Investments
125Portfolio Exits
34Funds
2Service Providers
1About SingTel Innov8
Singtel Innov8, the venture capital arm of the Singtel Group, invests in and partners with innovative tech start-ups worldwide. It has a fund size of US$250 million and its own set of decision making, approval and funding processes. Beyond funding, Singtel Innov8 is a gateway for start-ups to tap on the resources and expertise of the Singtel Group, while enabling the Group to gain access to emerging technologies. Singtel Innov8 focuses its investments on technologies and solutions that can lead to quantum changes in network capabilities, next generation devices, digital services and enablers to enhance customer experience. Headquartered in Singapore, Singtel Innov8 also has offices in San Francisco and Tel Aviv.
SingTel Innov8 Headquarter Location
71 Ayer Rajah Crescent #02-22
139951,
Singapore
+65 6838 4686
Latest SingTel Innov8 News
Jun 22, 2022
" Artificial Intelligence startup WIZ.AI has announced that it has raised US$30 million in funding. The round was led by Tiger Global, GL Ventures and Gaorong Capital while other investors include Yunqi Partners, Singtel Innov8 and K3 Ventures. Kum Tho Wan, Managing Director - Investments, Asia Pacific, Singtel Innov8 said, “We believe in investing in technology and people to deliver the best possible value and experiences for users, especially our customers. WIZ.AI has the strong capability to improve support and expertise in local conversational language using AI that really listens, understands and speaks like a local.” The 2019-founded startup has developed the Talkbot, which can deliver over 100 million automated customer interactions, with speech pattern recognition, text-to-speech voice customisation, and self-learning extended dialogue management. The flagship AI is what caught the interest of the investors as it is programmed to converse in English, Malay, Mandarin, Thai, Tagalog, Vietnamese, Bahasa Indonesia and colloquial forms of English such as Singlish and Taglish (a form of Filipino English). With the latest investment, the company plans to expand globally in South-east Asia and Latin America, building out its research and development as well as service teams in those markets. “Our new growth strategy, supported by this latest round of investment, will enable us to further hone our competitive advantages in localising and hyper personalising diverse languages and accents, humanising machines to efficiently solve everyday issues for people,” said Jennifer Zhang, Chief Executive Officer and Co-Founder of WIZ.AI.
SingTel Innov8 Investments
125 Investments
SingTel Innov8 has made 125 investments. Their latest investment was in Wiz Holdings as part of their Series A on June 6, 2022.
SingTel Innov8 Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/22/2022 | Series A | Wiz Holdings | $30M | Yes | Gaorong Capital, GL Ventures, K3 Ventures, Tiger Global Management, and Yunqi Partners | 1 |
4/12/2022 | Series C | Silverfort | $65M | No | 3 | |
3/29/2022 | Series B - II | DataMesh | Yes | SIG Asia Investments, and Undisclosed Investors | 2 | |
3/1/2022 | Series C | |||||
11/29/2021 | Series B |
Date | 6/22/2022 | 4/12/2022 | 3/29/2022 | 3/1/2022 | 11/29/2021 |
|---|---|---|---|---|---|
Round | Series A | Series C | Series B - II | Series C | Series B |
Company | Wiz Holdings | Silverfort | DataMesh | ||
Amount | $30M | $65M | |||
New? | Yes | No | Yes | ||
Co-Investors | Gaorong Capital, GL Ventures, K3 Ventures, Tiger Global Management, and Yunqi Partners | SIG Asia Investments, and Undisclosed Investors | |||
Sources | 1 | 3 | 2 |
SingTel Innov8 Portfolio Exits
34 Portfolio Exits
SingTel Innov8 has 34 portfolio exits. Their latest portfolio exit was Intricately on March 29, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/29/2022 | Acquired | 4 | |||
3/15/2022 | Acquired | 11 | |||
10/11/2021 | Acquired | 17 | |||
Date | 3/29/2022 | 3/15/2022 | 10/11/2021 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 4 | 11 | 17 |
SingTel Innov8 Fund History
2 Fund Histories
SingTel Innov8 has 2 funds, including Innov8 Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/31/2010 | Innov8 Fund | Early-Stage Venture Capital | Closed | $152.51M | 1 |
Telkomsel & Singtel Fund |
Closing Date | 12/31/2010 | |
|---|---|---|
Fund | Innov8 Fund | Telkomsel & Singtel Fund |
Fund Type | Early-Stage Venture Capital | |
Status | Closed | |
Amount | $152.51M | |
Sources | 1 |
SingTel Innov8 Service Providers
1 Service Provider
SingTel Innov8 has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | General Counsel |
Service Provider | |
|---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
SingTel Innov8 Team
10 Team Members
SingTel Innov8 has 10 team members, including current Chief Executive Officer, Edgar Hardless.
Name | Work History | Title | Status |
|---|---|---|---|
Edgar Hardless | Chief Executive Officer | Current | |
William Bao Bean | Managing Director | Current | |
Michael Kim | Touchdown Ventures, Rogers Venture Partners, Morgan Stanley, Oppenheimer & Co., CIBC World Markets, and J.P. Morgan & Co. | Managing Director | Current |
Punit Chiniwalla | Senior Director | Current | |
Sock Koong Chua | Chief Executive Officer | Former |
Name | Edgar Hardless | William Bao Bean | Michael Kim | Punit Chiniwalla | Sock Koong Chua |
|---|---|---|---|---|---|
Work History | Touchdown Ventures, Rogers Venture Partners, Morgan Stanley, Oppenheimer & Co., CIBC World Markets, and J.P. Morgan & Co. | ||||
Title | Chief Executive Officer | Managing Director | Managing Director | Senior Director | Chief Executive Officer |
Status | Current | Current | Current | Current | Former |
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