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About Undercurrent Capital
Undercurrent Capital is a venture capital firm founded in 2018. It is primarily based out of Singapore, Singapore. As of Jan 2023, Undercurrent Capital has invested in 8 companies. It primarily invests in Seed round in Singapore based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Seed round of AlgoRai A lot of funds co-invest with Undercurrent Capital, with names like Algorand sharing a substantial percentage of its portfolio. Undercurrent Capital has team of 10 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Undercurrent Capital's List of Top Investments
Undercurrent Capital has a portfolio of 8 companies. Their most notable investments include AlgoRai and Bril Finance.Their portfolio spans across Singapore and United States. They have invested in Blockchain Technology, High Tech, FinTech and 3 other sectors, across stages such as Seed stage. Here is the list of top investments by Undercurrent Capital:
1. AlgoRai
Decentralized financial platform offering structured products. It offers a decentralized financial platform that offers structured products and derivatives on the blockchain. It also offers options for vault strategies for cryptocurrencies. It brings decentralized structured products to the Algorand DeFi space.
Key facts about AlgoRai
- Founded Year: 2022
- Location: Singapore (Singapore)
- Stage: Seed
- Total Funding till date: $1.7M
- Investors: GSR, Borderless Capital and 9 Others
- Latest Funding Round: Seed, Jan 31, 2023, $*****
- Highlight: Editors' Pick
2. Bril Finance
Cross-chain yield management platform. It offers an application that helps in analyzing risk-adjusted returns in decentralized finance, enabling users to construct a customized portfolio of sustainable yield opportunities in DeFi based on their risk appetite.
Key facts about Bril Finance
- Founded Year: 2022
- Location: Honolulu (United States)
- Stage: Seed
- Total Funding till date: $3M
- Investors: FalconX, Kosmos Ventures and 4 Others
- Latest Funding Round: Seed, Sep 27, 2023, $*****
3. D.G.PALS
Key facts about D.G.PALS
- Founded Year: 2021
- Location: Singapore
- Stage: Funding Raised
- Employee Count: 7 as on May 31, 2026
- Investors: Undercurrent Capital
Key facts about Decentralised Gaming Ventures
- Founded Year: 2021
- Location: Singapore (Singapore)
- Stage: Seed
- Employee Count: 6 as on Jul 31, 2026
- Investors: Hashed and Undercurrent Capital
- Latest Funding Round: Seed, Jun 15, 2023, $*****
5. Messina
Platform offering infrastructure to serve the Algorand ecosystem. It is using advanced cryptography so that decentralized apps can transport liquidity and data.
Key facts about Messina
- Founded Year: 2021
- Location: Singapore (Singapore)
- Stage: Funding Raised
- Investors: Undercurrent Capital
Undercurrent Capital's Year-on-Year Investment Trends
Its most recent first time investment was in AlgoRai.Undercurrent Capital's Investments by Stage
Undercurrent Capital has made 1 investment in Seed stage with an average round size of $1.7M.Undercurrent Capital's Investments by Sector
Undercurrent Capital has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, Blockchain Technology and FinTech. Notably, it has invested in 3 Blockchain companies, 3 Consumer (B2C) companies, 3 Tech companies and 2 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 1 |
Blockchain Technology | 1 |
FinTech | 1 |
Note: We have considered here, only first round of investments
Undercurrent Capital's Investments by Geography
Undercurrent Capital has made most investments in Singapore (1).Undercurrent Capital's recent investments
Undercurrent Capital has not made any investment in 2026 so far.Here are the most recent investments by Undercurrent Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 31, 2023 | Singapore | Seed | 5504 | [+9] |
Team profile of Undercurrent Capital
Undercurrent Capital has a team of 10 members including 3 Partners and 5 Principals located in Singapore, Hungary and 1 more location. Undercurrent Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Undercurrent Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | Singapore | - | ||
Partner | - | - | - | |
Principal | Singapore | - | - | |
Principal | Singapore | - | - | |
Principal | - | - | - | |
Principal | Tbilisi | - | - | |
Principal | Diosd | - | - |
Co-investors of Undercurrent Capital
Over the past 3 years, 10 investors have co-invested in Undercurrent Capital's portfolio companies. This includes only funds.
- Top Co-investors of Undercurrent Capital: 10 investors entered a company along with Undercurrent Capital. These include investors like Algorand (1 company).
