# SGInnovate: portfolio, investments and team > SGInnovate is a vc firm based in Singapore. 16 investments on record, 2 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/sginnovate (Millionrounds; every figure on the page links to its filing or article) Singapore · [Investor](https://millionrounds.com/investors) # SGInnovate Last cheque observed Oct 2026; 16 cheques on record. Email VC firm Deploying now Pre-seed Seed Series A Quantum Computing Batteries Self-driving Follow SGInnovate and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fsginnovate) Deploying now **100%** of best year **2** **cheques in 12 months**, 16 on record Since the last cheque **23** days **00** hrs **00** min **00** sec Median round **$13M** Rounds led **2 of 16** Mostly in **Singapore, 63%** Pitch SGInnovate ## SGInnovate highlights - 01 2 cheques in the last 12 months - 02 Mostly Series A and Seed: 62% of its rounds - 03 Led 2 rounds ## What they do > We Invest in Deep Tech Startups From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series A Series B Growth - **Sectors:** Quantum Computing Batteries Self-driving - **Based in:** Singapore, Singapore - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **16 appearances** - **2026** 2 rounds - **Oct** **[NEU Battery Materials](https://millionrounds.com/company/neu-battery-materials)** SG · Pulse 2.0 **$7.6M** *Led* - **Jul** **[pQCee Pte Ltd](https://millionrounds.com/company/pqcee-pte-ltd)** Seed · SG · In Group Holdings **$3.9M** *Led* - **2025** 2 rounds - **Aug** **[Syenta](https://millionrounds.com/company/syenta)** Pre-Series A · AU · Startup Daily **Undisclosed** With 8 others - **Jun** **[Allay Therapeutics](https://millionrounds.com/company/allay-therapeutics)** Series D · US · Firms' own news pages **$58M** With 14 others - **2019** 11 rounds - **Nov** **[Lucene](https://millionrounds.com/company/lucene)** Series A · SG · FinSMEs **$20M** With 4 others - **Nov** **[Lucence](https://millionrounds.com/company/lucence)** Series A · SG · TechCrunch **$20M** With 4 others - **Nov** **[Blaize](https://millionrounds.com/company/blaize)** US · VentureBeat **$87M** With 7 others - **Sept** **[Seppure](https://millionrounds.com/company/seppure)** Seed · SG · Tech in Asia **$2.6M** With 5 others - **Jul** **[Taiger](https://millionrounds.com/company/taiger)** Series B · SG · Tech in Asia **$25M** With 1 other - **Jul** **[GoComet](https://millionrounds.com/company/gocomet)** Series A · SG · Tech in Asia **$2.2M** With 2 others - **May** **[Biofourmis](https://millionrounds.com/company/biofourmis)** Series B · US · FinSMEs **$35M** With 6 others - **May** **[Prowler.io](https://millionrounds.com/company/prowler-io)** Series B · GB · FinSMEs **$24M** With 9 others - **May** **[Pencil](https://millionrounds.com/company/pencil)** Seed · SG · Businesstimes **$1.1M** With 2 others - **Apr** **[SpeQtral](https://millionrounds.com/company/speqtral)** SG · Tech in Asia **$1.9M** With 4 others - **Mar** **[iVideoSmart](https://millionrounds.com/company/ivideosmart)** Series A · SG · e27 **$4.5M** With 4 others - **2017** 1 round - **Sept** **[Prowler.io](https://millionrounds.com/company/prowler-io)** Series A · GB · FinSMEs **$13M** With 3 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 We hold **8** 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 they claim to have backed From their own portfolio page (on their website) **4** of 7 we have independently watched raise [Ackcio](https://millionrounds.com/company/ackcio)[Aipalette](https://millionrounds.com/company/ai-palette)[Amaiproteins](https://millionrounds.com/company/amai-proteins)[Archisen](https://millionrounds.com/company/archisen) Acceleratedmaterials Aidatech Autowealth 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. ## The cheque Pre-seed Seed Series A Median round joined **$13M** the round, not its cheque Led 2 of 16 rounds **13%** - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series A said *5* - Seed said *3* - Series B said *3* - Pre-Series A *1* - Series D *1* - Pre-seed said *-* - Growth said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Koh Boon Hwee](https://millionrounds.com/fund/koh-boon-hwee) 3 - [EDBI](https://millionrounds.com/fund/edbi) 2 - [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) 2 - [IHH Healthcare](https://millionrounds.com/fund/ihh-healthcare) 2 - [Lim Kaling](https://millionrounds.com/fund/lim-kaling) 2 - [Temasek Holdings](https://millionrounds.com/fund/temasek) 2 **Pitching SGInnovate?** 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 SGInnovate. A count of rooms they were both in, not a relationship either has claimed. [**Koh Boon Hwee** VC firm **3** rounds together](https://millionrounds.com/fund/koh-boon-hwee)[**EDBI** VC firm **2** rounds together](https://millionrounds.com/fund/edbi)[**Entrepreneur First** Accelerator **2** rounds together](https://millionrounds.com/fund/entrepreneurs-first)[**IHH Healthcare** VC firm **2** rounds together](https://millionrounds.com/fund/ihh-healthcare)[**Lim Kaling** VC firm **2** rounds together](https://millionrounds.com/fund/lim-kaling)[**Temasek Holdings** VC firm **2** rounds together](https://millionrounds.com/fund/temasek) ## Recently backed The latest companies SGInnovate put money into. [**NEU Battery Materials** $7.6M · Oct 2026](https://millionrounds.com/company/neu-battery-materials)[**Syenta** Aug 2025](https://millionrounds.com/company/syenta)[**Allay Therapeutics** $58M · Jun 2025](https://millionrounds.com/company/allay-therapeutics)[**Blaize** $87M · Nov 2019](https://millionrounds.com/company/blaize)[**Taiger** $25M · Jul 2019](https://millionrounds.com/company/taiger)[**GoComet** $2.2M · Jul 2019](https://millionrounds.com/company/gocomet) ## Quick answers about SGInnovate ### What does SGInnovate invest in? SGInnovate invests most often at Series A and Seed (62% of the rounds on record), in sectors such as Quantum Computing, Batteries and Self-driving. ### How active is SGInnovate? 16 investments on record, 2 of them in the last 12 months, and it led 2. The most recent was in Oct 2026. ### What has SGInnovate invested in recently? Its most recent investments on record: NEU Battery Materials (Oct 2026), pQCee Pte Ltd (Seed, Jul 2026) and Syenta (Pre-Series A, Aug 2025). ### How big are SGInnovate's cheques? The median round it joins is $13M. ### Does SGInnovate lead rounds? Sometimes: it led 2 of its 16 investments on record (13%). ### Where does SGInnovate invest? Most of the companies it backs are in Singapore (63%), the United States (19%) and the United Kingdom (13%). ### Is SGInnovate investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### Who does SGInnovate invest alongside? Most often Koh Boon Hwee (3 rounds together), EDBI (2 rounds together) and Entrepreneur First (2 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. 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