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The Venture Codex

BlueRed Partners

160 Robinson Road #25-04 SBF Centre, Singapore, Central Singapore, 068914

Overview

BlueRed Partners is a venture capital fund that invests in the e-commerce, finance, healthcare, agriculture, technology, and retail sectors. The firm was founded in 2017 and is based in Singapore.

Total investments
13
Lead investments
3
Investments · 12mo
1
Active investors
3

Sector focus

  • Finance
  • Health Care
  • Software
  • Venture Capital
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Investment portfolio

  • Gain

    Participated · Seed · Sep 2025

    Gain develops virtual AI employees that combine advanced reasoning engines, domain-specific models, and orchestration layers to work together as a secure, high-performing team inside customer environments. Each AI employee is tailored to the client through training camps, simulations, and live feedback until it surpasses human benchmarks, adheres to compliance requirements, and delivers measurable ROI. Key product attributes include predictable pay-per-outcome pricing, optional human-in-the-loop oversight, deep industry and geographic tuning, and end-to-end encryption with enterprise-grade security. The company plans to add new AI employee roles, expand its product teams, and boost go-to-market efforts across the United States and Europe. Gain’s seed-stage balance sheet has been strengthened by $12 million in new capital, providing resources for continued R&D and commercial expansion. No revenue, user, or other operating metrics were disclosed in the article.

  • Incredo

    Participated · Series C · May 2023

    Incredo develops Incredo Sugar, a sugar‑based solution that binds cane or beet sugar with a natural carrier to reduce sugar content by 30–50% without changing ingredients or sensory profile. The product is commercially available and the company completed its first commercial year last year, securing partnerships with Batory Foods and Blommer Chocolate Co. Incredo launched in Europe earlier this year and plans to expand in Asia later in 2023, with increased availability across Europe, Israel and the U.S., where it has a headquarters in Austin. CEO Ari Melamud, who joined in 2021, says the company hit its revenue target but declined to disclose specifics and has aggressive growth plans for the next two years. Incredo is running hundreds of projects in the U.S. to accelerate adoption, while noting that major food manufacturers may take two years or more to change recipes. The company plans to invest the new funding primarily into R&D and commercialization to improve and launch product versions and scale sales.

  • Incredo

    Participated · Series C · May 2023

    DouxMatok has rebranded to Incredo LTD around its signature product, Incredo Sugar. The company focuses on food‑tech solutions to reduce sugar while maintaining taste. It announced a $30 million Series C to further support research and development and to integrate its product into a variety of applications. The company said the funds will also be used to accelerate commercial partnerships. Investors in the round include strategic commercial partners and both new and existing financial backers. The announcement was made from New York, NY. DouxMatok develops efficient flavor-delivery technologies and a patented sugar-reduction solution that enhances perceived sweetness to enable substantial sugar reduction without compromising taste or mouthfeel. The company holds 20 granted patents and is led by CEO and co-founder Eran Baniel. It intends to use the funds for large-scale production and sales of its sugar solution, commercialization in Europe and North America, and expansion of its technology platform to include next-generation products and flavors such as salt. DouxMatok is soon expected to complete industrial manufacturing of its sugars in Europe in partnership with Südzucker AG, followed by commercialization in North America. It is engaged in multiple collaborations with food companies to reformulate popular products, with initial commercial quantities expected in the last quarter of 2019. The company is based in Petach Tikva, Israel. DouxMatok has developed a carrier technology that directs sugar molecules to sweetness receptors on the tongue, increasing sweetness efficacy so recipes can use about 30% less sugar depending on the product. The technique is produced using sustainable green chemistry principles and the company says it is compliant with FDA and EU regulations. DouxMatok works with sugar refiners and food brands: it buys refined sugar at wholesale, re-engineers it into DouxMatok sugar, and shares revenue from sales to food companies. The team includes CEO Eran Baniel, his father and co‑founder Dr. Avraham Baniel, and CTO Dr. Alejandro Marabi; the company started from their work to address excess sugar consumption. Longer-term plans include launching a consumer bagged sugar brand and applying the same carrier approach to other ingredients such as salt. The company recently raised funding to advance commercialization and industry partnerships.

