software that assists in accessing value-based care services. It has features for business collaborations and more.
Key facts about reach52
- Founded Year: 2017
- Location: Singapore (Singapore)
- Stage: Seed
- Employee Count: 87 as on Aug 31, 2026
- Investors: Zuellig Pharma, Boehringer Ingelheim and 5 Others
- Latest Funding Round: Seed, Dec 10, 2025, $*****
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3. Mesh Bio
Mesh Bio provides software for chronic disease management through predictive analytics. The software translates clinical data and numbers into actionable insights that help patients better manage their health, lifestyle, and disease risks. The software provides clinical decision support for healthcare professionals
Key facts about Mesh Bio
- Founded Year: 2018
- Location: Singapore (Singapore)
- Annual Revenue: SGD 0 - 1M as on Dec 31, 2022
- Stage: Series A
- Total Funding till date: $6.5M
- Employee Count: 28 as on Aug 31, 2026
- Investors: SEEDS Capital, YL Ventures and 17 Others
- Latest Funding Round: Series A, Oct 12, 2023, $*****
- Highlight: Editors' Pick
Key facts about Foundation Healthcare
- Founded Year: 2023
- Location: Singapore (Singapore)
- Stage: Public
- Employee Count: 66 as on Aug 31, 2026
- Investors: Emtek, East Ventures and 12 Others
- Latest Funding Round: Seed, Mar 27, 2023, $*****
- Highlight: Public
5. BiiB
BiiB is an app-based running event management platform. Features include event recording, challenge management, and more. Additionally, it also motivates runners to create and manage a runner community. The company's clientele includes Yakult, BROOKS, and MaGIC among others. Its mobile app is available for Android and iOS devices.
Key facts about BiiB
- Founded Year: 2015
- Location: Kuala Lumpur (Malaysia)
- Stage: Seed
- Total Funding till date: $46.4K
- Employee Count: 21 as on Aug 31, 2026
- Investors: Citrine Capital, ScaleUp Malaysia and 2 Others
- Latest Funding Round: Seed, Apr 15, 2020, $*****
Citrine Capital's Year-on-Year Investment Trends
Citrine Capital has invested in 7 companies over the last 5 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Smarter Health.Citrine Capital's Investments by Stage
Citrine Capital has made 1 investment in Seed stage with an average round size of $1.8M and 1 investment in Series A stage with an average round size of $4.07M.Citrine Capital's Investments by Sector
Citrine Capital has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech and FinTech. Notably, it has invested in 6 Tech companies, 5 Enterprise (B2B) companies, 5 Software companies and at least 2 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
HealthTech | 2 |
FinTech | 1 |
Note: We have considered here, only first round of investments
Citrine Capital's Investments by Geography
Citrine Capital has made most investments in Singapore (2).Citrine Capital's recent investments
Citrine Capital has not made any investment in 2026 so far.Here are the most recent investments by Citrine Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 03, 2022 | Singapore | Series A | 4323 | [+3] | |
Mar 10, 2021 | Singapore | Seed | 2908 | [+2] |
IPOs and Publicly Listed companies in Citrine Capital's Portfolio
1 of Citrine Capital's portfolio company became public - Foundation Healthcare. It got listed on the Singapore stock exchange. ( SGX), in Jul 2026 at marketcap of $188MHere are Citrine Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 08, 2026 | - | - | 3515 |
Co-investors of Citrine Capital
Over the past 5 years, 10 investors have co-invested in Citrine Capital's portfolio companies. This includes funds and angels.
- Top Co-investors of Citrine Capital: 7 investors entered a company along with Citrine Capital. These include investors like Elev8 (1 company).
- Invested after Citrine Capital: A total of 3 investors have invested in Citrine Capital's portfolio after their investments. Top Investors include East Ventures (1 company), elev8 (1 company) and SEEDS Capital (1 company).
Recent News related to Citrine Capital
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Meta Platforms, Inc. $META Shares Acquired by Financial Partners Group IncMarketBeat•Jan 03, 2026•Financialpc, Meta, HM Payson, I.M.S. (Investment & Management Services) Ltd. and 10 others
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Citrine Capital LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)MarketBeat•Mar 08, 2025•Citrine Capital, Nvidia
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Cache Raises $8.5M in Seed FundingFinSMEs•Mar 18, 2024•Cache, First Round Capital, Quiet Capital, Adero and 3 others
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Singapore’s Smarter Health raises US$3.8M led by East Ventures for SEA expansione27•Jan 04, 2022•Smarter Health, East Ventures, Emtek, Health Management International and 2 others
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AI Design Provider Renovai Closes on $3.7 Million Seed RoundHfbusiness•Aug 03, 2021•renovai, Verstra Ventures, Temple & Webster, Alchemist Accelerator and 5 others
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Healthtech Startup Mesh Bio In Singapore Raises $1.8 M In Seed FundingBioSpectrum Asia•Mar 23, 2021•Mesh Bio, Elev8, Seeds Capital, Citrine Capital and 1 other
