About SGInnovate
SGInnovate is a venture capital firm founded in 2016. It is primarily based out of Singapore, Singapore. As of Oct 2026, SGInnovate is an active investor, having invested in 91 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in Singapore based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and HealthTech. Most recently it participated in the $***** Series A round of NEU Battery Materials Overall, SGInnovate portfolio has seen 2 unicorns, 1 IPO and 14 acquisitions including key companies like Blaize, Ayar Labs and Pencil. A lot of funds co-invest with SGInnovate, with names like Entrepreneurs First sharing a substantial percentage of its portfolio. SGInnovate has team of 39 people including 9 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
SGInnovate's List of Top Investments
SGInnovate has a portfolio of 91 companies, including 2 unicorns. Their most notable investments are in NEU Battery Materials and SunGreenH2.Their portfolio spans across Singapore, United States, India and 4 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 23 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by SGInnovate:
Digital platform providing financing solutions for small businesses. It offers various financing options, including micro loans, term loans, and invoice financing. It aims to provide accessible and reliable financing to support business growth. The platform also facilitates debt investments for individual and institutional investors.
Key facts about Funding Societies
- Founded Year: 2015
- Location: Singapore (Singapore)
- Annual Revenue: $50M - $100M as on Dec 31, 2024
- Stage: Series D
- Total Funding till date: $242M
- Employee Count: 471 as on Sep 30, 2026
- Investors: Khazanah Nasional Berhad, Samsung Venture Investment and 53 Others
- Latest Funding Round: Series D, Mar 20, 2025, $*****
- Highlight: Editors' Pick
2. Blaize
Developer of hardware and software solutions optimizing artificial intelligence applications. The company provides platforms designed for efficient, flexible, accurate, and cost-effective deployment of AI at the edge. It offers a graph streaming processor architecture and an AI software suite. The company’s products address AI use cases across various markets.
Key facts about Blaize
- Founded Year: 2010
- Location: El Dorado Hills (United States)
- Annual Revenue: $10M - $50M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $136M
- Employee Count: 132 as on Jan 31, 2025
- Investors: Samsung Catalyst Fund, Bess Ventures and 24 Others
- Latest Funding Round: Post IPO, Nov 11, 2025, $*****
- Highlight: Public
3. Glints
Online job board platform for graduate jobs. The platform allows students to create a profile by mentioning skills, education, and discover career paths and also develop skills required for the career and apply for jobs based on their interests. The companies hiring through the platform include BAP Software. The offering sector includes sales, operation, engineering, human resource, marketing and more.
Key facts about Glints
- Founded Year: 2013
- Location: Singapore (Singapore)
- Stage: Series D
- Total Funding till date: $82.3M
- Employee Count: 922 as on Sep 30, 2026
- Investors: DCM Ventures, Monk's Hill Ventures and 31 Others
- Latest Funding Round: Series D, Aug 30, 2022, $*****
- Highlight: Editors' Pick
4. Ayar Labs
Developer of optical interconnect solutions for artificial intelligence infrastructure applications. The company provides optical I/O chiplets and light sources for enhanced bandwidth and power efficiency. These solutions aim to improve the performance and scalability of AI and high-performance computing systems. The company's products are intended for use in data centers and other advanced technology applications.
Key facts about Ayar Labs
- Founded Year: 2015
- Location: San Jose (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.02B
- Employee Count: 259 as on Sep 30, 2026
- Investors: Intel, Rising Tide Fund and 58 Others
- Latest Funding Round: Series E, Sep 10, 2026, $*****
- Highlight: Editors' Pick
5. Eko Health
Manufacturer of digital stethoscopes and software for heart disease detection. These devices integrate with mobile applications to provide amplified audio, visual waveforms, and electrocardiogram tracings during patient examinations. The hardware includes attachments for existing stethoscopes and standalone digital units. Software components utilize algorithms to assist in identifying heart murmurs, atrial fibrillation, and reduced cardiac function. These tools facilitate the recording and storage of auscultation data for clinical review and remote monitoring. The technology is designed for use in physical and virtual medical settings to support diagnostic processes.
