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The Venture Codex

Vulpes

21 Merchant Road, #02-01, Royal Merukh S.E.A, Singapore, 058267

Overview

Vulpes Ventures is the venture capital group within vulpes Investment management Pte Ltd, an alternative investment manager.

Total investments
14
Lead investments
1
Investments · 12mo
1
Active investors
0
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Investment portfolio

  • ZUZU Hospitality

    Participated · Series B · Aug 2025

    ZUZU Hospitality offers a platform for revenue management and distribution that helps independent hotels compete with global chains. The company has developed an AI revenue management product called RevMate using a dataset from over 3,000 hotels across Southeast Asia and India. ZUZU says its existing hotel partners have seen an average 8x return on investment, and Wavemaker highlighted 30–40% growth in occupancy rates tied to the technology. The firm plans to use new capital to accelerate product development, expand data capabilities, and scale go-to-market efforts. ZUZU remains loss-making but reported revenue growth from $1.28 million in 2021 to $7.18 million in 2023, per DealStreetAsia’s DATA VANTAGE. The company cites McKinsey estimates that AI could generate over $400 billion in annual value across travel and hospitality, supporting its market opportunity. ZUZU Hospitality Solutions is a Singapore-based travel technology startup offering revenue platforms to help independent hotels maximize revenue. The company plans to invest in AI tools to enhance pricing, automate guest management, and improve partner experience. With the new funding it aims to double the number of hotel partners and reach 5,000 partners by the end of 2024, with particular emphasis on India. Management framed the raise as validation of investor confidence after the company sustained operations through the pandemic. The statement also cites a recovering Southeast Asian online travel market as a tailwind for growth. Zuzu combines software and hands-on services to help independently owned small hotels outsource bookings, marketing, revenue management and dynamic pricing while preserving each property's own brand. The team checks in with hotels every one to two days to revamp online marketing content, find new distribution channels and collect guest reviews through Zuzu’s site. Most hotels on the platform prefer a revenue-sharing payment model, aligning Zuzu’s incentives with its clients. The company claims hotels can see a 60% to 100% increase in online bookings after signing up. Since launching last July, Zuzu has signed more than 150 hotels across Taiwan, India and Thailand and plans to expand further in Asia. Financially, the startup has raised $2 million in a seed round plus angel investments, bringing total capital raised to $3 million.

  • Zetaris

    Participated · Equity · Jul 2024

    Zetaris offers an analytical data virtualization / AI Data Hub that leaves data in place and enables real-time querying, joining, and transformation across disparate sources while applying governance and access controls. Its core products include Zetaris Cloud (30-day free trial), Zetaris Air (self-managed deployment), Zetaris AI Data Hub, Zetaris Lightning Catalogue (open-source query federation), and the Zetaris Fluid Data Vault toolkit. The platform is positioned to power Generative AI by giving applications automated, governed access to enterprise data and to reduce time, cost, and complexity of data projects. Customers and partners cited include Telstra, NBN, Optus, Nokia, BUPA, Melbourne Water, Murdoch Children’s Research Institute, and alliances with IBM, Accenture, and Ernst & Young. Zetaris highlights use cases from healthcare and large telcos where queries that once took hours are reduced to seconds. The company is pursuing global expansion and plans to open offices in San Francisco, New York, Boston, Singapore, and London.

