Elev8.vc
6A Shenton Way #04-01 to 09, Singapore, 068815
Overview
Elevate VC invest in and support early-stage deep tech founders (up to Series A), to scale their businesses globally.
- Total investments
- 8
- Lead investments
- 4
- Investments · 12mo
- 2
- Active investors
- 3
Investment portfolio
- Polybee
Led · Seed · Feb 2026
Founded in 2019 in Singapore by Siddharth Jadhav, Polybee integrates self-recharging micro-drones, computer vision and AI to scan crops, predict optimal harvest timing and autonomously pollinate self-fruiting plants. The drones collect high-resolution imagery and, through proprietary models, deliver yield forecasts that have demonstrated 3× profit improvements in spinach and broccoli and up to 15% higher yields in greenhouse tomatoes, strawberries and blueberries. Growers pay a fixed fee per hectare for an end-to-end service that bundles hardware, software and field support, eliminating the need to purchase drones. Commercial contracts are already in place with Australia’s largest glasshouse producers, major U.S. fresh-produce growers and the U.K.’s second-largest greenhouse berry producer. Polybee’s platform is hardware-agnostic, operating on off-the-shelf DJI drones that self-launch and recharge from docking stations. Near-term product expansion includes mounting multispectral cameras to automate disease and stress scouting, and the company aims to scale its footprint five-fold to more than 4,000 acres by 2026. Revenue figures were not disclosed, but management cites rapid ROI and cost reductions as key adoption drivers.
- Terra Oleo
Participated · Equity · Sep 2025
Terra Oleo is a Singapore-based biotechnology startup developing engineered yeast strains that convert agricultural and biodiesel waste into a range of oils, including cocoa butter analogs and specialty oleochemicals for the cosmetic and pharmaceutical sectors. Co-founded in 2022 by Shen Ming Lee, whose family is a major palm-oil producer, and MIT PhD Boon Uranukul, the company aims to offer a more sustainable alternative to traditional palm-oil supply chains. Its team has selected three yeast species and used genetic and metabolic engineering to boost production of targeted triglycerides, enabling the microbes to secrete finished specialty fats without costly downstream refining. Although the company is currently producing only gram-scale quantities in the lab, it plans to use newly raised capital to reach kilogram-scale production. Early cost analysis indicates that Terra Oleo could achieve margins of roughly 80% on certain oleochemicals because its process skips multiple refining steps. Over time, the founders hope to collaborate with incumbent palm-oil players to diversify global vegetable-oil supply and reduce deforestation impacts.
- Evitado Technologies
Led · Equity · Aug 2025
Founded in 2022, Alltheway has developed what it calls the first operating system dedicated to baggage logistics, allowing passengers’ luggage to be checked in and tracked from city centers through every transit point to final delivery in the destination city. The platform links airlines, airports, hotels, rail operators, and event venues through a shared API ecosystem, creating a more fluid and secure baggage journey that can reduce time spent in airports to mere minutes. The company already moves more than 1,200 bags per day and collaborates with high-profile partners such as Accor, Air France, RATP, Groupe ADP, Disneyland Paris, ViParis, and SNCF. With fresh funding, Alltheway plans to bolster its technology stack, expand its API suite, and accelerate international rollout—specifically eyeing the United States and establishing Morocco as a hub for wider African expansion. Management envisions the product becoming the standard operating system for luggage in the era of AI-enabled travel. Although revenue figures were not disclosed, the startup has twice attracted strategic investors from the travel and infrastructure sectors, underscoring strong commercial validation. The company expects the new capital to deepen integrations across mobility, hospitality, and event segments while scaling daily bag volume and geographic reach.
- Entropica Labs
Participated · Series A · Nov 2023
Entropica Labs develops software development tools that help users design fault-tolerant versions of quantum circuits and algorithms. The company is built on the thesis that commercial quantum computing requires fault-tolerant quantum error correction and focuses on enabling active error removal from quantum computations. It partners with quantum hardware providers to enable testing of its products on real quantum hardware. Entropica plans to use its recent financing to expand the team and continue leveraging strategic partnerships. The company raised US$4.7M in a Series A round to support those plans. Entropica Labs is a Singapore-based quantum computing software solutions startup. The company develops software solutions for quantum computing. It raised $1.8 million (S$2.6 million) in seed funding led by Elev8. The round included participation from SGInnovate, Wavemaker Partners, Lim Teck Lee Group, Japanese software firm TIS Inc, V1 Capital, and Entrepreneur First. The article does not disclose valuation or other financial terms beyond the round size. No operating metrics or future plans were reported in the article.
- PreAct Technologies
Participated · Series A · Nov 2021
PreAct Technologies builds near-field, software-definable flash LiDAR hardware and sensor suites that it describes as patent-pending and high-resolution. Its technology targets a wide range of industries including automotive, healthcare, ITS, industrial, consumer electronics, robotics and trucking. The company acquired AI-driven computer vision and gesture-recognition firm Gestoos in January to combine an AI algorithm development platform with PreAct’s flash LiDAR. That combination is intended to improve edge processing of sensor data and reduce reliance on system integrators for new applications and software-defined services. PreAct says it will use recent funding to drive R&D of AI-based computer vision solutions and to expand into industrial and other non-automotive applications. The company is led by CEO Paul Drysch and maintains offices in Portland, OR; Ashburn, VA; Rochester, NY; and Barcelona, Spain. PreAct Technologies builds high-speed, near-field sensing and perception technology—branded TrueSense—to detect imminent collisions in the "last 100 feet" and enable pre-crash airbags and other safety countermeasures. The company aims to complement or replace short-range radar, ultrasound, and camera sensors and to lower the cost and complexity of ADAS while enabling new use cases such as park assist and self-parking. PreAct emphasizes millisecond-scale detection to prepare vehicles for imminent collisions and reduce severe injuries and fatalities. The firm is headquartered in Portland, Oregon. On the heels of its recent financing, PreAct was awarded a $1 million prize from Luminate and plans to establish a manufacturing base in New York state. The new funds are intended to advance deployment and commercialization of its sensor suite and countermeasure algorithms. PreAct Technologies is a Portland, Ore.-based automotive safety company that develops a precrash sensing and response system. Its system uses precision, near-field sensors operating at extremely high speed to sense a vehicle’s immediate surroundings and track all objects in real-time. The sensors are also suited for slower ADAS functions such as self-parking, curb detection, and pedestrian warning. That capability allows automotive OEMs to multitask their sensor suite to address both ADAS and precrash functions as a combined package. Led by CEO and co-founder Paul Drysch, the company raised $1.6M in funding led by Alpha Bridge with participation from elev8.vc and Sony Innovation Fund. PreAct said it will use the funds to accelerate market penetration of its system.