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The Venture Codex

Upstream Ventures

35 Selegie Road, #10-05, Parklane Shopping Mall, Singapore, 188307

Overview

Established in 2003 in Singapore, Upstream Ventures focuses on early-stage venture creation by providing funding, expertise and networks to emerging companies across Singapore, India and China. We back outstanding teams that have the vision and discipline to build high-growth enterprises targeting Asian and global markets in sectors such as consumer Internet and mobile solutions, enterprise software, IDM and semiconductors. Key investments include anti-counterfeit solution provider Singular ID (acquired by Bilcare), Asia's leading property portal Property Guru (acquired by TPG), and Tagit, Asia's leading provider of digital solutions for the financial services and smart nation sectors.

Total investments
4
Lead investments
0
Investments · 12mo
2
Active investors
3
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Investment portfolio

  • Klinic

    Participated · Series A · Jul 2026

    Founded in 2021 and based in Texas, Klinic provides a unified digital infrastructure for independent specialty providers, initially focused on behavioral health and now expanded into oncology, cardiology and rare diseases. Its platform aggregates tools for patient acquisition, intake, electronic health records, customer relationship management, care coordination and revenue-cycle support. Klinic also runs services that connect specialty pharmaceutical manufacturers with providers and patients to support access to complex therapies. The company positions itself as a healthcare equivalent of Shopify for specialists, aiming to reduce administrative burdens such as prior authorizations and workflow management. Klinic plans to use newly raised capital to expand the platform across multiple specialties, while facing the challenge of scaling and competing with established EHR vendors and healthcare software companies.

  • Cylerity

    Participated · Seed · Oct 2025

    Cylerity applies artificial intelligence and machine-learning models to analyze healthcare insurance claims, predict reimbursement amounts, and instantly advance capital to providers. By shortening the months-long payment cycle to less than a day, the platform eases providers’ cash-flow constraints and lets them focus on patient care rather than collections. Its technology incorporates real-time receivables valuation and anomaly detection to price risk and identify underpayments. The company monetizes by charging a fee on the funds it advances, positioning itself as a financial intermediary rather than a traditional lender. Customer testimonials highlight its role in stabilizing payroll and supply costs during the pandemic. With fresh funding, Cylerity intends to grow its engineering and data-science teams and broaden partnerships with provider networks nationwide. The business is currently backed by several healthcare-focused and regional venture firms and has secured a dedicated debt facility to scale transaction volumes.

  • MetAI

    Participated · Seed · Jan 2025

    MetAI builds AI-powered digital twins that convert CAD files into "SimReady" 3D environments in minutes, targeting use in robotics and industrial automation. The platform also generates synthetic data inside its AI-enabled digital twin environments to train and validate models. MetAI focuses on verticals including advanced semiconductor fabs, smart warehouses and automation, and claims faster creation times tailored for physical AI deployment. The two-year-old company has a handful of customers and is already generating revenue; it expects to bring in $3 million from a single project this year. Revenue comes from project-based income, product subscriptions, and licensing fees from ongoing developments. MetAI plans to expand its R&D team, accelerate go-to-market execution, establish a U.S. office, and relocate its headquarters in the second half of 2025.

  • Mobly

    Participated · Seed · Feb 2024

    Mobly provides a platform for brands to create, manage, and analyze event-driven campaigns at scale, focusing on smarter lead capture and streamlined workflows. The platform automates CRM enrichment and engagement, and claims to reduce the industry's average speed-to-lead from 11 days to just a few minutes. Its tools are designed to improve lead quality and conversion rates, delivering measurable results for marketing and sales teams. In 2024 Mobly achieved rapid growth, reporting a 5x increase in revenue and 4x user growth. The company was founded in 2023 by Zach Barney and Kris Jenkins and serves a rapidly growing customer base. Mobly plans to use new funding to accelerate product development, add features and integrations, and expand marketing and strategic partnerships. Mobly is a Lehi, Utah-based mobile-first software platform that captures qualified leads at in-person events and syncs them to CRM and marketing automation systems. Its event-agnostic Mobly app lets field teams search contacts by name or company or scan badges and business cards using AI-powered optical character recognition. The product targets field marketing, demand generation, sales, and revenue leaders to provide more accurate records, pipeline visibility, forecasting, and operational continuity. The company plans to use its latest funding to scale go-to-market operations, expand its engineering team, and accelerate development of new enterprise features and capabilities. Mobly is led by co-founder and CEO Zach Barney, co-founder and COO Kris Jenkins, and CTO Joe Turner. Financially, the company raised $2.5M in a Seed round and previously secured a $445K angel investment.

Team

  • Taft Price

    Co-Founder & General Partner

    LinkedIn
  • Carmelo Pistorio

    Managing Partner

  • Pierre Hennes

    Partner

    LinkedIn