Heliconia Capital

Heliconia Capital is a private equity firm established in 2010 and operates as a subsidiary of Temasek Holdings in Singapore. The firm specializes in investing in growth-oriented small and medium-sized enterprises within Singapore. By targeting companies with significant potential for expansion, Heliconia Capital aims to foster their development and contribute to the overall economic growth of the region.

Derek Lau

CEO and Board Member

Oliver Wong

Managing Director

28 past transactions

Sin Chew Woodpaq

Private Equity Round in 2025
Sin Chew Woodpaq provides customized wooden crating, industrial packaging solutions, industrial machinery moving solutions, heavy lift, rigging, project logistics, transport, warehousing, material treatment, semiconductor logistics solution, manufacturing logistics solution, aerospace logistics solution, marine and offshore logistics solution, oil, gas, and petrochemical logistics solution services. They address inquiries through phone calls and emails.

XM Studios

Venture Round in 2023
XM Studios produces handcrafted collectibles from pop culture brands including Marvel and DC Comics.

Little Farms

Private Equity Round in 2023
Little Farms is a store that provides e-commerce services. The store offers meats, seafood, dairy, grocery and more. They are delivering outstanding quality food and exceptional customer service from the farm to your table in 24 hours.

Little Farms

Debt Financing in 2023
Little Farms is a store that provides e-commerce services. The store offers meats, seafood, dairy, grocery and more. They are delivering outstanding quality food and exceptional customer service from the farm to your table in 24 hours.

Tessa Therapeutics

Series A in 2022
Tessa Therapeutics is a biotechnology company focused on developing innovative T cell therapies for the treatment of cancer, particularly solid tumors and lymphoma. The company specializes in creating virus-specific T cells and CAR T cells, leveraging the body's natural immune response to target and eliminate cancer cells. By advancing both autologous and allogeneic cell therapy approaches, Tessa Therapeutics aims to transform cancer treatment, providing healthcare providers with new tools to improve patient outcomes and enhance the quality of life for those affected by cancer.

ADDX

Series B in 2022
ADDX is a company focused on democratizing private capital markets by utilizing blockchain and smart contract technology. Founded in 2017 and regulated by the Monetary Authority of Singapore, ADDX automates various manual processes related to the life cycle of securities across multiple asset classes, including pre-IPO equity, hedge funds, private equity funds, and wholesale bonds. This innovation enables the fractionalization of investments, significantly reducing minimum investment amounts from $1 million to $20,000, thereby allowing more accredited individual investors to access previously inaccessible opportunities. The company's platform facilitates the issuance, settlement, custody, and secondary trading of digital securities, streamlining the trading process and ensuring secure access to capital markets for both investors and issuers.

Crown Digital

Seed Round in 2022
Crown Digital is a technology company that specializes in automated coffee service solutions. Originally a traditional café operator, the company transformed its business model in response to challenges such as high rental costs, labor shortages, and the impact of the Covid-19 pandemic. Crown Digital has developed an innovative robotic barista that utilizes artificial intelligence and machine learning to provide autonomous, contactless coffee serving. This technology aims to address labor and cost issues within the food and beverage industry, allowing businesses to operate more efficiently while enhancing customer service.

Haulio

Series A in 2021
Haulio is a rapidly growing container haulage platform based in Singapore, established in 2017 by co-founders Alvin Ea and Sebastian Shen. The company operates in Southeast Asia, focusing on connecting global trade to local first-mile transportation across the ASEAN region. Haulio's platform serves as a marketplace that links users with a network of carriers, freight forwarders, drivers, and port operators. This system facilitates collaboration among haulers, allowing logistics businesses to optimize resources, enhance visibility, and improve reliability for end customers. Through its innovative approach, Haulio aims to transform international freight logistics into a more sustainable and efficient model.

Carousell

Private Equity Round in 2021
Carousell is a Singapore-based classifieds marketplace that facilitates the buying and selling of preloved items through its mobile app, available on iOS and Android. Launched in August 2012, Carousell has expanded its operations to 19 cities across seven countries, offering a wide range of products, including fashion, electronics, and home goods. Users can easily list items for sale by taking a photo and adding a description, allowing for a straightforward and efficient trading experience. The platform has gained significant popularity, ranking as the top shopping app in Singapore, Taiwan, Hong Kong, and Australia. Carousell is supported by prominent venture capital firms, underscoring its position as a leader in the consumer-to-consumer marketplace sector.

XM Studios

Private Equity Round in 2021
XM Studios produces handcrafted collectibles from pop culture brands including Marvel and DC Comics.

ADDX

Series A in 2021
ADDX is a company focused on democratizing private capital markets by utilizing blockchain and smart contract technology. Founded in 2017 and regulated by the Monetary Authority of Singapore, ADDX automates various manual processes related to the life cycle of securities across multiple asset classes, including pre-IPO equity, hedge funds, private equity funds, and wholesale bonds. This innovation enables the fractionalization of investments, significantly reducing minimum investment amounts from $1 million to $20,000, thereby allowing more accredited individual investors to access previously inaccessible opportunities. The company's platform facilitates the issuance, settlement, custody, and secondary trading of digital securities, streamlining the trading process and ensuring secure access to capital markets for both investors and issuers.

