Singtel Innov8

Singtel Innov8 Pte. Ltd. is a venture capital firm established in 2010 and headquartered in Singapore, with additional offices in San Francisco and Tel Aviv. It specializes in early-stage investments in technology companies globally, focusing on sectors such as internet applications, digital media, big data, artificial intelligence, blockchain, cloud computing, fintech, health tech, and smart city solutions. Singtel Innov8 has a fund size of approximately US$250 million and typically invests between S$100,000 and S$30 million, with the possibility of larger investments as exceptions. Beyond financial backing, the firm offers start-ups access to the extensive resources and expertise of the Singtel Group, facilitating collaboration and innovation that can enhance customer experiences and drive advancements in network capabilities and digital services.

Edgar Hardless

CEO

Michael Kim

Managing Director of Investments, North America

Sharan Makhija

Director, Investments

Selvam Moorthy

Senior Director, Investments, Singapore

Gil Prashker

Head of Israel and Director, Investments and Partnership

Danny Su

Country Director, China

Kum Tho Wan

Managing Director

Past deals in ASEAN

Intellect

Series A in 2022
Intellect Company Pte. Ltd., established in 2019 and based in Singapore, operates a psychological mental health platform designed to enhance mental well-being. The platform integrates technology and human interaction to provide accessible support for individuals facing various challenges such as procrastination, low self-esteem, and anxiety. Through its app, Intellect offers digitized therapy programs developed by leading psychologists and behavioral experts, helping users to redevelop traits, habits, and behaviors. The company's mission is to lower barriers to mental health support, creating a straightforward and effective journey for users to address personality flaws and improve their overall confidence and social skills.

GuardRails

Series A in 2022
GuardRails Pte., Ltd. operates a platform designed to assist developers in identifying, fixing, and preventing security vulnerabilities in web and mobile applications. Founded in 2017 and based in Singapore, the company provides a continuous application security verification software that integrates with developers' version control systems. This software scans new code changes in real-time, offering immediate feedback and remediation for identified security issues. By facilitating a proactive approach to application security, GuardRails enables development teams to enhance the security of their applications while minimizing effort and risk. The company's focus on empowering development teams reflects its commitment to fostering a secure software development environment.

Igloo

Series B in 2022
Igloo, formerly known as Axinan, is a pioneering insurtech firm based in Singapore that provides comprehensive online insurance brokerage services. The company operates across several countries, including Indonesia, Malaysia, Thailand, the Philippines, and Australia, with technology centres in China and Taiwan. Igloo focuses on making insurance accessible to a broader audience by utilizing big data and real-time risk assessment, along with automated claims management. Its business model centers on offering B2B2C insurance solutions tailored for platform and insurance companies. These solutions are designed to help businesses mitigate operational risks, generate new revenue streams, and enhance their existing products and services. Since its inception in 2016, Igloo has positioned itself as a leader in the digital insurance landscape in the Asia-Pacific region.

Wiz AI

Series A in 2022
Wiz Holdings PTE. Ltd. is a Singapore-based company that specializes in developing artificial intelligence software solutions and chatbots aimed at enhancing customer service and operational efficiency for large corporations across Southeast Asia. Founded in 2019, the company provides a range of offerings, including a smart talkbot designed for telemarketing, customer care, and smart guidance. Additionally, Wiz Holdings delivers artificial intelligence as a service (AaaS) solutions focused on mobile office security and big data analysis to improve user behavior insights. With offices in Singapore, Nanjing, and Jakarta, the company leverages a diverse team of experts to advance its humanistic AI conversational technology, enabling businesses to enhance their communication channels and optimize data utilization in a cost-effective manner.

Endowus

Venture Round in 2021
Operator of a financial advisory and personalized investment company intended to grow the clients' money. The company offers access to funds managed by global investment management businesses with long track records of delivering returns that are not normally available to retail investors, enabling investors to access institutional share-class funds at institutional-level fees, charging a single access fee that includes advice, investment, rebalancing, transfers, and brokerage.

