Singapore Angel Network
20 UPPER CIRCULAR ROAD #03-06 THE RIVERWALK, Singapore, Central Region, 058416
Overview
SGAN is an early stage VC fund, anchored by the multi-billion dollar Thakral group of companies. SGAN is one of the largest angel funds with investments in over 110 companies across India, Singapore and USA.
- Total investments
- 12
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 6
Investment portfolio
- BeYouPlus (previously MyDermacy)
Participated · Series A · Nov 2019
BeYouPlus (earlier known as MyDermacy) is a Gurugram-based healthcare platform founded in 2014 that offers a turnkey solution enabling specialist doctors to add procedural capability to their outpatient departments. Its core product is a technology-enabled model that standardises daycare and elective medical procedures to improve practitioner efficiency and provide quality-assured services. The company is currently focused on dermatology services and plans to extend its model to allied specialties in the future. BeYouPlus positions itself against competitors such as VLCC, Kaya Clinic, DocsApp and Remedico in the segment. Management says it will deploy the new funds to strengthen its technology stack and expand services across geographies. The market opportunity cited in the statement notes the Indian daycare procedure market could grow to $12 billion with an estimated 40 million procedures by 2022.
- Juno
Participated · Seed · Oct 2019
Juno provides checking accounts tailored for crypto users, enabling customers to take paychecks in digital tokens and spend crypto or cash via a Mastercard-powered debit card. The platform integrates with popular U.S. payroll systems, offers bill payments, and provides zero-fee onramps from checking accounts to Layer 2 networks such as Polygon, Arbitrum, and Optimism. Juno also automates tax reporting through form 1099 for customers, reducing manual transaction and gains calculations. The startup has amassed over 75,000 U.S. customers and reported $1 billion in annualized transaction volume processing. Juno is launching an optional tokenized loyalty program (an ERC-20 called JCOIN) and has generated a 150 million token snapshot for eligible customers. Founders, employees, and investors are not taking token allocations to avoid conflicts of interest. The founding team previously worked on Nuo protocol and positioned the product with compliance at its core to onboard users to web3 via a familiar checking-account interface. Juno is a digital banking platform built on top of Ethereum that relies on the Nuo lending protocol and will offer smart-contract wallets paying 5.5% annual interest on USDC. The flagship product has no fees and includes a Venmo-style peer-to-peer payment option. Juno plans an initial launch in the U.S., Europe, Singapore and Japan and will partner with online money transmitters for on-ramps, with potential future bank partnerships for debit cards and free cross-border payments. The platform says it will fund yields from interest earned on short-term crypto-collateralized loans and margin-trading loans originated through Nuo. Deposits will be insured by a price-volatility insurance fund under development by Nuo as well as smart-contract insurance. Nuo currently reports $25 million in deposits and $20 million in loans disbursed, which the team will leverage as they roll out Juno.
- SpotDraft
Participated · Series A · Feb 2019
Founded in 2017, Bengaluru- and New York-based SpotDraft offers VerifAI, an on-device contract review tool embedded in Microsoft Word that compares documents against a customer’s policies and playbooks without sending data to the cloud. The product sits within the company’s broader contract lifecycle management platform, now used by more than 700 customers—including Apollo.io, Panasonic, Zeplin, and Whatfix—to process over 1 million contracts annually. SpotDraft’s customer base has grown from roughly 400 accounts a year earlier, driving contract volume up 173% year over year and supporting 50,000 monthly active users. Management reports revenue growth of 169% in 2024 and a similar pace in 2025, with expectations of 100% year-over-year growth in 2026. The company employs 300-plus people, primarily in Bengaluru, with small teams in the U.S. and U.K. By keeping core contract intelligence on-device, SpotDraft targets highly regulated sectors such as defense and pharma that have strict data-residency and privacy requirements. Proceeds from the latest funding will be used to deepen AI capabilities and expand go-to-market efforts across the Americas, EMEA, and India in partnership with Qualcomm.
- Vahdam
Led · Series A · Dec 2017
Vahdam India is a six-year-old DTC brand that retails tea, spices and superfoods under a home-grown label across global markets. It directly sources tea and spices from farms and estates and owns an in-house manufacturing unit in the national capital region, leveraging technology to cut out middlemen and disrupt traditional supply chains. The company plans to use new capital to expand distribution across online and offline channels, enter new geographies and complementary categories, invest in R&D and strengthen its management team. Financially, Vahdam more than doubled income in FY21, clocking over Rs 160 crore in net revenues versus Rs 75 crore in FY20, and has achieved EBITDA profitability. Post this round, total funding to date stands at Rs 290 crore and the company’s valuation is about Rs 700 crore. Management targets reaching Rs 500 crore in revenue over the next three years.
- DoSelect
Participated · Seed · Nov 2016
DoSelect operates a collaborative technical-assessment platform that helps organisations hire technical talent by measuring real skills. The platform provides tools such as online hackathons to evaluate skills in web technologies, databases, UI/UX and Big Data. Candidates can use the platform to prepare for interviews and improve outcomes. The company has a 12-member team and counts clients including InMobi and Amazon India. Founded in mid-2014 and run by Axilly Labs Pvt. Ltd, DoSelect was started by Sanket Saurav, Rohit Tirkey and Iliyas Shirol. Management says the recent investment will add value to its product roadmap as it seeks to shift the technical measurement landscape.