Key facts about Eko Health
- Founded Year: 2013
- Location: Emeryville (United States)
- Stage: Series D
- Total Funding till date: $195M
- Employee Count: 206 as on Aug 31, 2026
- Investors: 10x Group, StartX and 35 Others
- Latest Funding Round: Grant (prize money), Apr 11, 2025, $*****
- Highlight: Editors' Pick
SGInnovate's Year-on-Year Investment Trends
SGInnovate has invested in 91 companies over the last 17 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 6 investments, while as of Oct 2026, it has made 7 investments in this year. Its most recent first time investment was in Clearbot and most recent follow-on round was in NEU Battery Materials.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 4 | 7 |
2025 | 6 | 0 | 6 |
2024 | 1 | 1 | 2 |
2023 | 1 | 2 | 3 |
2022 | 6 | 2 | 8 |
2021 | 3 | 3 | 6 |
2020 | 11 | 6 | 17 |
2019 | 15 | 1 | 16 |
2018 | 15 | 0 | 15 |
2017 | 4 | 1 | 5 |
SGInnovate's Investments by Stage
SGInnovate has made 40 investments in Seed stage with an average round size of $1.8M, 17 investments in Series A stage with an average round size of $3.54M and 8 investments in Series B stage with an average round size of $21M.Stage of entry | No. of Investments |
|---|---|
Seed | 40 |
Series A | 17 |
Series B | 8 |
Series C | 2 |
Series D | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
SGInnovate's Investments by Sector
SGInnovate has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Vertical SaaS and FinTech. Notably, it has invested in 88 Tech companies, 79 Enterprise (B2B) companies, 58 Software companies and at least 26 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 34 |
High Tech | 31 |
Consumer | 11 |
Vertical SaaS | 10 |
FinTech | 9 |
Others | 105 |
Note: We have considered here, only first round of investments
SGInnovate's Investments by Geography
SGInnovate has made most investments in Singapore (48), followed by United States where it has made 11 investments.Country | No. of Investments |
|---|---|
Singapore | 48 |
United States | 11 |
India | 3 |
United Kingdom | 3 |
Indonesia | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
SGInnovate's recent investments
SGInnovate has made 7 investments in 2026 so far. NEU Battery Materials and pQCee are the latest among them.Here are the most recent investments by SGInnovate:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 12, 2026 | Singapore | Series A | 7149 | [+3] | |
Jul 17, 2026 | Singapore | Seed | 4925 | [+3] | |
Jun 22, 2026 | Singapore | Series A | 1070 | [+3] | |
Jun 08, 2026 | China | Seed | 1542 | ||
May 06, 2026 | Singapore | Seed | 9785 |
Unicorns in SGInnovate's Portfolio
SGInnovate has 2 unicorns in its portfolio - Ayar Labs and Biofourmis. The most recent unicorn in their portfolio is Ayar Labs. It became a unicorn in 2024, 4 years after SGInnovate first invested in it.Here is a list of unicorns in SGInnovate's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Developer of optical interconnect solutions for artificial intelligence infrastructure applications | 2015 | San Jose | Series E | mpszytc | ||
58 | Cloud based suite solutions for healthcare organizations | 2015 | Boston | Series D | vppvxf{ |
IPOs and Publicly Listed companies in SGInnovate's Portfolio
1 of SGInnovate's portfolio company became public - Blaize. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jan 2022.Here are SGInnovate's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 31, 2022 | Sep 05, 2018 | Series C | 7642 |
Acquired companies in SGInnovate's Portfolio
14 companies from SGInnovate's portfolio have been acquired. The most recent acquisition was See-Mode Technologies in Jun 2025 by RadNet for $*****.Here are SGInnovate's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 09, 2025 | Feb 19, 2019 | Seed | 6016 | |
Mar 11, 2025 | Aug 23, 2019 | Seed | 8385 | |
Oct 22, 2024 | Nov 23, 2018 | Seed | 9307 | |
Sep 06, 2024 | Aug 14, 2019 | Seed | 5900 | |
Oct 12, 2023 | May 18, 2021 | Seed | 6311 |
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Team profile of SGInnovate
SGInnovate has a team of 39 members including 9 Partners and 6 Principals located in Singapore. SGInnovate's team sits on the board of 3 companies.Here is a list of top team members in SGInnovate:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | ||
Partner | Singapore | |||
Partner | Singapore | - | - | |
Partner | Singapore | |||
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Partner | - | - | - | |
Partner | Singapore | - | ||
Principal | Singapore | |||
Principal | Singapore | - | - |
Co-investors of SGInnovate
Over the past 17 years, 517 investors have co-invested in SGInnovate's portfolio companies. This includes funds and angels.
- Invested before SGInnovate: Pavilion Capital Partners, 3M and 143 others have invested in rounds before SGInnovate. There are 3 companies where Pavilion Capital Partners has invested before SGInnovate and 2 companies where 3M has invested before SGInnovate.
- Top Co-investors of SGInnovate: 141 investors entered a company along with SGInnovate. These include investors like Entrepreneurs First (12 companies).
- Invested after SGInnovate: A total of 231 investors have invested in SGInnovate's portfolio after their investments. Top Investors include 500 Global (5 companies), SEEDS Capital (4 companies) and Wavemaker Partners (4 companies).
Recent News related to SGInnovate
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NEU Battery Materials bags US$7.6M to mine lithium from the world’s least-loved batterye27•Oct 13, 2026•NEU Battery Materials, SGInnovate, Shift4Good
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pQCee Secures $3.9M Seed Funding Led by SGInnovate and Lotus One to Expand Post-Quantum Cryptography PlatformThe SaaS News•Jul 17, 2026•SGInnovate, Lotus Singapore, pQCee
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H3 Zoom Secures Oversubscribed $3.6 Million Series A Funding to Expand AI Inspection Intelligence in AsiaPR Newswire•Jun 22, 2026•SGInnovate, Lotus Singapore, H3Zoom.AI, M7holdings and 2 others
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Clear Robotics Secures $1.75M Funding for Autonomous ShipsPR Newswire•Jun 08, 2026•Clearbot, ShipsFocus, M7holdings, Katapult and 1 other
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January startup funding jumps 155% as late-stage capital hits $2bSingapore Business Review•Feb 11, 2026•SGInnovate, DayOne
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CompTIA & SGInnovate Partner to Bridge AI, Cybersecurity Talent GapPR Newswire•Feb 09, 2026•CompTIA, SGInnovate
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Botsync Secures Additional Series A Funding From SGInnovateRobotics and Automation News•Jan 30, 2026•Botsync, SGInnovate
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SGInnovate backs Botsync in extended Series A amid AMR market surgee27•Jan 14, 2026•Ascend Angels, Capital 2B, ZB Capital, Botsync and 1 other
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SGInnovate backs $5m round in US carbon capture firm VycarbTech in Asia•Oct 07, 2025•MOL Switch, Vycarb, Clocktower Ventures, SGInnovate and 3 others
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The AlleyWatch Startup Daily Funding Report: 10/6/2025AlleyWatch•Oct 06, 2025•Akari Sauna, Vycarb, Habitat for Humanity, Twynam and 6 others
