Antares Ventures, a Singapore-based deep-tech venture capital firm, has secured more than $50 million in commitments for its first fund at a second close, an interim closing at which additional investors join.
In a statement on Wednesday, Antares Ventures said along with the latest fund raising, it targets a final fund size of $100 million.
The second close follows an initial close earlier this year. The new commitments come from family offices and corporate and strategic investors from Southeast Asia, Japan, and Korea.
Fund I has invested about $27 million across nine science- and engineering-led companies. They include VFlowTech, a Singapore developer of long-duration energy storage; IONATE, a UK developer of hybrid intelligent transformer technology; enaDyne, a German developer of plasma-based industrial technologies; and The ePlane Company, an Indian developer of electric aircraft for urban transport.
The fund’s other investments are Ayrton Energy, FeX Energy, Ackcio, Open Ocean Robotics, and Hydroleap. Together they span grid optimization, storage, hydrogen transport, industrial heat, water treatment, infrastructure monitoring, autonomous ocean monitoring, and advanced mobility.
Antares invests in early-stage companies from seed to Series B across four sectors of energy; compute and digital infrastructure; industry; and urban and transport infrastructure.
Michael Gryseels, the firm’s founder and managing partner, said Asia is investing heavily in infrastructure but that capital alone does not resolve the performance limits within those systems.
The firm invests globally in technologies that address those limits, then works with founders and industrial partners to bring them into commercial use across Asia, the executive added.
Louis Murayama, a partner at the firm, said commercializing deep technology in Asia is an execution challenge that depends on experience and on relationships with senior advisers and industry operators.
Milena Nikolova, a partner, said energy security, AI infrastructure and industrial competitiveness are increasingly part of the same investment story. She said the firm focuses on technologies that can create lasting economic value.
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