  • JigSpace

    Participated · Equity · Jul 2024

    JigSpace is a Melbourne augmented reality startup known for its demo app, which has been pre-installed on Apple Vision Pro and iPads worldwide. The company has been featured in four Apple keynotes, including the Vision Pro announcement and its launch. JigSpace secured $13 million in funding led by Breakthrough Victoria. The round also included participation from Aura Ventures, Anorak Ventures, follow-on investments from Rampersand, Investible and Vulpes Ventures, and angel investor Hugh Bickerstaff. This funding follows a $6 million Series A in 2021 and coincided with the Apple Vision Pro release in Australia. JigSpace provides a platform for individuals, professionals and teams to create interactive 3D presentations (“Jigs”) in minutes—positioned like Canva or PowerPoint for 3D. The product is used for product visualization, design, marketing, training and sales, and can deliver AR to any device without an app download. The company reports more than 5 million downloads/users and a 4.8-star rating, with Fortune 500 customers including PepsiCo and Panasonic. Over the past year JigSpace doubled its monthly active B2B users and more than 300,000 Jigs have been created across 83 countries. A recent partnership with the Alfa Romeo F1 team expanded from fan engagement into a sales asset that has helped close multi-million-dollar deals. With an AU$5.2m raise, the team plans global expansion and to ramp up its commercial organization following recent product development leaps. JigSpace enables anyone to build and view interactive 3D AR presentations called Jigs for education, repair guides, and product demonstrations. Launched in 2017, the app has grown to over 4 million users and holds a 4.8 average rating on the App Store. The company offers a free consumer app plus a paid Jig Pro platform for commercial customers; individual Jig Pro subscriptions are $49 per month while enterprise pricing is not listed. Jig Pro adoption has grown 40% month-over-month since its mid-2020 launch, with average users logging in at least once per day and enterprise customers including Verizon, Volkswagen, and Medtronic. JigSpace has been featured in Apple’s iPhone 12 keynote for lidar use and partnered with Snapchat on a Lens that surfaces 3D Jigs; the team aims to work with manufacturers to convert CAD files into instructional Jigs. The company emphasizes maintaining a free version to keep knowledge accessible while monetizing through its Pro offering. JigSpace is a platform for creating and sharing interactive 3D presentations. The company counts Apple, Medtronic and Hino Trucks USA among its users. It was founded about four years ago and is based in Melbourne. Usage of the platform has surged, with COVID-19 driving a 900% uptick in use. JigSpace raised US$1.4 million (A$1.96 million) in seed funding. Head of product Sam Granleese says the company makes software that enables anyone to share knowledge in 3D and that the technology is designed to be easy and accessible.

  • Oxford Endovascular

    Participated · Series A · May 2024

    Oxford Endovascular is a medtech spin-out from Oxford University led by CEO Mike Karim that is developing OxiFlow (OXIFLOW), a next-generation flow-diverter for intracranial aneurysms. The device is designed to divert blood flow away from aneurysms at risk of rupture, place more accurately and safely than existing devices, and conform better to blood vessels to make more patients treatable. The company’s technology aims to reduce the risk of complications associated with current treatments for brain haemorrhage. Oxford Endovascular plans to use new funding to advance OxiFlow toward a First‑In‑Human clinical study and to scale up operations. The company highlights the clinical need by noting aneurysms affect about 1 in 50 persons. The description and plans above are drawn from the company’s recent announcement of its Series A+ round. Oxford Endovascular is developing OxiFlow™, a micro stent that uses ‘Origami’ engineering to be inserted via minimally invasive groin access and positioned across the base of a brain aneurysm to cause it to shrink and heal. The company is led by CEO Mike Karim and is a spin‑out from Oxford University. It raised $10m in a Series A to complete development work and to obtain first‑in‑human data through an early feasibility clinical study. The funds also aim to prepare the company for a subsequent larger fundraise to support FDA and CE Mark clinical trials. Oxford Endovascular plans to use those future trials to enter various international markets the article says are valued at over $1 billion. The company’s immediate focus is finishing development and generating initial clinical evidence to enable regulatory and commercial expansion.

  • Cyabra

    Participated · Series A · Jan 2024

    Cyabra provides a counter-disinformation platform built on proprietary AI to expose malicious actors, disinformation campaigns, bot networks and GenAI text and images. The platform delivers actionable insights for organizations and public-sector customers to counter election interference, brand-reputation attacks and impersonations. Cyabra has been hired for high-profile work, including assessing spam and fake accounts on Twitter and uncovering coordinated pro-Hamas activity online. The company reports 20x revenue growth over the past two years. Cyabra was founded in 2018 by CEO Dan Brahmy, COO Yossef Daar and CTO Ido Shraga and aims to serve as a filtering mechanism for online conversations used by enterprises and governments. Cyabra offers a SaaS platform that measures authenticity and impact within online conversations, detects false information and its authors, and analyzes proliferation to connect the dots. Its technology uses an AI lens and gathers data from tens of thousands of sources to train machine learning models and reach accuracy. The company’s Snowball Effect Analysis (proliferation modules) helps customers understand narrative velocity, how time shapes narratives, and which influential authors drive proliferation. Cyabra has an autonomous client notification system that lets users customize alerts around changes in authenticity and proliferation shifts in real time. It serves customers across industries including financial services, consumer brands, advertising agencies and public organizations, with clients such as the U.S. State Department, global agency TBWA and several large financial institutions. Cyabra reported 400% revenue growth in 2020 and plans to expand its global footprint in the U.S. and Asia, bolster R&D and add marketing, sales and other staff.

Team

No current team members are available.