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The Venture Codex

Leo Capital

1 Raffles Quay #09-05 North Tower, Singapore, Central Region, 048583

Overview

Leo Capital is a venture capital fund investing in early-stage and technology-centric opportunities. The venture capital fund was founded in 2018 and is based in New Delhi, India.

Total investments
45
Lead investments
23
Investments · 12mo
6
Active investors
5

Sector focus

  • Business Development
  • Financial Services
  • Venture Capital
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Investment portfolio

  • StrainX Bioworks

    Led · Equity · May 2026

    Co-founded in 2023 by Akshay Mittal and Alok Malaviya, StrainX Bioworks focuses on engineering biological systems and using precision fermentation to produce high-value food ingredients and alternative proteins. The company develops proprietary enzymes, proteins and metabolites aimed at the food, healthcare and agriculture sectors and integrates strain engineering, fermentation infrastructure, process engineering and product development into a single platform. It spent two years building capabilities while operating in stealth mode and says it has demonstrated fermentation at the 10,000-litre scale. StrainX is preparing to scale production further and pursue commercialisation in India and overseas markets, including the US. The recent $13 million raise will fund expansion of R&D, fermentation infrastructure and growth of its engineering and scientific teams to support industrial-scale manufacturing and global go-to-market efforts.

  • Kayna

    Participated · Seed · Mar 2026

    Kayna, founded in 2021 by CEO Paul Prendergast and CTO Peter Bermingham, has built an infrastructure layer that allows vertical SaaS platforms serving small businesses—such as restaurants, franchise networks, construction firms, and field-service operators—to embed insurance offerings directly into their workflows. The company simplifies distribution for insurers and unlocks ancillary revenue for software vendors by integrating underwriting, policy issuance, and claims into existing software stacks. During its pre-seed phase (2023–2025) Kayna partnered with global broker Willis Towers Watson and launched live embedded insurance programs in the UK and US across cyber, equine, and security verticals, including a February 2026 launch with Belfry for the physical-security industry. It also rolled out an AI toolkit that automates insurance-policy analysis. Headquartered in Cork’s Penrose Wharf, Kayna has committed to creating 13 new roles and has already made senior hires in Ireland and the United States. The company’s near-term focus is expanding commercial operations in the UK and US markets, funded by its new seed capital. No revenue or user figures were disclosed in the article.

  • GeneralMind

    Led · Seed · Jan 2026

    GeneralMind is a Berlin-based AI startup founded in 2025 by the team behind German unicorn Razor Group. The company is developing an autonomous AI platform—described as a “System of Action”—that executes end-to-end, repetitive white-collar workflows across commonly used enterprise tools such as email, spreadsheets and ERP software. Its flagship feature, AI Autopilot, functions as a human-supervised assistant that parses unstructured communications and completes routine tasks without manual intervention. The technology is aimed at large enterprises; early customers already include firms listed on the NASDAQ, MDAX and SDAX indices. With a secondary office in Bangalore, the startup intends to leverage a distributed team for engineering and go-to-market execution. Fresh capital will be used to accelerate product development, scale operations and broaden adoption throughout Europe and additional regions. No revenue, user or other operating metrics were disclosed in the articles reviewed.

  • SylloTips

    Participated · Seed · Sep 2025

    Founded in 2023, Rome-based SylloTips has built a multi-agent AI platform that embeds directly in Microsoft Teams to automate companies’ internal competence centres. The system deploys AI agents across functions such as sales, customer service, operations and IT, and when an agent lacks confidence it automatically involves subject-matter experts, capturing their feedback into a governed, verifiable memory. The software connects to major enterprise tools including Salesforce, SAP, ServiceNow, Jira, Google Drive and Microsoft Copilot, avoiding new silos while adhering to corporate IT policies. Current customers like EOLO, COIMA, Leonardo Assicurazioni and Gruppo AB have converted 100 % of pilots into production use, demonstrating early product-market fit. Key use cases include reducing call-centre handling times, guiding field technicians with contextualised procedures, and accelerating complex sales quotations. The platform supports multimodal data, operates in multiple languages and is available through the Azure Marketplace as a Microsoft partner. With the fresh capital, SylloTips plans to expand agent modules, strengthen its governed memory, broaden connectors and integrations, and scale go-to-market efforts in telecom, insurance, banking and defence while adding senior hires in AI and sales.

  • TERN Group

    Participated · Series A · Sep 2025

    TERN Group operates an enterprise clinical AI workforce platform that sources, credentials, trains, relocates and settles healthcare professionals via integrated AI-driven workflows and human-led support. The system claims 60% faster time-to-hire, roughly 3x cost savings vs. locum models, 15–20% productivity gains, and 96% candidate retention. TERN has signed more than 100 global healthcare clients, including 18 UK NHS trusts, and expanded from one to six core markets (Germany, UK, UAE, KSA, Japan and USA). Over 650,000 healthcare professionals from 13 countries have signed up to the platform. Financially, the company has now raised a total of $33 million. With the new funding it plans to expand UK operations, deepen NHS and care-group partnerships, accelerate product development (compliance automation, workforce planning, system integrations) and invest in international clinical, linguistic and cultural preparation for hires.

Team