Established in 2010, Singtel Innov8 is the corporate venture capital fund of Singtel, Asia’s leading communications technology group. With an evergreen fund of US$350 million, Innov8 invests in and partners start-ups with promising innovations and possible applications for Singtel Group’s diverse business needs.
By leveraging Singtel Group’s presence in across 21 countries in Asia, Australia and Africa with a total combined reach of over 770 million mobile customers and partnerships with local and global stakeholders, Innov8 helps start-ups grow and go beyond their home markets.
Innov8 also connects start-ups with Singtel Group operations and telecommunications partners worldwide via Innov8 Sparks.
Innov8 is managed by its own set of decision-making, approval and investment processes.
Investment Strategy
- Geographical Strategy: Innov8 is deeply rooted to innovation hotspots of the world for new ideas, technology, products, and services, with offices in Singapore, San Francisco, Tel Aviv, and Beijing.
- Investment Stage: Innov8 seeks opportunities for and invests in companies at all stages of development, from seed to early growth.
- Funding Size: Innov8’s ticket size for investments is guided by the level of strategic relevance to the Singtel Group and the maturity of the start-ups. Typically, the initial investment amounts range between US$1 million to US$5 million.
Innov8’s Investment Themes
- 5G Enterprise & Applications: Cutting-edge technologies and solutions leveraging 5G to support the Group’s network capabilities and the development of new enterprise applications
- Digital ASEAN: Emerging digital winners in high growth areas within Singtel footprint markets to provide optionality for the Group to collaborate
- Data Privacy & Security: Next-generation technologies strengthening data protection, privacy and information security capabilities
- Green-Tech: Innovative green solutions optimising facilities operations (e.g. data centres), energy consumption, and carbon footprint
- Future-Ready Workforce: Collaboration and productivity enablers championing a future-ready hybrid workforce
- New Emerging Technologies: Key technologies unlocking the future of communication