About Raging Bull
Raging Bull is a venture capital firm located in Singapore. As of Jan 2021, Raging Bull has invested in 8 companies. It primarily invests in Series A round in Singapore based startups. Its investments are spread across a wide range of sectors from Retail to Enterprise Applications and Consumer. Most recently it participated in the $***** Seed round of Swirl.GO Overall, Raging Bull portfolio has seen 4 IPOs including key companies like BeLive Technology, Lottery and VanityTrove. A lot of funds co-invest with Raging Bull, with names like Walden International sharing a substantial percentage of its portfolio. Raging Bull has team of 1 people including 1 partners.Key Metrics
Team Members
Ivan Lee &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Portfolio IPOs
Raging Bull's List of Top Investments
Raging Bull has a portfolio of 8 companies. Their most notable investmentis in Swirl.GOTheir portfolio spans across Singapore, United States and Vietnam. They have invested in Retail, Enterprise Applications, Consumer and 5 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Raging Bull:Key facts about BeLive Technology
- Founded Year: 2014
- Location: Ho Chi Minh City (Vietnam)
- Stage: Public
- Total Funding till date: $8.39M
- Investors: Raging Bull, Mediacorp and 13 Others
- Latest Funding Round: Series A, Jan 13, 2022, $*****
- Highlight: Public

2. Lottery
Online gambling platform offering lottery-based games. The platform enables users to wager on lottery games and claim to win prizes. Also, users get statistics reports on the lottery results, live notifications, etc. It offers features like optimum cashouts, claims safe to use, and more. The mobile app is available for Android and iOS platforms.
Key facts about Lottery
- Founded Year: 2015
- Location: Spicewood (United States)
- Annual Revenue: $6.78M as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $20M
- Employee Count: 10 as on Dec 31, 2023
- Investors: DNA, SilverHaze Partners and 25 Others
- Latest Funding Round: Post IPO, Dec 18, 2023, $*****
- Highlight: Public

3. Tabsquare
AI-powered solutions for F&B, enhancing operations and customer experiences. The company provides an end-to-end growth platform for the food and beverage industry, offering expertise and technology to help businesses thrive. Their solutions include a customer marketing platform with personalized offers and loyalty programs, customer ordering with QR code menus and self-service kiosks, flexible payment options, order and queue management, and AI dining discovery with personalized restaurant recommendations. The platform integrates with existing POS, payment, and loyalty systems, enabling data-driven decisions. They specialize in guiding restaurants through digital transformations, offering tailored strategies to streamline operations from ordering to payments. The company focuses on AI-driven revenue growth, AI-powered business insights, AI-enhanced customer profiling, and streamlined operations. They offer industry expertise and support to navigate evolving trends and customer expectations. This is a B2B SaaS platform.
Key facts about Tabsquare
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: 7.91M SGD as on Dec 31, 2024
- Stage: Series B
- Total Funding till date: $9.82M
- Employee Count: 152 as on Jul 01, 2024
- Investors: Innoven Capital, Genting Ventures and 28 Others
- Latest Funding Round: Series B, Oct 10, 2018, $*****
- Highlight: Editors' Pick
4. Grain
Grain is an internet first restaurant which delivers various meals, side dishes, desserts, and drinks. It enables customers to get meals delivered or pick up the meal from a pickup point. It also provides catering services for events.
Key facts about Grain
Raging Bull's Year-on-Year Investment Trends
Raging Bull has invested in 8 companies over the last 10 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Swirl.GO.Raging Bull's Investments by Stage
Raging Bull has made 2 investments in Series A stage with an average round size of $2.6M and 1 investment in Seed stage.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Seed | 1 |
Note: We have considered here, only first round of investments
Raging Bull's Investments by Sector
Raging Bull has a diverse portfolio, with companies operating in the Food and Agriculture Tech, Consumer, Enterprise Applications, Retail and Vertical SaaS. Notably, it has invested in 7 Tech companies, 5 Consumer (B2C) companies, 3 Enterprise (B2B) companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Food and Agriculture Tech | 3 |
Consumer | 1 |
Enterprise Applications | 1 |
Retail | 1 |
Vertical SaaS | 1 |
Note: We have considered here, only first round of investments
Raging Bull's Investments by Geography
Raging Bull has made most investments in Singapore (3).Raging Bull's recent investments
Raging Bull has not made any investment in 2026 so far.Here are the most recent investments by Raging Bull:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 12, 2021 | Singapore | Seed | 2958 | [+1] | |
Feb 08, 2018 | Singapore | Series A | 4037 | [+5] | |
Apr 14, 2016 | Singapore | Series A | 8118 | [+3] |
IPOs and Publicly Listed companies in Raging Bull's Portfolio
4 of Raging Bull's portfolio companies have become public. BeLive Technology got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2025 at marketcap of $42.4M and Lottery got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).Here are Raging Bull's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 04, 2025 | - | - | 3131 | |
Oct 29, 2021 | - | - | 7205 | |
- | - | - | 9122 | |
- | - | - | 2269 |
Team profile of Raging Bull
Raging Bull has a team of 1 member located in Singapore. Raging Bull's team does not sit on the board of any company as of now.Co-investors of Raging Bull
Over the past 10 years, 24 investors have co-invested in Raging Bull's portfolio companies. This includes funds and angels.
- Invested before Raging Bull: 500 Durians, Ivan Lee and 5 others have invested in rounds before Raging Bull. There is 1 company where 500 Durians has invested before Raging Bull and 1 company where Ivan Lee has invested before Raging Bull.
- Top Co-investors of Raging Bull: 9 investors entered a company along with Raging Bull. These include investors like Walden International (1 company).
- Invested after Raging Bull: A total of 8 investors have invested in Raging Bull's portfolio after their investments. Top Investors include Kakaku.com (1 company), Coca-Cola Europacific Partners (1 company) and Singha Ventures (1 company).
