41 investors have funded 10 Horizontal E-Commerce companies head-officed in Singapore, across 64 rounds (Jun 2010 – Mar 2025). They are ranked by how many Singapore companies in this market they have actually backed.
"In Singapore" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | Kinnevik | Stockholm, Sweden | Series BSeries CSeries D | 2 | 5 | 1 | Mar 2015 | 80 |
| 2 | The Asia Pacific Internet Group | Singapore, Singapore | Series BSeries A | 2 | 2 | — | Sep 2015 | 10 |
| 3 | 500 Global | San Francisco, United States | Series CSeries BSeries A | 1 | 4 | — | May 2018 | 1,988 |
| 4 | Golden Gate Ventures | Singapore, Singapore | Series CSeries BSeries A | 1 | 4 | — | May 2018 | 87 |
| 5 | Rakuten | San Francisco, United States | Series BSeries ASeed | 1 | 4 | 3 | May 2018 | 38 |
| 6 | Peak XV Partners | Bengaluru, India | Series BSeries ASeries C | 1 | 3 | 1 | May 2018 | 406 |
| 7 | Verlinvest | Brussels, Belgium | Series CSeries DSeries E+ | 1 | 3 | 1 | Nov 2014 | 51 |
| 8 | Summit Partners | Boston, United States | Series CSeries B | 1 | 2 | 1 | Jun 2013 | 295 |
| 9 | China Growth Capital | Series ASeries B | 1 | 2 | — | Mar 2016 | 136 | |
| 10 | IDG Ventures | San Francisco, United States | Series ASeries B | 1 | 2 | — | Mar 2016 | 88 |
| 11 | Tengelmann Ventures | Munich, Germany | Series BSeries C | 1 | 2 | — | Jun 2013 | 35 |
| 12 | eBay | San Jose, United States | Series ASeed | 1 | 2 | 1 | Jul 2015 | 27 |
| 13 | Temasek | Singapore, Singapore | Series E+ | 1 | 1 | 1 | Nov 2014 | 450 |
| 14 | HV Capital | Munich, Germany | Series C | 1 | 1 | — | Jun 2013 | 270 |
| 15 | J P Morgan | New York City, United States | Series A | 1 | 1 | 1 | Sep 2012 | 293 |
| 16 | Oak Investment Partners | Greenwich, United States | Series A | 1 | 1 | — | Jul 2015 | 179 |
| 17 | EDBI | Singapore, Singapore | Series C | 1 | 1 | 1 | May 2018 | 170 |
| 18 | British International Investment | London, United Kingdom | Series B | 1 | 1 | 1 | Sep 2015 | 147 |
| 19 | Rocket Internet | Berlin, Germany | Series E+ | 1 | 1 | — | Nov 2014 | 123 |
| 20 | Bain Capital | Boston, United States | Series A | 1 | 1 | — | Jul 2015 | 117 |
| 21 | UOB | Singapore, Singapore | Series A | 1 | 1 | — | Jul 2015 | 76 |
| 22 | Access Industries | New York City, United States | Series D | 1 | 1 | — | Nov 2013 | 57 |
| 23 | Beenos | Tokyo, Japan | Series A | 1 | 1 | — | Mar 2015 | 45 |
| 24 | Quest Ventures | Singapore, Singapore | Seed | 1 | 1 | — | Nov 2013 | 44 |
| 25 | Brookside Capital | San Francisco, United States | Series A | 1 | 1 | — | Jul 2015 | 27 |
| 26 | Heliconia Capital Management | Singapore, Singapore | Series E+ | 1 | 1 | 1 | Nov 2021 | 21 |
| 27 | NAVER | Seongnam-si, South Korea | Series D | 1 | 1 | 1 | Sep 2020 | 23 |
| 28 | TEV Ventures | Essen, Germany | Series A | 1 | 1 | — | Mar 2015 | 20 |
| 29 | STIC Investments | Seoul, South Korea | Series E+ | 1 | 1 | 1 | Sep 2021 | 25 |
| 30 | NH Investment & Securities | Seoul, South Korea | Series D | 1 | 1 | — | Sep 2020 | 22 |
