Cap Vista Private Limited (Cap Vista), the strategic investment arm of the Defence Science and Technology Agency (DSTA), which operates under Singapore’s Ministry of Defence (MINDEF), has become an investment partner of Canada’s TandemLaunch, an incubator and seed fund focused on creating, incubating and accelerating early-stage technology startups.
This collaboration has the potential to open new doors for TandemLaunch’s cutting-edge technology start-ups, which works closely with consumer electronic companies and universities to identify disruptive technologies with a sizeable market opportunity.
Cap Vista’s mission is to identify and make strategic venture investments in local and overseas emerging and early-stage enterprises, structuring deals ranging from direct equity investments or project-linked financing with convertible options or warrants tied to milestone delivery. The size of each investment depends on the investment stage, with Cap Vista’s website stating it does not invest above $2 million in a single deal.
Cap Vista’s CEO, Chee Wei Ng, said, ”We invest in technology startups with promising applications and products that seek to develop their businesses in the Asian defence and security market. We believe that such innovative technologies and partnerships are beneficial for our mutual entrepreneurial ecosystems, as well as the defence and security needs of Singapore.”
Since its foundation in 2010, TandemLaunch created 13 ventures valued at over $100 million and employing over 250 high-tech workers in the Montreal area. Notable portfolio companies include LandR, SPORTLOGiQ and wrnch.
TandemLaunch closed its TLV Fund II in November 2016 reaching C$15 million ($11.45 million) with the support of BDC Capital and a pool of private and international investors.
This capital will allow TandemLaunch to initiate at least another dozen new ventures that can draw on the financial and commercial support of a select group of Investment Partners.
“Our ability to bring together brilliant technologists, entrepreneurs and strategic partners is at the core of our unique value creation model,” said Seetze, who adds, “Beyond their investment in TandemLaunch Ventures Fund II, this partnership formalizes a framework by which Cap Vista can further empower our ventures by providing access to potential new sources of funds and development opportunities internationally.”