  • InZiv

    Led · Series A · Apr 2022

    InZiv develops high-resolution testing and inspection equipment for advanced displays, using proprietary nano-optical technology and advanced microscopy tailored to microLED, QLED, and OLED technologies. The company’s products focus on electroluminescence (EL) and photoluminescence (PL) inspection to help manufacturers detect and repair defects. InZiv aims to improve manufacturing yields, lower production costs, and broaden access to advanced displays for consumers. Led by Founder and CEO David Lewis, the company serves leading advanced display manufacturers. Following the announced financing, InZiv plans to accelerate development of fast EL and PL automated solutions, make strategic company appointments, and expand its global presence, with particular focus on the US and Asia to support customer demand. The company is based in Jerusalem, Israel. InZiv is a Jerusalem, Israel–based startup that designs and manufactures inspection equipment for identifying critical defects in pixels of advanced displays. Led by CEO David Lewis, the company focuses on nano-optical and metrological tools that can study defects not detectable with existing inspection equipment. Its products target challenges introduced by smaller pixels in OLED, MicroLED, and QLED screens, where nanoscale defects contribute to low yields and higher manufacturing costs. InZiv says its portfolio will enable flat panel display manufacturers to improve manufacturing processes and lower production costs. The company closed a $2.5M Series A and intends to use the funds to further develop and expand its line of advanced inspection tools to better serve the FPD industry. The technology aims to enable greater access to advanced displays by addressing high-value defect problems in production.

  • Gauzy

    Participated · Series D · Feb 2022

    Gauzy Ltd. focuses on research, development, manufacturing, and marketing of vision and light-control technologies, including smart glass and ADAS solutions. The company positions its products to support safe, sustainable, comfortable, and agile user experiences across multiple industries. Gauzy serves leading brands in over 50 countries through direct fulfillment and a certified and trained distribution channel. It is headquartered in Tel Aviv and maintains subsidiaries and entities in Germany, France, the United States, Canada, China, and Dubai. The article describes Gauzy as a world leader in smart glass and ADAS technologies. Gauzy develops and manufactures vision and light-control technologies—applying nanotechnologies like polymer dispersed liquid crystals and microscopic light-absorbing particles in films or directly on glass and polycarbonate. Its technologies enable modulation of transparency, opacity and translucency, and can help manage temperature to reduce energy costs. The company serves customers in construction, automotive, and aeronautics, and positions itself across R&D, design, production and final delivery. Gauzy also markets award-winning ADAS products, including next-generation camera-based smart mirrors, motion sensors, and optimized safety gates to improve visibility and blind-spot management. The company emphasizes sustainability, safety, comfort and wellbeing in its product applications. The article notes Gauzy is in a Series D funding round and received an initial investment from Hamilton Global Opportunities. Gauzy develops and manufactures suspended‑particle device (SPD) light‑control film and related enabling hardware (branded LCG®/SPD‑Smart) used to instantaneously change window tinting and create display functionality. Its products are sold through a distribution channel of over 70 certified industrial partners and direct fulfillment, and the company reports approximately $50 million in 2021 revenues. The combined Gauzy/Vision Systems entity holds over 60 patents, 20 product categories, five manufacturing sites, 14 global offices and about 480 employees. Key production assets include a material synthesis facility in Israel and an 11,000 sqm SPD production site near Stuttgart, Germany with capacity to produce 1,000,000 sqm of SPD material yearly. Gauzy’s customers and integrations include automotive OEMs, aircraft and marine OEMs, LG Display, Avery Dennison, BMW and others, and the technology has been used in tens of thousands of vehicles. Going forward Gauzy plans to expand architectural and mobility deployments, integrate Vision Systems’ electronics and control systems capabilities, and add greater intelligence to control systems and ADAS/APAS offerings. Gauzy develops and manufactures two commercial active light-control technologies—SPD (suspended particle device) and LC (liquid crystal)—which are embedded into LCG (Light Control Glass) for dynamic, user-controlled light control. The company operates a material synthesis facility in Israel and a custom SPD production line in Stuttgart, Germany, producing SPD emulsion and light-control film for automotive, aircraft, and architectural industries. Gauzy’s German production site is set within an 11,000 sqm property and is dedicated to producing 1,000,000 sqm of SPD material yearly. The company reports a global distribution network of over 60 certified partners and sales, marketing, and distribution sites in multiple US cities and China. Gauzy positions SPD as providing up to 99.5% light blocking for shading while maintaining view, and highlights reduced costs and shortened delivery times from its production techniques. The company plans to use advances in product development and high-volume production to expand serial implementation of LCG technologies by industrial players.

Team

  • Daniel Bijaoui

    CEO

  • Daniel Harel

    Founder & Managing Partner

    LinkedIn
  • Yishai Klein

    Co-Founder & Managing Partner

    LinkedIn