Airalo

Series A in 2021
Airalo is the world’s first eSIM store for travellers to access over 190+ eSIMs at the most affordable, local rates from around the world, all via eSIM compatible smartphone, tablet or PC. Airalo offers you both connectivity and freedom - you’ll never have to carry multiple SIM cards or change your number again, no matter where you are in the world.

Endowus

Series A in 2021
Operator of a financial advisory and personalized investment company intended to grow the clients' money. The company offers access to funds managed by global investment management businesses with long track records of delivering returns that are not normally available to retail investors, enabling investors to access institutional share-class funds at institutional-level fees, charging a single access fee that includes advice, investment, rebalancing, transfers, and brokerage.
PT Bank Bisnis Internasional Tbk is a banking institution based in Bandung, Indonesia, that has been operational since 1957. The bank offers a range of financial products and services, including savings accounts, deposit options, and credit facilities. Additionally, it provides Giro services, catering to the banking needs of individuals and businesses alike. The bank aims to support the financial requirements of its customers through its diverse offerings in the Indonesian market.

Halodoc

Series C in 2021
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, facilitating real-time online consultations. The platform also allows patients to order laboratory tests that can be conducted at home and helps them locate nearby hospitals and clinics. Additionally, HaloDoc provides access to licensed medical laboratory services and a medical delivery service known as ApotikAntar, further enhancing the convenience and accessibility of healthcare for its users.

Responsible Cyber

Pre Seed Round in 2020
Responsible Cyber Pte. Ltd., established in 2016 in Singapore, focuses on providing an artificial intelligence-powered platform that assists organizations in managing ecosystem risks across various domains, including financial, environmental, social, governance, and cybersecurity. The platform offers real-time data governance and monitoring, anticipates potential risk scenarios, and recommends mitigation strategies, thereby enhancing compliance and operational resilience. Responsible Cyber's services encompass comprehensive risk management, covering third to fourth-party relationships, and aim to deliver actionable insights for improved security and performance. The company is supported by notable corporate shareholders, including Singtel Innov8 and NUS Enterprise, and has expanded its presence to the United Kingdom. Additionally, Responsible Cyber is part of the ICE71 Scale Program, which is backed by Singapore's Cyber Security Agency and Info-Communications Media Development Authority, furthering its commitment to innovation in the cybersecurity field.

Igloo

Series A in 2020
Igloo, formerly known as Axinan, is a pioneering insurtech firm based in Singapore that provides comprehensive online insurance brokerage services. The company operates across several countries, including Indonesia, Malaysia, Thailand, the Philippines, and Australia, with technology centres in China and Taiwan. Igloo focuses on making insurance accessible to a broader audience by utilizing big data and real-time risk assessment, along with automated claims management. Its business model centers on offering B2B2C insurance solutions tailored for platform and insurance companies. These solutions are designed to help businesses mitigate operational risks, generate new revenue streams, and enhance their existing products and services. Since its inception in 2016, Igloo has positioned itself as a leader in the digital insurance landscape in the Asia-Pacific region.

ClearX

Series A in 2020
Clear builds blockchain-based settlement and clearing networks for global industries. Using enterprise-grade blockchain technologies and programmable smart contracts, these networks allow near-real-time settlement and automatic intelligent dispute resolution on a global scale. This reduces costs, inefficiencies and fraud, while maintaining confidentiality of contracts and trade details. Moreover, these networks enable rapid participant-driven innovation of new on-demand products, contracts, and business models, accelerating exponential growth.

Kredivo Group

Series C in 2019
FinAccel is a financial technology company creating disruptive and meaningful products in retail credit for Southeast Asia, the 7th largest economy in the world and home to nearly 10% of the world's population. With an all star team of investors, founders and employees, FinAccel is currently focused on disruption in the unsecured lending space.

Igloohome

Series B in 2019
Igloohome Pte Ltd, founded in 2015 and headquartered in Singapore, specializes in designing and manufacturing smart security locks for both residential and commercial applications. The company utilizes its proprietary algoPIN technology to create products such as the Deadbolt 2S, Mortise, Smart Keybox, and Smart Padlock. These solutions are particularly beneficial for property owners and short-term rental hosts, offering convenient access control and management. The accompanying Igloohome mobile app enables users to manage multiple locks, perform Bluetooth unlocks, generate one-time PIN codes, and monitor lock battery status. Igloohome distributes its products through various resellers and online channels, integrating its security solutions into everyday property management.

