Elev8.vc Launches $30M Fund to Drive Deep Tech Innovation in Singapore

Elev8.vc, a venture capital firm based in Singapore, has finalized a $30 million fund to support innovation in the deep tech sector. The fund is dedicated to helping early-stage startups in pivotal industries such as artificial intelligence (AI), medical technology, robotics, and advanced manufacturing. Through this initiative, Elev8.vc aspires to position Singapore as a leading global center for technological progress.

The new fund has invested in a wide range of startups, including Aevice, Auristone, CoNEX, Equatorial Space, Gush, KABAM Robotics, Moon Technologies, N&E Innovations, and Polybee, as well as two companies in stealth mode. Its investors include institutional firms, family offices, and well-known figures like YouTube co-founder Steve Chen.

Elev8.vc’s new $30 million fund is designed to support 20 to 30 high-potential deep-tech startups, with a focus on sectors such as artificial intelligence, medical technology, robotics, and advanced manufacturing. 

The firm aims to provide both financial backing and strategic resources to help these startups scale. With an expansive network across Asia, Europe, and North America, Elev8.vc will connect portfolio companies to global markets, talent, and additional investment opportunities, strengthening Singapore’s position as a leader in deep tech innovation.

Aditya Mathur, Founder and Managing Director of Elev8.VC emphasized the challenges of deep tech founders, stating, “The complex sales and development processes, along with the technical expertise required, make deep tech startups uniquely challenging.” He added that the fund aims to support and empower founders who translate scientific discoveries into commercially viable products that tackle global challenges. The firm is confident that its strong network and backing from strategic partners will help these transformative ventures thrive.

In line with its mission, Elev8.vc is collaborating closely with research institutions, government agencies, and corporate partners, including the corporate investment arm of the Singapore Economic Development Board (EDB). The EDBI’s involvement through the SG Startup Equity (SSGE) scheme will help accelerate private sector investment into local deep tech startups, ensuring their global growth from Singapore. With such backing, Elev8.vc aims to create a vibrant ecosystem that nurtures innovation and fosters the success of high-impact, deep-tech ventures.