Sectors of focus are Advanced Manufacturing & Engineering;
Health & Biomedical Sciences and Urban Solutions & Sustainability
SEEDS Capital, the investment arm of Enterprise Singapore, has appointed Plug and Play as one of the co-investment partners. Plug and Play will be one of 13 new partners alongside MassMutual Ventures, Real Tech Holdings and Schweizer World Group to jointly invest into Singapore-based deep tech startups under the Startup SG Equity Scheme.
This brings the total number of active partners to 46. The appointment of these new partners is expected to catalyse more than S$150 million worth of investments into deep tech startups across Advanced Manufacturing & Engineering, Health & Biomedical Sciences, and Urban Solutions & Sustainability, in line with the technology domains under Singapore’s Research, Innovation and Enterprise Plan.
Managing Partner of Plug and Play APAC, Jupe Tan said, "Plug and Play is honoured to be appointed as a partner to co-invest in the Urban Solutions and Sustainability domain.”
"Over the past few years, we have invested in over 100 startups globally on solutions to eliminate plastic waste, promote a circular economy, reduce our carbon footprint and generally to make cities more liveable and sustainable. With this partnership, we aim to invest in more Singaporean startups and provide them access to our global programmes and networks, such as partner organisations like the Alliance to End Plastic Waste and the Asian Development Bank. This would allow them to pilot and commercialise their solutions, and get access to additional funding.”
Global trends concerning digital health, agri-food tech, urban mobility and logistics & supply chain have emerged or heightened as a result of the COVID-19 pandemic casting a spotlight on areas such as sustainability, supply chain resilience and healthcare needs. SEEDS Capital and the newly appointed partners will work together to invest in early-stage deep tech startups and support them in developing new and disruptive technologies that can enable enterprises and industries to mitigate challenges and plan for the future.
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 30 locations with over 450 official corporate partners. Companies in our community have raised over $97 billion in funding, with successful portfolio exits including Danger, Dropbox, N26, Rappi and PayPal. For more information, visit https://www.plugandplayapac.com