Carro

Series B in 2019
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

CXA Group

Series C in 2019
From a modest start in 2013, when they had just three Fortune 500 clients, CXA has grown to become Asia’s leading Insurtech start-up - affirmed by over 600 clients and backed by a group of astute investors who understand the value and transformative potential of CXA’s groundbreaking platform. Employees are now able to proactively manage their health by choosing the best-suited insurance, wellness and disease management offerings while employers are able to view aggregated health and claims analytics of their workforce to prioritise interventions that reduce costs and improve workplace health, productivity and employee engagement.

Halodoc

Series B in 2019
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, facilitating real-time online consultations. The platform also allows patients to order laboratory tests that can be conducted at home and helps them locate nearby hospitals and clinics. Additionally, HaloDoc provides access to licensed medical laboratory services and a medical delivery service known as ApotikAntar, further enhancing the convenience and accessibility of healthcare for its users.

Data Republic

Series B in 2018
Data Republic Pty Limited is a Sydney-based company that has developed a secure data exchange platform designed to facilitate safe and efficient data sharing among individuals, organizations, and governments. The platform includes tools such as the Senate Platform, which addresses legal, security, and privacy barriers to data sharing, and Senate Matching, which enhances customer insights by integrating datasets from various organizations. Additionally, the Customer Cloud Suite allows users to manage data sharing projects while keeping their source data within secure AWS environments. By providing a comprehensive solution for governing data access and managing shared analytics projects in the cloud, Data Republic enables enterprises to maintain control over data visibility and licensing. This allows organizations to rapidly implement data strategies and launch projects while ensuring compliance with security and privacy regulations. Data Republic also has offices in Calabasas, California, and Singapore, and is supported by notable corporate investors.

SESTO Robotics

Series A in 2018
SESTO Robotics Pte Ltd, founded in 2017 and based in Singapore with an office in China, specializes in the manufacture of autonomous mobile robots and robotic solutions. The company offers a range of products, including the S200.V2, a compact robot designed to handle loads up to 200 kilograms, and various S200 models equipped with 7-axis robot arms or SCARA technology, which are capable of carrying payloads in confined spaces and performing tasks such as picking, placing, and transporting materials. SESTO Robotics focuses on enhancing productivity through its autonomous material movement technology, which streamlines processes in manufacturing, healthcare, and commercial settings. By automating labor-intensive material handling tasks, the company enables clients to improve operational efficiency and maintain high levels of uptime.

Carro

Series B in 2018
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

ShopBack

Series A in 2017
ShopBack offers a one-stop lifestyle portal that powers smarter purchase decisions for consumers. Today, ShopBack is the dominant player in Southeast Asia’s e-commerce Cashback market, with an established presence in Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, powering over 1,000 orders per hour. ShopBack enhances shopping by providing up to 30% Cashback for consumers to boost their purchasing power while providing cost-effective marketing solutions for merchant partners. With over 1,300 merchant partners, including Uber, Expedia, and Lazada, ShopBack constantly strives to bring a smarter shopping experience to the consumers. In October 2015, ShopBack was awarded the winner of the Gold award in the Best Start-up (Growth Stage) category and Silver award in the Best Innovative Infocomm Products (Consumers) category at the 7th Singapore Infocomm Technology Federation (SiTF) Awards. This is the local start-up’s maiden voyage in industry awards, pitting against more than 300 nominations for the esteemed titles. The company was recently awarded the Emerging Enterprise Award in September 2016, jointly organized by The Business Times (Singapore) and OCBC Bank, which recognizes outstanding small and medium enterprises (SMEs) in Singapore.

Carro

Venture Round in 2017
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

Carro

Series A in 2016
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

ShopSpot

Seed Round in 2016
ShopSpot is a mobile shopping platform based in Singapore, founded in 2012, that connects lifestyle brands and retailers with customers to facilitate the sale of a variety of fashion products for both men and women. The platform serves as an online marketplace that not only enables direct sales but also provides additional services such as social management, online production, digital media, communication strategy, and influencer marketing. Through these offerings, ShopSpot aims to help brands expand their market reach and optimize their sales processes.

