# Iterative: portfolio, investments and team > Iterative is an accelerator based in Singapore. 66 investments on record, 11 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/iterative (Millionrounds; every figure on the page links to its filing or article) Singapore · [Investor](https://millionrounds.com/investors) # Iterative Last cheque observed Sep 2026; 66 cheques on record. Email Deploying now New fund $50M, Aug 2026 Accelerator Pre-seed Seed Series A Agnostic Industry-agnostic Industry Agnostic Follow Iterative and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fiterative) Deploying now **48%** of best year **11** **cheques in 12 months**, 66 on record Since the last cheque **60** days **00** hrs **00** min **00** sec Median round **$1.3M** Cheque size, as they say **$150K – $500K** Rounds led **0 of 66** Sole investor **19 rounds** Mostly in **Singapore, 56%** Pitch Iterative ## Iterative highlights - 01 11 cheques in the last 12 months - 02 Mostly Seed and Pre-seed: 68% of its rounds - 03 Sole investor in 19 rounds, median $500K ## What they do > We invest US $150K to $500K each in a batch of startups, twice a year From their own website - **Type:** Accelerator (from a list, unverified) - **Cheque size:** $150K – $500K as they say - **Stages:** Pre-seed Seed Series A Series B - **Sectors:** Agnostic Industry-agnostic Industry Agnostic - **Based in:** Singapore, Singapore - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **66 appearances** - **2026** 7 rounds - **Sept** **[Windup Minds](https://millionrounds.com/company/windup-minds)** Seed · US **$1.6M** With 1 other - **Aug** **[Physical Layer](https://millionrounds.com/company/physical-layer)** Pre-seed · US **$500K** Sole investor - **Apr** **[Cata](https://millionrounds.com/company/cata)** Seed · SG **$5.3M** With 4 others - **Mar** **[SmartSolar](https://millionrounds.com/company/smartsolar)** Debt **$1.3M** With 1 other - **Mar** **[Palisade Bio](https://millionrounds.com/company/palisade-bio)** US **$3.0M** With 4 others - **Jan** **[decube](https://millionrounds.com/company/decube)** Seed · SG **$3.0M** With 1 other - **Jan** **[SPUN](https://millionrounds.com/company/spun)** Seed **$1.8M** With 2 others - **2025** 22 rounds - **Dec** **[Buildroid](https://millionrounds.com/company/buildroid)** Pre-seed · MX **$100K** With 1 other - **Dec** **[Arogga](https://millionrounds.com/company/arogga)** Venture **Undisclosed** With 1 other - **Dec** **[i10X AI](https://millionrounds.com/company/i10x-ai)** Pre-seed · SG **$1.0M** With 1 other - **Dec** **[PulseTech](https://millionrounds.com/company/pulsetech)** Seed **$3.1M** Sole investor - **Oct** **[Ottodot](https://millionrounds.com/company/ottodot)** Seed · SG **$1.7M** Sole investor - **Sept** **[Epoch Protocol](https://millionrounds.com/company/epoch-protocol)** Pre-seed · SG **$1.2M** With 1 other - **Aug** **[Blitz Electric Mobility](https://millionrounds.com/company/blitz-electric-mobility)** Venture **Undisclosed** With 2 others - **Aug** **[Levr Bet](https://millionrounds.com/company/levr-bet)** Seed · US **$3.0M** With 3 others - **Jul** **[Superagent](https://millionrounds.com/company/superagent)** Pre-seed · SG **$400K** Sole investor - **Jul** **[PARADYSE Homes](https://millionrounds.com/company/paradyse-homes)** Pre-seed · SG **$550K** Sole investor - **Jul** **[rida.ai](https://millionrounds.com/company/rida-ai)** Series A · SG **$3.5M** With 1 other - **Jul** **[Belli](https://millionrounds.com/company/belli)** Seed · SG **$1.9M** With 1 other - **Jul** **[Needle](https://millionrounds.com/company/needle)** Venture · US **Undisclosed** Sole investor - **Jun** **[Boost](https://millionrounds.com/company/boost)** Series B · CH **$19M** With 5 others - **Jun** **[OneBalance](https://millionrounds.com/company/onebalance)** Series A · KY **$20M** With 2 others - **May** **[Seedflex Technologies](https://millionrounds.com/company/seedflex-technologies)** Seed · SG **$3.2M** With 2 others - **May** **[ThriveAI](https://millionrounds.com/company/thriveai)** Pre-seed · US **$1.2M** With 2 others - **Apr** **[LenderLink](https://millionrounds.com/company/lenderlink)** Seed **$1.3M** With 2 others - **Apr** **[Civils.ai](https://millionrounds.com/company/civils-ai)** Seed · SG **$1.0M** With 1 other - **Mar** **[Kubegrade](https://millionrounds.com/company/kubegrade)** Pre-seed · SG **$500K** Sole investor - **Mar** **[Kredit Hero](https://millionrounds.com/company/kredit-hero)** Pre-seed · SG **$500K** Sole investor - **Jan** **[BukaPO](https://millionrounds.com/company/bukapo)** Venture **Undisclosed** Sole investor - **2024** 14 rounds - **Oct** **[Windup Minds](https://millionrounds.com/company/windup-minds)** Venture · US **Undisclosed** With 1 other - **Oct** **[Botsync](https://millionrounds.com/company/botsync)** Series A · SG **$350K** With 3 others - **Sept** **[Shappi](https://millionrounds.com/company/shappi)** Seed · US **$1.0M** With 2 others - **Aug** **[CapGo AI](https://millionrounds.com/company/capgo-ai)** Pre-seed · SG **$925K** With 1 other - **Jul** **[Liquorice](https://millionrounds.com/company/liquorice)** Pre-seed · DE **$1.2M** With 1 other - **Jun** **[PriyoShop](https://millionrounds.com/company/priyoshop)** Seed **$917K** With 3 others - **May** **[Armastec](https://millionrounds.com/company/armastec)** Venture · SG **Undisclosed** With 1 other - **Mar** **[Gohub Inc](https://millionrounds.com/company/gohub-inc)** Pre-seed · US **$500K** Sole investor - **Mar** **[Persona Studios](https://millionrounds.com/company/persona-studios)** Pre-seed · SG **$400K** With 1 other - **Mar** **[Neutronpay](https://millionrounds.com/company/neutronpay)** CA **$1.5M** With 1 other - **Feb** **[Fluid](https://millionrounds.com/company/fluid)** Series A · SG **$5.2M** With 7 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **4 named** BB **Brandon Buchanan** Executive Officer, Promoter i Filing they signed BM **Brian Ma** General Partner i Form ADV CD **Chris Dannen** Executive Officer, Promoter i Filing they signed HK **Hsu Ken** General Partner i Form ADV We also hold **25** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$67M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Iterative Capital, LLC - **SEC number:** CRD 310995 ## What they claim to have backed From their own portfolio page (on their website) **44** of 60 we have independently watched raise [1Export](https://millionrounds.com/company/1export)[1Long](https://millionrounds.com/company/1long)[ArmasTec](https://millionrounds.com/company/armastec)[Arogga](https://millionrounds.com/company/arogga)[Botsync](https://millionrounds.com/company/botsync)[CL1CK](https://millionrounds.com/company/cl1ck)[Cata](https://millionrounds.com/company/cata)[Civils](https://millionrounds.com/company/civils-ai)[CoderSchool](https://millionrounds.com/company/coderschool)[Cottage](https://millionrounds.com/company/cottage)[Decube](https://millionrounds.com/company/decube)[Encellin](https://millionrounds.com/company/encellin)[Envio](https://millionrounds.com/company/envio)[Factorem](https://millionrounds.com/company/factorem)[Fluid Financial](https://millionrounds.com/company/fluid)[Go Zayaan](https://millionrounds.com/company/gozayaan)[Goro](https://millionrounds.com/company/goro)[Haulio](https://millionrounds.com/company/haulio)[Kredit Hero](https://millionrounds.com/company/kredit-hero)[Kubegrade](https://millionrounds.com/company/kubegrade)[LenderLink](https://millionrounds.com/company/lenderlink)[Moneta](https://millionrounds.com/company/moneta)[Moons](https://millionrounds.com/company/moons)[Nexacore](https://millionrounds.com/company/nexacore)[Nodeflair](https://millionrounds.com/company/nodeflair)[Nuport](https://millionrounds.com/company/nuport)[Ottodot](https://millionrounds.com/company/ottodot)[Oyen](https://millionrounds.com/company/oyen)[Persona Studios](https://millionrounds.com/company/persona-studios)[PriyoShop](https://millionrounds.com/company/priyoshop)[Propseller](https://millionrounds.com/company/propseller)[Pulse Tech](https://millionrounds.com/company/pulsetech)[SPUN](https://millionrounds.com/company/spun)[Saola](https://millionrounds.com/company/saola)[Shipmates](https://millionrounds.com/company/shipmates)[SmartSolar](https://millionrounds.com/company/smartsolar)[Spenmo](https://millionrounds.com/company/spenmo)[Supa](https://millionrounds.com/company/supa)[Superagent](https://millionrounds.com/company/superagent)[XOR](https://millionrounds.com/company/xor)[Yippy](https://millionrounds.com/company/yippy)[Yobo](https://millionrounds.com/company/yobo)[Zi.Care](https://millionrounds.com/company/zi-care)[bukaPO](https://millionrounds.com/company/bukapo) 3cat AcadArena Ara Research Arshipelago Autoradar Barikoi BeautyBuddy Beetlelabs Blitz Boost Capital Bueno.money BuildBear Bungkuus CapGo CarbonCopies AI CareNow and 88 more Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **$50M** raised in Aug 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$1.3M** the round, not its cheque Alone, median **$500K** Led 0 of 66 rounds **0%** - **Said size:** $150K – $500K - **Sole investor:** 19 rounds - **Last cheque:** Sept 2026 Rounds by stage said on their site - Seed said *24* - Pre-seed said *19* - Series A said *9* - Venture *8* - Series B said *3* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [500 Global](https://millionrounds.com/fund/500-startups) 7 - [Antler](https://millionrounds.com/fund/antler) 7 - [Y Combinator](https://millionrounds.com/fund/y-combinator) 4 - [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 3 - [Hustle Fund](https://millionrounds.com/fund/hustle-fund) 3 - [Angel Invest](https://millionrounds.com/fund/angel-invest) 2 **Pitching Iterative?