Singtel Innov8

Singtel Innov8 Pte. Ltd. is the venture capital arm of the Singtel Group, established in 2010 and headquartered in Singapore, with additional offices in San Francisco and Tel Aviv. The firm specializes in seed to early-stage investments in innovative technology companies globally, focusing on sectors such as big data, artificial intelligence, blockchain, cloud computing, digital media, fintech, health tech, and next-generation network solutions. With a fund size of approximately US$250 million, Singtel Innov8 typically invests between S$100,000 and S$30 million, though it may consider larger investments on a case-by-case basis. In addition to financial backing, the firm provides start-ups with access to the extensive resources and expertise of the Singtel Group, thus fostering collaboration and development in emerging technologies that enhance customer experiences.

Punit Chiniwalla

Managing Director of Investments

Edgar Hardless

CEO

Michael Kim

Director, Investments

Ken Lau

Senior Associate

Pui Yan Leung

Director, Investments and Operations

Selvam Moorthy

Senior Director, Investments, Singapore

Alex Neo

Associate, Investments

Gil Prashker

Director

Nigel Quah

Associate, Investments

Darren Soh

Associate, Investments

Danny Su

Country Director, China

Monica Tsai

Senior Director Investments and Operations Singapore

Kum Tho Wan

Managing Director

Past deals in Singapore

Intellect

Series A in 2022
Intellect Company Pte. Ltd., established in 2019 and headquartered in Singapore, offers digital therapy programs designed to help users improve their traits, habits, and behaviors. The platform features psychological training initiatives developed by a team of leading psychologists and behavioral experts, aiming to provide accessible mental health support through technology.

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 is a fast growing startup deploying cutting edge conversational voice AI technology into large corporations throughout Southeast Asia. Backed by globally leading venture capital funds, we are rapidly expanding our humanistic AI conversational solutions across industries. With offices in Singapore, Nanjing and Jakarta, our diverse team of scientists, researchers, linguists, dialogue designers have cross-functional expertise, and are constantly pushing the boundaries of humanistic AI conversation for ASEAN languages.

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.

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.
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.

Igloohome

Series B in 2019
Igloohome Pte Ltd designs and manufactures its smart security locks based on algoPIN technology. Its products include Deadbolt 2S, Mortise, Keybox 2 and Padlock. The company also offers a smart application and Access Management Platform to control door locks and access monitoring solutions. the company via its partners distributes and integrates its products. Igloohome Pte Ltd was founded in 2015 and is headquartered in Singapore, Singapore.

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.

Data Republic

Series B in 2018
Data Republic Pty Limited develops a data exchange platform that allows data to flow securely between individuals, organizations, and governments. It offers Senate Platform, a data governance platform for data sharing the complex legal, data security, and privacy barriers to data sharing with partners; and Senate Matching a dataset with other organizations that provides a more holistic view of the customer and improve the customer experience. It also offers Customer Cloud Suite enables senate platform users to facilitate data sharing projects without having to move source data from their own secured AWS environments. The company was incorporated in 2014 and is based in Sydney, Australia. It has office location in Calabasas, California; and Singapore.

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 that enables lifestyle brands and retailers to connect with customers and sell their products. The company was founded in 2012 and is headquartered in Singapore.

Igloohome

Seed Round in 2015
Igloohome Pte Ltd designs and manufactures its smart security locks based on algoPIN technology. Its products include Deadbolt 2S, Mortise, Keybox 2 and Padlock. The company also offers a smart application and Access Management Platform to control door locks and access monitoring solutions. the company via its partners distributes and integrates its products. Igloohome Pte Ltd was founded in 2015 and is headquartered in Singapore, Singapore.

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 that enables lifestyle brands and retailers to connect with customers and sell their products. The company was founded in 2012 and is headquartered in Singapore.

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
We're a real-time media trading tech startup with offices in Sydney (where all our R&D magic happens), Singapore (our head office) and have a partner office in Shanghai, China. Founded in 2006, we've already established ourselves as a global leader in the real-time media trading industry and are passionate about changing the way online ad space is bought and sold. We're equally as passionate about finding great people to work with.

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, Asia’s leading mobile consultancy firm, helps its clients profit from the mobile landscape by providing a full suite of solutions. With 2359 Media, brands can provide rich interactive mobile experience with a proven high engagement rate. By developing highly engaging interactive mobile applications, 2359 Media help clients to excite consumer with the latest mobile marketing elements such as location-based service, social media engaging, and cutting-edge mobile technologies.