Igloohome

Seed Round in 2015
Igloohome Pte Ltd, founded in 2015 and headquartered in Singapore, specializes in designing and manufacturing smart security locks for both residential and commercial applications. The company utilizes its proprietary algoPIN technology to create products such as the Deadbolt 2S, Mortise, Smart Keybox, and Smart Padlock. These solutions are particularly beneficial for property owners and short-term rental hosts, offering convenient access control and management. The accompanying Igloohome mobile app enables users to manage multiple locks, perform Bluetooth unlocks, generate one-time PIN codes, and monitor lock battery status. Igloohome distributes its products through various resellers and online channels, integrating its security solutions into everyday property management.

Kai Square

Series B in 2014
Established in 2006, KAI Square is a high-tech company providing innovative technological solutions-related surveillance services & monitoring solutions. KAI Square has built a reputation within the Singapore surveillance market as a highly innovative and technically strong thought-leader who leading system integrators desire to work with. From a modest 7-men operation in 2006 to a strong 50-men operation today, KAI Square has been leading the trend in the Singapore security market with its state-of-the-art security systems by providing the KAI Square Unified Platform. KAI Square is well regarded as the next generation high-end technology provider to telecommunication companies, as well as system integrators. Adopting this proven business model and expertise which have been the key driving force behind the company's strong growth, KAI Square has a growing clientele that comprises of fleet operators, police force and business in the healthcare, security and logistics sector. It currently manages over 20,000 security cameras.

ShopSpot

Seed Round in 2013
ShopSpot is a mobile shopping platform based in Singapore, founded in 2012, that connects lifestyle brands and retailers with customers to facilitate the sale of a variety of fashion products for both men and women. The platform serves as an online marketplace that not only enables direct sales but also provides additional services such as social management, online production, digital media, communication strategy, and influencer marketing. Through these offerings, ShopSpot aims to help brands expand their market reach and optimize their sales processes.

Flocations

Seed Round in 2012
Flocations Pte. Ltd. operates an online platform that allows users to compare travel packages in Southeast Asia. Established in 2012 and based in Singapore, the company offers a unique approach to travel planning by enabling customers to discover travel options based on price rather than traditional criteria like date and destination. Flocations aggregates packages from local travel agencies, providing access to a range of options that are often not available online. This platform serves as a comprehensive resource for travelers, offering information on flights, accommodations, and activities, and aims to simplify the travel booking process with user-friendly applications for mobile and web. As of April 2015, Flocations operates as a subsidiary of Venture Republic Global Pte. Ltd.

Vuclip

Series D in 2012
PCCW Vuclip (Singapore) Pte Ltd operates a technology driven media company delivering on-demand entertainment services. It also offer Viu, an on demand video platform that offers video content in multiple languages for consumers. PCCW Vuclip (Singapore) Pte Ltd was founded in 2008 and is based in Singapore.

Brandscreen

Series B in 2012
Brandscreen is a technology startup specializing in real-time media trading, with its primary office located in Singapore and research and development operations based in Sydney. Founded in 2006, the company has positioned itself as a leader in the online advertising industry, focusing on transforming the purchasing and selling of digital ad space. Brandscreen offers an online trading platform that allows brands and media agencies to engage in real-time bidding for display and mobile advertising across various exchanges. By leveraging advanced technology, Brandscreen aims to streamline the advertising process and enhance the effectiveness of media buying.

Bubbly

Series E in 2012
Bubbly Inc. is a Singapore-based company that operates a social voice application designed to connect users globally through mobile social networks and messaging. The Bubbly app allows users to share voice updates and engage with friends, family, and followers, akin to a voice-enabled version of Twitter. It features capabilities such as following celebrities and public figures, recording and previewing audio instantly, and applying various audio effects and filters. Users can share their posts via email, social media platforms, and personal blogs, while also discovering and listening to content from talented singers and musicians worldwide. Initially launched for feature phones, Bubbly has expanded its reach with versions for smartphones, including iPhone and Android, achieving a user base of over 30 million primarily across Asia. Founded in 2003 and previously known as Bubble Motion, Bubbly Inc. is now a subsidiary of Altruist Technologies Pvt. Ltd. and is also gaining traction in various international markets.