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Iterative. A count of rooms they were both in, not a relationship either has claimed. [**500 Global** Angel **7** rounds together](https://millionrounds.com/fund/500-startups)[**Antler** VC firm **7** rounds together](https://millionrounds.com/fund/antler)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**Alumni Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Hustle Fund** VC firm **3** rounds together](https://millionrounds.com/fund/hustle-fund)[**Angel Invest** VC firm **2** rounds together](https://millionrounds.com/fund/angel-invest)[**Blockchain Capital** VC firm **2** rounds together](https://millionrounds.com/fund/blockchain-capital)[**Kaya VC** VC firm **2** rounds together](https://millionrounds.com/fund/kaya-capital)[**Orbit Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/orbit-ventures)[**Partech Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/partech)[**SOSV** VC firm **2** rounds together](https://millionrounds.com/fund/sosv) ## Recently backed The latest companies Iterative put money into. [**Windup Minds** $1.6M · Sept 2026](https://millionrounds.com/company/windup-minds)[**Physical Layer** $500K · Aug 2026](https://millionrounds.com/company/physical-layer)[**Cata** $5.3M · Apr 2026](https://millionrounds.com/company/cata)[**SmartSolar** $1.3M · Mar 2026](https://millionrounds.com/company/smartsolar)[**Palisade Bio** $3.0M · Mar 2026](https://millionrounds.com/company/palisade-bio)[**decube** $3.0M · Jan 2026](https://millionrounds.com/company/decube) ## Mentioned on podcasts Episodes that name Iterative in their description, not their title. - [Generative Now](https://millionrounds.com/podcasts/generative-now) 3 Jul 2025 · 44 min Julie Bornstein: Building the Future of Fashion with AI Mentions [Iterative](https://millionrounds.com/fund/iterative) Apple PodcastsShow page - [Venture Everywhere](https://millionrounds.com/podcasts/venture-everywhere) 19 Nov 2024 · 33 min Let's Agree to Agree.com: Marty Ringlein with Andy Ambrose With [Marty Ringlein](https://millionrounds.com/person/marty-ringlein) Mentions [Iterative](https://millionrounds.com/fund/iterative) Apple PodcastsShow page - [BRAVE Southeast Asia Tech](https://millionrounds.com/podcasts/brave-southeast-asia) 12 Jan 2023 · 43 min Brian Ma: Unicorn Founder to VC, Southeast Asia 10 Year Patterns & Letting Go of Ego - E231 With [Brian Ma](https://millionrounds.com/person/brian-ma) Mentions [Iterative](https://millionrounds.com/fund/iterative) Apple PodcastsShow page - [BRAVE Southeast Asia Tech](https://millionrounds.com/podcasts/brave-southeast-asia) 12 May 2022 · 37 min Jonathan Ng: Doctor to Founder, Car Accident That Changed Everything & True Founder Community - E161 Mentions [Iterative](https://millionrounds.com/fund/iterative) Apple PodcastsShow page - [BRAVE Southeast Asia Tech](https://millionrounds.com/podcasts/brave-southeast-asia) 12 Aug 2020 · 34 min Saurabh Chauhan on The Future of Retail, Scaling E-Commerce in Frontier Markets & Startup Turnarounds - E16 With [Saurabh Chauhan](https://millionrounds.com/person/saurabh-chauhan) Mentions [Iterative](https://millionrounds.com/fund/iterative)[McKinsey & Company](https://millionrounds.com/fund/mckinsey-and-company)[Rocket Internet](https://millionrounds.com/fund/rocket-internet-6) Apple PodcastsShow page ## Quick answers about Iterative ### What does Iterative invest in? Iterative invests most often at Seed and Pre-seed (68% of the rounds on record), in sectors such as Agnostic, Industry-agnostic and Industry Agnostic. ### How active is Iterative? 66 investments on record, 11 of them in the last 12 months. The most recent was in Sept 2026. ### What has Iterative invested in recently? Its most recent investments on record: Windup Minds (Seed, Sept 2026), Physical Layer (Pre-seed, Aug 2026) and Cata (Seed, Apr 2026). ### How big are Iterative's cheques? The median round it joins is $1.3M. It says it writes cheques of $150K to $500K. ### Does Iterative lead rounds? Rarely, if at all: none of its 66 investments on record names it as the lead. ### Where does Iterative invest? Most of the companies it backs are in Singapore (56%) and the United States (28%). ### Is Iterative investing now? Yes: it is actively investing, with 11 investments in the last 12 months. ### Who does Iterative invest alongside? Most often 500 Global (7 rounds together), Antler (7 rounds together) and Y Combinator (4 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=iterative) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=iterative)