East Ventures is appointed as a new partner of SEEDS Capital to catalyze S$300 million of investments into Singapore-based deep tech startups

SEEDS Capital (SEEDS), the investment arm of Enterprise Singapore (EnterpriseSG), has appointed East Ventures as one of 20 new local and global partners to co-invest in innovative Singapore-based deep tech startups. 

Under the Startup SG Equity scheme, SEEDS will set aside S$150 million over the next three years, to catalyze another S$300 million through its private sector partners, in areas including Advanced Manufacturing, Pharmbio / Medtech, Agrifood Tech, Sustainability (such as Energy, Circular Economy, Urban Mobility, Water), Spacetech and Quantumtech. 

With the new appointments, SEEDS now has a pool of 52 co-investors with strong technical and domain expertise, commercial knowledge, international networks, early growth investment capabilities, and the ability to lead funding rounds, which will help startups scale successfully.

Enabling startups’ overseas ambitions through global networks 

New partners like East Ventures (Indonesia) along with others, will provide resources and global networks to support startups in exploring and entering new markets, for customer acquisition or diversifying supply chains. For instance, East Ventures’ extensive networks in Indonesia has helped SEEDS’ investee Mesh Bio secure its first Indonesian customer and has also supported AMILI to expand its operations into Indonesia.

To date, close to S$3 billion has been invested in over 330 startups under the Startup SG Equity scheme. To better support the development of early to early-growth stage deep tech startups, SEEDS had also raised its co-investment cap from S$8 million to S$12 million for each deep tech startup. 

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