Singapore-based Antares Ventures, a deep-tech venture capital firm focused on science- and engineering-led startups, said on October 14 that it secured more than US$50 million in commitments for Antares Ventures I at its second close.

The firm is targeting a final fund size of US$100 million.

Antares said the fund’s backers include family offices, as well as corporate and strategic investors from Southeast Asia, Japan, and Korea.

The firm added that it will continue fundraising while deploying capital selectively.

Antares said Fund I has invested about US$27 million across nine companies.

These include Singapore’s VFlowTech, the UK’s IONATE, Germany’s enaDyne, and India’s The ePlane Company.

Singapore’s Economic Development Board announced an additional S$440 million (US$344 million) for partnerships with global venture capital firms.

The National University of Singapore also launched a S$150 million (US$117 million) venture capital program for deep-tech startups, alongside public-sector support such as SEEDS Capital’s co-investment model and SGInnovate.

🔗 Source: Antares Ventures