Singapore Angel Network

Singapore Angel Network (SGAN) Pte Ltd operates as a dedicated venture capital firm, distinguishing itself from a traditional loose angel network by its structured approach and institutional backing. A subsidiary of the Singapore Business Federation (SBF), Singapore's apex business chamber, SGAN plays a pivotal role in fostering the startup ecosystem within the city-state. Its mandate extends beyond mere capital provision, aiming to connect promising early-stage companies with strategic resources and mentorship from SBF's extensive network of businesses.

SGAN primarily focuses on early-stage investments, targeting companies in their Seed and Pre-Series A rounds. The firm exhibits a broad sector agnostic approach, with a particular interest in emerging technologies and high-growth areas such as FinTech, HealthTech, Artificial Intelligence (AI), DeepTech, and Sustainability. A cornerstone of SGAN's investment strategy is its management of the Startup SG Equity Fund, a significant co-investment initiative in partnership with Enterprise Singapore. This collaboration enables SGAN to co-invest alongside the Singapore government, leveraging public funds to catalyze private capital into innovative startups.

Through its management of the Startup SG Equity Fund, SGAN facilitates substantial investment rounds. For Seed and Early-Stage investments, Enterprise Singapore co-invests up to 70% of the round, capped at S$250,000 (approximately US$185,000). This implies that SGAN, or the private investors it brings, would typically cover the remaining portion, leading to total seed rounds often exceeding S$350,000. For Series A rounds, the government's co-investment can reach up to 50% of the round, with a cap of S$2,000,000 (approximately US$1,480,000). This structure positions SGAN to participate in and facilitate larger Series A rounds, where their portion or the private capital they manage would be at least S$2,000,000. While SGAN's direct cheque size varies depending on the syndicate, their involvement typically ensures a significant capital injection, ranging from approximately US$75,000 for early seed rounds to US$1,500,000 for their share in larger Series A deals.

This strategic partnership with Enterprise Singapore underscores SGAN's commitment to de-risking early-stage investments for private capital and accelerating the growth of Singapore-based startups. By combining private sector expertise with government support, SGAN effectively bridges the funding gap for nascent companies, contributing significantly to Singapore's reputation as a vibrant hub for innovation and entrepreneurship.