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Elev8.VC is a venture capital firm based in Singapore and Bangalore that invests in early-stage deep technology enterprises and growth-stage technology startups operating across the broader Asian market. The firm targets advanced technology sectors such as smart mobility, medical technology, novel materials, and complex computing, typically providing initial funding amounts between $250,000 and $500,000 per early-stage company. Across its dual investment strategies, the organization manages a $30 million early-stage vehicle with 20 portfolio companies and recently completed a $67 million first close for a targeted $200 million growth-stage fund focused on Series B and Series C financing rounds. The firm raises capital from family offices and high-net-worth individuals, with institutional backers and limited partners that include KB Investment, Venture Catalysts, and YouTube co-founder Steve Chen. Elev8.VC was originally founded in 2018 by managing partner Navin Honagudi.
Key people at Elev8.VC.
Elev8.VC primarily targets early-stage B2B (business-to-business) startups that are developing deep tech solutions. The firm focuses on companies creating advanced technologies to solve complex challenges within various industries.
Elev8.VC has reported the closure of a $30 million deep tech fund. This capital is allocated to support innovation and growth within its portfolio of deep tech startups.
Elev8.VC primarily targets early-stage B2B (business-to-business) startups that are developing deep tech solutions. The firm focuses on companies creating advanced technologies to solve complex challenges within various industries.
Elev8.VC has reported the closure of a $30 million deep tech fund. This capital is allocated to support innovation and growth within its portfolio of deep tech startups.
Elev8.VC is a Singapore-based venture capital firm dedicated to investing in deep tech B2B startups. The firm's core mission involves identifying and supporting early-stage companies that are developing advanced technological solutions to address complex industry challenges. This focus allows Elev8.VC to engage with innovative businesses poised for significant impact within the enterprise sector.
Founded in 2021, Elev8.VC has established itself as a participant in the deep tech investment landscape. Its operational base in Singapore underscores its regional focus and commitment to fostering technological advancements from this strategic hub. The firm's approach emphasizes not just capital provision but also strategic guidance for its portfolio companies.
Elev8.VC's investment thesis is rooted in the belief that deep tech innovations, particularly those serving the B2B market, hold substantial potential for growth and disruption. By targeting early-stage ventures, the firm aims to be a foundational partner in the development and scaling of these technologies, contributing to their market entry and expansion.
In a notable development, Elev8.VC announced the closure of a $30 million deep tech fund. This fund is intended to propel innovation by providing necessary capital to startups aligned with the firm's investment criteria. The successful fund closure highlights Elev8.VC's capacity to mobilize resources for its strategic objectives within the deep tech sector.
Key people at Elev8.VC.
Elev8.VC has 7 tracked investments across 6 companies. The latest tracked deal is $43.0M Seed in Polybee in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 9, 2026 | Polybee | $43.0M Seed | Elev8.VC, Paspalis | Jorge Heraud, Seeds Capital |
| Aug 18, 2025 | Evitado Technologies | $2.9M Other Equity | Elev8.VC, Morado Ventures | Assembly Ventures, Iagi Ventures |
| Nov 23, 2023 | Entropica Labs | $4.7M Series A | Pierluigi Freni, B. Paul Santos | CerraCap Ventures, Seeds Capital, Sutd Venture Holdings |
| Nov 16, 2021 | PreAct Technologies | $13.0M Series A | Michael Remmes | Gotham Partners, Stargazer Ventures, Traylor Capital |
| Dec 3, 2020 | PreAct Technologies | $1.6M Other Equity | Alpha Bridge Ventures | Sony |
| Aug 24, 2020 | Fibronostics | $8.0M Series A | AT Capital Group, Elev8.VC | — |
| Mar 24, 2020 | UNL | $2.0M Seed | Elev8.VC, HERE | William BAO Bean, Venture Rock |
