The Business Times

Deep-tech VC firm Elev8.vc announces close of latest US$30 million fund

The fund is expected to back 20 to 30 startups in areas like artificial intelligence, medtech and robotics

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Benjamin Cher

Benjamin Cher

Published Mon, Jan 27, 2025 · 07:34 PM
    • The fund has already deployed capital into a number of startups, such as including medtech startup Aevice and paint maker Gush.
    • The fund has already deployed capital into a number of startups, such as including medtech startup Aevice and paint maker Gush. PHOTO: PIXABAY

    DEEP-TECH venture capital (VC) firm Elev8.vc on Monday (Jan 27) announced a US$30 million close of its latest fund.

    Investors into the Singapore-based VC firm’s latest fund include institutional investors, family offices and founders like YouTube founder Steve Chen.

    The fund will invest into deep-tech startups in sectors like artificial intelligence, medtech, robotics and advanced manufacturing. Capital from the new fund has already been deployed into a number of deep-tech startups, including medtech startup Aevice and paint maker Gush.

    The fund is expected to back between 20 and 30 deep-tech startups.

    “With this fund, we aim to support and champion founders who are transforming scientific discoveries into commercially viable solutions that address global challenges,” said Aditya Mathur, founder and managing director of Elev8.vc.

    Venture capitalStartup funding

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