About SeedPlus
SeedPlus is a venture capital firm founded in 2015. It is primarily based out of Singapore, Singapore. As of Jul 2022, SeedPlus has invested in 22 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 Consumer and High Tech. Most recently it participated in the $***** Series B round of FairDee Overall, SeedPlus portfolio has seen 1 unicorn and 5 acquisitions including key companies like Moglix, FairDee and CardUp. A lot of funds co-invest with SeedPlus, with names like Accel sharing a substantial percentage of its portfolio. SeedPlus has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed & Series B
Portfolio Unicorns
SeedPlus' List of Top Investments
SeedPlus has a portfolio of 22 companies, one of which is a Unicorn. Their most notable investments are in Lapasar and BlockPunk.Their portfolio spans across Singapore, Indonesia, China and 4 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 15 other sectors, across stages such as Seed, Series B stages. Here is the list of top investments by SeedPlus:1. Moglix
B2B e-commerce platform for industrial supplies. It inclined towards B2B procurement of industrial supplies, in particular, MRO, safety, electrical & lighting, cleaning & laundry supplies, office supplies, tools and many more industry essentials.
Key facts about Moglix
- Founded Year: 2015
- Location: Singapore (Singapore)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $471M
- Employee Count: 1,326 as on Aug 31, 2025
- Investors: Accel, Alpha Wave Global and 30 Others
- Latest Funding Round: Series F, Jan 25, 2022, $*****
- Highlight: Editors' Pick
2. Neuron
App-based rental platform of electric kick-scooter and bicycle. . The platform provides app where riders can scan QR codes to unlock the vehicle. They can make online payments and end the trip by clicking a photo of the scooter parked at a designated station. It uses its self-developed fleet of electric kick-scooters and bicycles. They also offers charging stations for the kick-scooters. The mobile app is available for both Android and iOS devices.
Key facts about Neuron
- Founded Year: 2016
- Location: Singapore (Singapore)
- Annual Revenue: $10M - $50M as on Dec 31, 2022
- Stage: Series B
- Total Funding till date: $77.7M
- Employee Count: 124 as on Jun 30, 2026
- Investors: 500 Global, EDBI and 10 Others
- Latest Funding Round: Series B, Apr 27, 2022, $*****
- Highlight: Editors' Pick
3. Appknox
Provider of automated security testing software for mobile application development. This platform performs vulnerability assessments, penetration testing, and software bill of materials analysis to identify security risks within mobile applications. It integrates into development pipelines to detect vulnerabilities, monitor application stores for unauthorized versions, and ensure compliance with regulatory standards. The software provides remediation guidance to address security gaps throughout the application lifecycle.
Key facts about Appknox
- Founded Year: 2014
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2024
- Stage: Seed
- Total Funding till date: $669K
- Employee Count: 80 as on Jun 30, 2026
- Investors: Cisco, Jungle Ventures and 5 Others
- Latest Funding Round: Seed, Aug 17, 2016, $*****
- Highlight: Editors' Pick
4. Qoala
Provider of digital insurance products for health life and vehicles. This entity facilitates the online purchase and management of various protection policies. Offerings include coverage for medical expenses, life protection, and damage protection for motor vehicles. Users access these insurance products through a digital interface to compare options and manage policy details.
Key facts about Qoala
- Founded Year: 2018
- Location: Jakarta (Indonesia)
- Stage: Series C
- Total Funding till date: $134M
- Employee Count: 359 as on Jun 30, 2026
- Investors: Golden Gate Capital, MassMutual Ventures and 26 Others
- Latest Funding Round: Series C, Mar 27, 2024, $*****
- Highlight: Editors' Pick
5. FairDee
Provider of insurance quoting software. It offers solutions for life insurance, health insurance, accident insurance, and more. It features customer document management, insurance binding, and more. It also offers tools for car tax calculation, claims data, and more.
