Singaporean venture capital firm closes $30m 'deep tech' fund

Elev8.vc plans to invest in 20 to 30 startups; targeting AI, medical, robotics

20250129 Singapore view

The "deep tech sector" is viewed as a key economic driver for Singapore. 

MARS W. MOSQUEDA JR.

CEBU, Philippines -- Singapore-based venture capital firm Elev8.vc has announced the close of a $30 million fund aimed at early-stage investments in "deep tech" startups, targeting sectors such as AI, medical technology, robotics and advanced manufacturing.

The fund has already backed companies including Aevice Health, Auristone, CoNEX, Equatorial Space, Gush, KABAM Robotics, Moon Technologies, N&E Innovations and Polybee, along with two undisclosed ventures.

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