SEEDS Capital appoints Emerald Technology Ventures and 12 further co-investment partners to catalyze S$150 million of investments into 3 deep tech sectors

SEEDS Capital, the investment arm of Enterprise Singapore, has appointed 13 new co-investment partners including Emerald Technology Ventures to jointly invest into Singapore-based deep tech startups under the Startup SG Equity Scheme. The appointment of these new partners is expected to catalyze more than S$150 million worth of investments into deep tech startups across Advanced Manufacturing & Engineering, Urban Solutions & Sustainability, and Health & Biomedical Sciences, in line with the technology domains under Singapore’s Research, Innovation and Enterprise Plan.

Global trends have emerged or heightened as a result of the COVID-19 pandemic casting a spotlight on areas such as sustainability, supply chain resilience and healthcare needs. SEEDS Capital and the newly appointed partners will work together to invest in early-stage deep tech startups and support them in developing new and disruptive technologies that can enable enterprises and industries to mitigate challenges and plan for the future.

Ms. Gina Domanig, Managing Partner at Emerald Technology Ventures said, “We are honored to partner with SEEDS Capital to identify and invest into high-caliber, innovative Singapore-based startups that drive sustainable innovation and long-term value. Rapidly evolving business circumstances require targeted advances in technology and we look forward to using this collaboration, our sector knowledge, venture capital expertise and network to accelerate innovation in Singapore’s vibrant startup ecosystem.”

Mr. Ted Tan, Chairman of SEEDS Capital and Enterprise Singapore’s Deputy Chief Executive Officer said, “We are excited to appoint these 13 new co-investment partners, further strengthening SEEDS Capital’s current pool of partners in the three technology domains. Catalyzing more VC investments in this current environment where investors tend to be more cautious is significant. SEEDS Capital can now offer deep tech startups, which have innovative and scalable solutions, with the opportunity to be mentored by our new partners who bring with them extensive market connections and a wealth of sector-specific domain knowledge to increase their chances of success.”

Besides co-investing, the partners will provide hands-on assistance to help the startups fast-track their commercialization process, through mentorship and connections to potential clients through their networks. SEEDS Capital will provide a co-matching of 7:3 for the first S$500,000 of co-investment, with a cap of up to S$8 million per deep tech startup under the Startup SG Equity scheme. As part of the Startup SG initiative, the Startup SG Equity scheme aims to stimulate private sector investments into Singapore- based deep tech startups that hold strong intellectual property and global market potential.

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm building a sustainable future at the crossroads of industry and technology. Founded in 2000, it is a pioneer in open innovation, providing multi-national corporations with rich deal flow and insight in the sectors and markets of tomorrow. Emerald has managed and advised assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm is dedicated to tackling big challenges in climate change and sustainability via over 500 venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.


About SEEDS Capital

As the investment arm of Enterprise Singapore, SEEDS Capital catalyzes smart investments into innovative Singapore-based early-stage startups with strong intellectual content and global market potential. It adopts a co-investment model, working hand in hand with institutional investors from around the world. Leveraging its collective expertise and networks, SEEDS Capital helps startups commercialize, realize their business development plans and expand globally. It focuses its investments into emerging and strategic sectors aligned with national priorities, including Manufacturing, Trade & Connectivity, Human Health & Potential, Urban Solutions & Sustainability, and Smart Nation & Digital Economy.

About Enterprise Singapore

Enterprise Singapore is the government agency championing enterprise development. It works with committed companies to build capabilities, innovate and internationalize. Enterprise Singapore also supports the growth of Singapore as a hub for global trading and startups and builds trust in Singapore’s products and services through quality and standards.