Key facts about FairDee
- Founded Year: 2017
- Location: Bangkok (Thailand)
- Annual Revenue: $10M - $50M as on Dec 31, 2024
- Stage: Acquired
- Total Funding till date: $65M
- Employee Count: 68 as on Jun 30, 2026
- Investors: Sequoia Capital, MassMutual Ventures and 11 Others
- Latest Funding Round: Series B, Jul 21, 2022, $*****
- Highlight: Acquired
SeedPlus' Year-on-Year Investment Trends
SeedPlus has invested in 22 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in FairDee and most recent follow-on round was in Qoala.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 1 | 2 |
2021 | 0 | 1 | 1 |
2020 | 0 | 4 | 4 |
2019 | 6 | 2 | 8 |
2018 | 5 | 1 | 6 |
2017 | 1 | 0 | 1 |
SeedPlus' Investments by Stage
SeedPlus has made 14 investments in Seed stage with an average round size of $1.5M and 1 investment in Series B stage with an average round size of $65M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series B | 1 |
Note: We have considered here, only first round of investments
SeedPlus' Investments by Sector
SeedPlus has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, FinTech and Energy Tech. Notably, it has invested in 21 Tech companies, 12 Enterprise (B2B) companies, 12 Software companies and at least 9 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
Consumer | 5 |
Retail | 5 |
FinTech | 4 |
Energy Tech | 2 |
Others | 21 |
Note: We have considered here, only first round of investments
SeedPlus' Investments by Geography
SeedPlus has made most investments in Singapore (9), followed by Indonesia where it has made 2 investments.Country | No. of Investments |
|---|---|
Singapore | 9 |
Indonesia | 2 |
Thailand | 2 |
China | 1 |
India | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
SeedPlus' recent investments
SeedPlus has not made any investment in 2026 so far.Here are the most recent investments by SeedPlus:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 21, 2022 | Thailand | Series B | 1791 | [+10] | |
May 11, 2022 | Indonesia | Series B | 9750 | [+10] | |
Sep 05, 2021 | Singapore | Series C | 9878 | [+6] | |
Nov 13, 2020 | Thailand | Seed | 8180 | [+2] | |
Apr 28, 2020 | Indonesia | Series A | 6647 | [+8] |
Unicorns in SeedPlus' Portfolio
SeedPlus has 1 unicorn in its portfolio - Moglix. The most recent unicorn in their portfolio is Moglix which became a unicorn in 2021, 5 years after SeedPlus first invested in it.Here is a list of unicorns in SeedPlus' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | B2B e-commerce platform for industrial supplies | 2015 | Singapore | Series F | iusdbzg |
Acquired companies in SeedPlus' Portfolio
5 companies from SeedPlus' portfolio have been acquired. The most recent acquisition was Kyklo in Jun 2024 by Epicor for $*****.Here are SeedPlus' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2024 | Mar 21, 2018 | Seed | 2325 | |
Jun 29, 2022 | Mar 27, 2018 | Seed | 9339 | |
Jun 28, 2022 | - | - | 4854 | |
Mar 24, 2021 | Jul 21, 2022 | Series B | 6896 | |
Oct 01, 2020 | - | - | 2063 |
Team profile of SeedPlus
SeedPlus has a team of 4 members including 2 Partners, 1 Venture Partner and 1 Principal located in Singapore and Hungary. SeedPlus' team does not sit on the board of any company as of now.Here is a list of all team members in SeedPlus:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | - | |
Partner | - | - | - | |
Venture Partner | Singapore | - | - | |
Principal | Szolnok | - | - |
Co-investors of SeedPlus
Over the past 11 years, 111 investors have co-invested in SeedPlus's portfolio companies. This includes funds and angels.
- Invested before SeedPlus: Jungle Ventures, Rajan Jei Anandan and 2 others have invested in rounds before SeedPlus. There is 1 company where Jungle Ventures has invested before SeedPlus and 1 company where Rajan Jei Anandan has invested before SeedPlus.
- Top Co-investors of SeedPlus: 48 investors entered a company along with SeedPlus. These include investors like Accel (2 companies).
- Invested after SeedPlus: A total of 59 investors have invested in SeedPlus's portfolio after their investments. Top Investors include Peak XV Partners (2 companies), Tiger Global Management (1 company) and IFC (1 company).
Recent News related to SeedPlus
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Indonesian insurtech firm Qoala raises $7.5M in Series B+ led by responsAbilityTechNode•Mar 30, 2023•Qoala, responsAbility, AppWorks, Eurazeo and 8 others
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Qoala Raises US$ 65 Million in Series B, Clocking 30X Business Growth Since Series APR Newswire•May 12, 2022•Qoala, Eurazeo, Flourish, KB Investment and 16 others
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Trusting Social raises $65m Series C from unit of Vietnam’s MasanShareandstocks•Apr 28, 2022•TrustingSocial, Sherpa, Masan Group, Sequoia Capital and 12 others
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Homage receives US$30M Series C led by Temasek-owned Sheares Healthcare for regional expansione27•Sep 06, 2021•Homage, Sheares Healthcare, DG Daiwa Ventures, SAGANA and 6 others
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Seedplus Bets On Neuron Mobility To Zoom Ahead Of E-scooter CrowdThe Business Times•Jan 24, 2021•SeedPlus, Neuron
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Next Billion Venture appoints SeedPlus' partner to South-east Asia teamThe Business Times•Jan 14, 2021•Next Billion Ventures, SeedPlus
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Kyklo raises $8.5M to bring electrical distributors onlinesoftengoxford.com•Nov 13, 2020•Kyklo, SeedPlus, WaveMaker, Jungle Ventures and 2 others
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E-scooter company Neuron Mobility notches USD 12 million from Australia’s Square Peg, GSR VenturesKrASIA•Sep 29, 2020•Neuron, Square Peg Capital, GSR Ventures, GSR Ventures and 4 others
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Insurtech Qoala Raises US$ 13.5 Million Despite COVID-19 Funding SlumpFinTechnews•Apr 28, 2020•Qoala, KB Kookmin Bank, Telkom Indonesia, Sequoia Capital and 14 others
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SG-based HR tech startup EngageRocket raises over $2m Series ADeal Street Asia•Mar 18, 2020•Engage rocket, Qualgro, SeedPlus, Found8 and 1 other