Lucence

Series A in 2019
Lucence is a precision oncology company that specializes in non-invasive liquid biopsy tests for cancer detection and treatment selection. By utilizing advanced technologies, including sequencing and cellular imaging, Lucence aims to identify the hallmarks of cancer at an earlier stage. The company's total liquid biopsy approach focuses on profiling cancer through the analysis of circulating tumor DNA and RNA, allowing healthcare professionals to enhance the accuracy and affordability of cancer diagnosis and treatment planning.

Secretlab

Series B in 2019
Secretlab is a Singaporean gaming chair manufacturing company that was founded in 2014. It operates in the United States, Canada, United Kingdom, Europe, Australia, and South-East Asia, with its headquarters in Singapore. Secretlab specializes in the creation and production of its own line of gaming chairs.

Sesto Robotics

Series A in 2018
SESTO Robotics Pte Ltd, founded in 2017 and headquartered in Singapore with an additional office in China, specializes in manufacturing robots and robotic solutions designed for various material handling tasks. Its product lineup includes the S200.V2, a compact robot capable of carrying loads up to 200 kilograms, and the S200 series, which features a 7-axis robot arm suitable for payloads of up to 20 kilograms and a SCARA configuration for efficient picking, placing, and transporting of materials. SESTO Robotics focuses on providing intelligent and flexible automated guided vehicles, enhancing productivity for global companies through sophisticated autonomous material movement technology.

Tessa Therapeutics

Venture Round in 2017
Tessa Therapeutics is a biotechnology company focused on developing innovative T cell therapies for the treatment of cancer, particularly solid tumors and lymphoma. The company specializes in creating virus-specific T cells and CAR T cells, leveraging the body's natural immune response to target and eliminate cancer cells. By advancing both autologous and allogeneic cell therapy approaches, Tessa Therapeutics aims to transform cancer treatment, providing healthcare providers with new tools to improve patient outcomes and enhance the quality of life for those affected by cancer.

SHIELD

Series A in 2017
SHIELD specializes in online fraud management solutions that assist enterprises in mitigating the risks associated with fraudulent payments and accounts. The company employs advanced technology, including trading algorithms, real-time pattern recognition, and passive biometric analytics, to identify fraudulent behaviors autonomously. SHIELD offers a comprehensive suite of services, including fraud prevention, network security, credit intelligence, and identity verification. It serves a diverse range of industries, including mobile applications, digital wallets, e-commerce, and marketplaces. Trusted by major global enterprises such as Razer, Alibaba, and BEAT, SHIELD safeguards over seven billion devices and protects approximately 500 million user accounts annually. Founded in 2007 and based in Singapore, the company was previously known as CashRun Pte Ltd.

ONE Championship

Series C in 2017
ONE Championship is Asia's largest sports media property with a global broadcast to over 1 billion potential viewers across 128 countries. Headquartered in Singapore, the world’s most exciting martial arts organization is home to some of the greatest martial artists in the world, hosting Asia's greatest sports entertainment events in the largest stadiums of the most iconic cities across the region.

Ascent Solutions

Private Equity Round in 2016
Ascent Solutions is cargo tracking and management company.

Futuristic Store Fixtures

Private Equity Round in 2016
Futuristic Store Fixtures Pte., Ltd., founded in 2005 and based in Singapore, specializes in manufacturing and distributing furniture and store fixtures for a range of global retail clients, including well-known brands such as The Body Shop, Dockers, Adidas, Reebok, and Banana Republic. The company focuses on creating brand-building environments through modular systems that are value-engineered to support the agility and mobility of store openings. By offering custom solutions, Futuristic Store Fixtures caters to the specific needs of its clients, facilitating efficient global roll-outs of retail spaces. As a former subsidiary of SingXpress Ltd., the company has established a reputation for quality and innovation in the retail store fixture industry.

Deluge Fire Protection

Private Equity Round in 2015
Deluge Fire Protection provides fire protection contracting services to the construction industry. Deluge Fire Protection provides comprehensive maintenance, repairs, and servicing for all fire protection systems, including twenty-four seven emergency calls out.

STAR 360

Private Equity Round in 2014
STAR 360 is a Singapore-based retailer specializing in sports and fashion footwear. The company offers a diverse range of products, including casual, formal, and running footwear for both men and women, as well as sandals, sneakers, and specialized shoes for sports like tennis and volleyball. In addition to footwear, STAR 360 provides a variety of accessories such as bags and wallets, along with gym essentials like hydration products and masks. The company operates specialty stores and distributes its products globally, focusing on delivering high-quality items from various brands to meet the preferences of its customers.

Focus Network Agencies

Private Equity Round in 2014
Focus Network Agencies produces and retails chocolate and confectionery brands throughout Asia, through a chain of retail stores branded as The Cocoa Trees, enabling customers to choose from a range of different brands of chocolates.
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