Singapore’s Elev8.vc Closes $30M Deep Tech Fund, Strengthening Asia’s Innovation Ecosystem

In a significant move for Southeast Asia’s startup and innovation ecosystem, Elev8.vc, a Singapore-based venture capital firm specializing in early-stage deep tech investments, has announced the successful closure of a $30 million fund. The fund is set to back pioneering startups in sectors such as artificial intelligence, medical technology, robotics, aerospace, and advanced manufacturing, further cementing Singapore’s reputation as a global hub for high-impact innovation.

Backing Innovation: First Portfolio Highlights

Already, several promising ventures have joined Elev8.vc’s portfolio, including:

These companies embody Elev8.vc’s mission to fund transformative solutions in emerging, high-potential fields—ranging from space exploration to AI-powered agriculture.

Strategic Backers Fueling Deep Tech Ambitions

Elev8.vc’s fund has garnered support from an impressive roster of institutional investors, tech entrepreneurs, corporate partners, and family offices. Notable backers include:

  • Steve Chen, Co-founder of YouTube
  • Abhishek Gupta, Founder of Circles.Life
  • AppWorks, a leading startup accelerator and VC firm

Importantly, the Singapore Economic Development Board (EDB) has partnered with Elev8.vc through its SG Startup Equity (SSGE) scheme, aligning public and private sector efforts to catalyze deep tech innovation locally.

Bridging Science and Business

According to Aditya Mathur, Founder and Managing Director of Elev8.vc, the fund is uniquely positioned to address the challenges of deep tech investment—including long development cycles and the complexity of translating scientific breakthroughs into viable products. Through a blend of capital and strategic guidance, the firm is building a robust ecosystem for sustainable, innovation-led growth.

Diversifying with MiyaHealth: Elev8.vc’s Bet on Digital Healthcare

Expanding beyond core deep tech, Elev8.vc also participated in a S$6.5 million ($4.83 million) Pre-Series A round for MiyaHealth, a digital HealthTech startup in Singapore. The round was led by ST Engineering Ventures and supported by angels from healthcare and private equity sectors.

Founded in 2019, MiyaHealth delivers AI-powered digital platforms like MiyaPayor, MiyaPatient, and MiyaProvider—serving over 3,000 medical institutions and 12,000 physicians across Asia and Europe. This investment signals Elev8.vc’s broader interest in impactful tech that reshapes real-world industries.


Connecting Innovation at the 5th International Conference on Business Management & Research Studies

For professionals, investors, and innovators inspired by Singapore’s flourishing tech scene, the upcoming:

5th International Conference on Business Management & Research Studies
📍 Singapore City, Singapore
📅 06–07 October 2025
📧 Email: team@clsconf.com

More info at www.business.clsconf.com
🎯 Theme: Artificial Intelligence in Business: Redefining Leadership, Strategy, and Innovation

is a must-attend platform to engage in dialogue about the future of business and technology.

This prestigious event will bring together global thought leaders, startup founders, researchers, and business executives to explore the evolving role of AI in shaping strategic business outcomes and leadership paradigms.


As Elev8.vc continues to drive momentum in deep tech investments and digital health, and as global stakeholders converge in Singapore for collaborative discourse, it’s clear that Singapore is not just participating in the future of tech—it’s leading it.


Source: Technode Global

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