Elev8.vc invests $30m in deep tech startups with global ambition

The fund will focus on supporting startups in key sectors such as artificial intelligence and med tech.

Singapore-based venture capital firm Elev8.vc closed a $30m deep tech fund aimed at fostering technological innovation.

The fund will focus on supporting startups in key sectors such as artificial intelligence, med tech, robotics, and advanced manufacturing, to position Singapore as a global hub for groundbreaking advancements in these fields.

The new fund has already been invested in a diverse portfolio of startups, including Aevice, Auristone, CoNEX, Equatorial Space, Gush, KABAM Robotics, Moon Technologies, N&E Innovations, and Polybee, along with two stealth-mode companies.

The fund is expected to back 20 to 30 high-potential startups, providing both capital and strategic resources to accelerate their growth.

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