Singapore-based venture capital firm Elev8.vc has closed a US$30 million fund to support early-stage deep tech startups in sectors like AI, medical technology, robotics, and advanced manufacturing.

The fund aims to back 20 to 30 startups, providing capital and connecting them with markets and resources across Asia, Europe, and North America.

Elec8.vc has already invested in startups, while also supporting two stealth-mode companies working on space exploration and sustainable materials innovations.