| 31 | Crystal Horse Investments | Singapore, Singapore | Seed | 1 | 1 | — | Jan 2012 | 19 |
| 32 | DBS Bank | Singapore, Singapore | Series C | 1 | 1 | — | May 2018 | 14 |
| 33 | SABAN Capital Group | Los Angeles, United States | Series A | 1 | 1 | — | Jul 2015 | 7 |
| 34 | Singapore Press Holdings | Singapore, Singapore | Series A | 1 | 1 | 1 | Jul 2015 | 7 |
| 35 | Tradeworks.vc | Singapore, Singapore | Seed | 1 | 1 | — | Mar 2025 | 6 |
| 36 | Olx Group | Amsterdam, Netherlands | Series C | 1 | 1 | 1 | Apr 2019 | 4 |
| 37 | Alps Ventures | Singapore, Singapore | Seed | 1 | 1 | — | Dec 2013 | 3 |
| 38 | GoTo Group | Jakarta, Indonesia | Series E+ | 1 | 1 | 1 | Sep 2023 | 2 |
| 39 | Advance Intelligence Group | Singapore, Singapore | Series B | 1 | 1 | 1 | Jun 2022 | 1 |
| 40 | Tesco | Welwyn Garden City, Uk | Series D | 1 | 1 | — | Nov 2013 | 1 |
| 41 | Dealguru Holdings | Singapore, Singapore | Seed | 1 | 1 | — | Dec 2013 | 1 |
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
Horizontal E-Commerce companies head-officed in Singapore that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| Carousell carousell.sg |
13 | 24 | $1B | Series E+ Sep 2023 |
| Lazada lazada.com |
10 | 17 | $2.6B | Series E+ Nov 2014 |
| Qoo10 qoo10.com |
7 | 8 | $574.7M | Series A Jul 2015 |
| Duriana duriana.com |
3 | 3 | $4.1M | Series A Mar 2015 |
| PricePanda pricepanda.com.sg |
3 | 3 | — | Series A Mar 2015 |
| Daraz daraz.com |
2 | 2 | $112.6M | Series B Sep 2015 |
| ezbuy ezbuy.sg |
2 | 4 | $40M | Series B Mar 2016 |
| Atome atome.sg |
1 | 1 | $31M | Series B Jun 2022 |
| Save22 save22.com |
1 | 1 | $100K | Seed Jan 2012 |
| Sailorscart sailorscart.com |
1 | 1 | $100K | Seed Mar 2025 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Mar 2025 | Tradeworks.vc | Sailorscart | Seed | $100K |
| Sep 2023 | GoTo GroupLED | Carousell | Series E+ | $2.8M |
| Jun 2022 | Advance Intelligence GroupLED | Atome | Series B | $31M |
| Nov 2021 | Heliconia Capital ManagementLED | Carousell | Series E+ | $10M |
| Sep 2021 | STIC InvestmentsLED | Carousell | Series E+ | $100M |
| Sep 2020 | NAVERLED | Carousell | Series D | $80M |
| Sep 2020 | NH Investment & Securities | Carousell | Series D | $80M |
| Apr 2019 | Olx GroupLED | Carousell | Series C | $56M |
| May 2018 | Peak XV Partners | Carousell | Series C | $85M |
| May 2018 | 500 Global | Carousell | Series C | $85M |
| May 2018 | RakutenLED | Carousell | Series C | $85M |
| May 2018 | EDBILED | Carousell | Series C | $85M |
| May 2018 | Golden Gate Ventures | Carousell | Series C | $85M |
| May 2018 | DBS Bank | Carousell | Series C | $85M |
| Aug 2016 | RakutenLED | Carousell | Series B | $35M |
| Aug 2016 | 500 Global | Carousell | Series B | $35M |
| Aug 2016 | Golden Gate Ventures | Carousell | Series B | $35M |
| Aug 2016 | Peak XV Partners | Carousell | Series B | $35M |
| Mar 2016 | IDG Ventures | ezbuy | Series B | $20M |
| Mar 2016 | China Growth Capital | ezbuy | Series B | $20M |
Horizontal E-Commerce investors in other cities
Other markets in Singapore