SEEDS Capital seeks co-investors to back deep-tech startups

Singapore

ARMED with up to S$150 million from the Startup SG Equity scheme, SEEDS Capital is on the lookout for more co-investors to back early-stage, deep-tech startups in the Republic.

During Budget 2020 in February, Deputy Prime Minister and Finance Minister Heng Swee Keat said that the government will set aside an additional S$300 million under the Startup SG Equity co-investment scheme to catalyse investment into deep-tech startups. As these startups need larger investments and longer gestation periods, and face higher risks, investors are less prepared to invest in them, he noted.