General Mobile Corporation

Venture Round in 2012
General Mobile Corporation is a mobile internet services provider that specializes in offering solutions for emerging markets. Founded in 2011 and headquartered in Taipei City, Taiwan, with additional offices in locations such as Shanghai, Shenzhen, New Delhi, Singapore, Saint-Petersburg, and Redwood City, the company delivers a range of products and services. Its offerings include Go2 Reach, which provides SDKs for client user engagement and mobile device management, Reach Push for content delivery, and Reach Analytics for gathering customer insights. Additionally, General Mobile offers Reach OTA for software updates post-sale, Reach Market for app store services, and Reach Payment, a billing network that supports various payment methods. The company primarily serves original equipment manufacturers (OEMs) and supports Android models across multiple chipset platforms. As of July 2018, General Mobile operates as a subsidiary of Airpush, Inc.

migme

Convertible Note in 2011
Migme Limited is a global digital media company focused on emerging markets offers migme, a fan-based social entertainment platform that offers chat, content, and microblogging services. It enables users to post bite-sized blogs, send messages, and exchange virtual gifts with each other. The site’s revenue is generated via gifts, games, avatar items, emoticons, and stickers. Migme Limited was founded in 2005 and is listed and registered in Australia, with headquarters in Singapore.

JFDI.Asia

Venture Round in 2011
Joyful Frog Digital Incubator (JFDI.Asia) is a Singapore-based seed accelerator modelled on Techstars that has 60% success taking start-up businesses from idea to $600k seed investment in 100 days. JFDI.Asia's focus is on mobile and digital products and services made in Asia, for Asia. Its customers are business start-up teams, early stage business investor/acquirers, and organizations that seek to inspire innovation and entrepreneurship in their workforce.

Stream Media

Series A in 2011
Stream Media Pte Ltd, founded in March 2009 by Chua Zi Yong and based in Singapore, specializes in mobile in-app payments through its platform, MoVend. This solution aggregates various payment providers, including Android Market In-app Billing, Amazon Payments, and Carrier Billing PayPal, into a single, seamless package. As smartphone usage has grown, Stream Media has capitalized on the demand for convenient payment options, allowing users to easily access and consume digital content on the go. MoVend aims to simplify the payment process, enhancing the overall user experience in the digital marketplace.

Bubbly

Series D in 2011
Bubbly Inc. is a Singapore-based company that operates a social voice application designed to connect users globally through mobile social networks and messaging. The Bubbly app allows users to share voice updates and engage with friends, family, and followers, akin to a voice-enabled version of Twitter. It features capabilities such as following celebrities and public figures, recording and previewing audio instantly, and applying various audio effects and filters. Users can share their posts via email, social media platforms, and personal blogs, while also discovering and listening to content from talented singers and musicians worldwide. Initially launched for feature phones, Bubbly has expanded its reach with versions for smartphones, including iPhone and Android, achieving a user base of over 30 million primarily across Asia. Founded in 2003 and previously known as Bubble Motion, Bubbly Inc. is now a subsidiary of Altruist Technologies Pvt. Ltd. and is also gaining traction in various international markets.

2359 Media

Series A in 2011
2359 Media Pte Ltd. is a mobile publishing platform based in Singapore, founded in 2009. The company specializes in developing interactive mobile applications that assist content publishers, business owners, and advertising agencies in distributing content across various smartphone platforms. Its notable products include SG Malls, a location-based application for navigating malls, iMerlion, an iPhone guide, and SG Property, which aids property buyers during their search. Additionally, 2359 Media offers applications like Gameaxis.com Mobile Reader, Scoreless Music Hub, Geeky Gadgets, and YugaTech, each providing users with the latest news and reviews in gaming, music, technology, and gadgets. The firm focuses on creating user-centric digital products through a data-driven approach, offering services in product consulting, data analytics, software engineering, and branding, ultimately helping clients innovate and enhance their mobile engagement strategies.
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