Vulpes Ventures

WHO WE ARE

Vulpes Ventures is the venture capital group of Singapore-based Vulpes, once the largest Asia-based hedge fund. It takes a flexible and unencumbered approach to venture investment and seeks to empower entrepreneurs to reach their full potential. It invests in early-stage tech startups across Southeast Asia, Australia, and New Zealand and has been one of the most active investors in the region since June 2020. It focuses on having a diversified portfolio across stages and sectors and has funded over 35+ innovative companies. The portfolio includes some notable startups such as Chope, CloudEats, Flash Coffee, Loship, Sharesies, and Propseller. Vulpes Ventures has invested in venture capital since 2008, backing 3 unicorns at or Series A. It has 8 exits to date, with a notable exit from its seed investment into Property Guru in March 2022, when the company went public via SPAC on the NYSE.

100,000,000

TARGET SIZE OF FUNDS

Sector

B2B, Business Intelligence, Blockchain, E-commerce/ Consumer Internet, Education, Enterprise Tech, FemTech, Fintech, Healthcare, AI/ML

Stage

Seed, Series A, Series B, Growth

Region

Asia, Oceania

Countries

Singapore, Malaysia, Vietnam, Thailand, Australia

Founder(s)

Field Pickering, Head of Venture Investing

Field Pickering heads venture capital and impact investing at Vulpes, in addition to his role as the COO and General Counsel. Vulpes is actively investing early stage seed capital across South East Asia, and manages the only dedicated venture fund for the Country of Myanmar (Burma). Vulpes is also the fund management partner for Patamar, which is the largest impact investor in South East Asia. Field has been in Singapore since 2011, working for investment groups, including two stints as the general counsel for portfolio companies. Field began his career working on a Wall Street sales desk before getting his law degree and working as an M&A associate for an international law firm. He has a degree in History from the University of Colorado-Boulder and a J.D. from the University of San Francisco School of Law.

Stephen Diggle, Founder & CEO

Stephen Diggle has been working in finance since 1986 After 15 years working at international Investment Banks in London, Sydney and Hong Kong he was one of two founders of Artradis Fund Management, a Singapore based hedge fund company which launched in 2002 with US$4m and peaked at nearly US$5bn late in 2008. Artradis was multi-award winning and for some time the largest and most successful hedge fund in Asia making US$2.7bn for investors between 2002 and 2009, especially during the financial crisis of 2008 when it was most successful. The hedge fund closed in March 2010 returning cash in full to all investors and being one of the few multi $bn hedge funds never to have gated investors capital. Following this, he founded Vulpes Investment Management, a family office backed investment manager that runs a diverse portfolio of assets, including significant investments in U.K.-based biotechnology companies, where he acts as one of the two portfolio managers. Vulpes has been an early investor in companies such as Scancell and Oxford Biomedica, providing capital at critical times to keep the companies afloat. With a decade of experience investing in this sector, he is more passionate than ever about finding undervalued biotech firms and helping them grow. Stephen holds a Master’s degree from the University of Oxford in Philosophy, Politics, and Economics

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TBDF Ventures LLC (TBDFV), the organizer of Beyond The Billion (BTB), is a company serving the global consortium of investors pledged to invest beyond $1bn collectively into women-founded technology companies and funds and firms that invest in them. BTB builds on the success of The Billion Dollar Fund for Women, the initial campaign co-founded by our founders. BTB is not a venture fund, an investment bank, a broker-dealer, investment clearinghouse, or an investment adviser, but rather a forum in which investors may be educated on aspects of investment and business, as well as introduced to companies for possible investment, in particular, those led by women. Each investor and allocator pledged to BTB’s mission is responsible for his or her own investment decisions, and neither TBDFV nor BTB recommends companies or financial products for investment. Participating funds may be highlighted to various institutional and other investors and managers, with the aim of catalyzing capital towards women-founded companies; but are not guaranteed allocations from any specific fund. The Founders of TBDFV and BTB may hold interests directly or indirectly in featured funds and associated companies. Information is obtained from participant funds, believed to be reliable, but is in no way guaranteed by TBDFV or BTB. No guarantee of any kind is implied or possible where projections of future conditions are attempted.