Singapore, Singapore, April 21st, 2025, FinanceWire
In a groundbreaking development, Venturebeam, a global network of professional investors, venture capital firms, and family offices, has successfully orchestrated a US$7.3 million funding round for viAct, a Hong Kong-based AI company with a sustainability focus. Surpassing viAct’s initial target of US$6 million, this funding round was spearheaded by VentureWave Capital, with investments from Singtel Innov8, Korea Investment Partners, and PolyU Entrepreneurship Investment Fund. This achievement marks Venturebeam’s debut investment deal in Asia since its establishment in Singapore in March 2024.
viAct, established in 2016, has constructed a comprehensive ecosystem of AI-powered technologies. Their innovative offerings, including “Scenario-based Vision Intelligence,” AIoT, and edge-generative AI solutions, are designed to enhance safety and productivity in heavy industries. Recognized by the World Economic Forum as Technology Pioneers in 2023, viAct stands out as a responsible AI startup catalyzing transformative impact by revolutionizing safety, operational excellence, and sustainable innovation in high-risk workplaces such as construction, oil and gas, manufacturing, facility management, and mining sectors. The recent funding injection will propel viAct’s expansion into regions like the Middle East and North Africa (MENA) & Europe, further driving their mission to revolutionize industries with technology that fosters safer, more adaptive, and eco-conscious workplaces.
Diana Kam, Chief Executive Officer, Asia Pacific at Venturebeam, expressed her enthusiasm about the successful fundraising, emphasizing the company’s commitment to curating financially robust, high-growth ventures that deliver both scale and tangible impact across various regions. Kam highlighted the significance of mobilizing a global network of investors to propel transformative movements, where impact and investment returns harmoniously intersect.
Gary Ng, Chief Executive Officer and Co-Founder of viAct, underscored the importance of aligning with partners who share the company’s vision. He credited Venturebeam for connecting viAct with forward-thinking investors and enhancing their credibility through a digitalized platform that streamlines the deal diligence process. Ng emphasized the A+ Impact Scoring awarded to viAct by Venturebeam, reinforcing the company’s reputation and instilling confidence in global investors to support their mission of transforming workplace safety.
Linda Liu, Vice President at VentureWave Capital, commended viAct for exemplifying how high-impact, scalable companies are emerging from the global startup landscape. She emphasized VentureWave Capital’s commitment to supporting visionary founders leveraging technology to drive meaningful impact, particularly in sustainability and workplace safety. Liu highlighted the strategic collaboration facilitated by Venturebeam, enabling startups like viAct to accelerate growth across key markets.
Edgar Hardless, Chief Executive Officer of Singtel Innov8, expressed his delight in collaborating with Venturebeam on the viAct transaction, signaling future engagements with the company. Synclare Kim, Head of Korea Investment Partners Southeast Asia, echoed similar sentiments, emphasizing viAct’s potential for substantial growth and innovation in transforming work environments globally.
The landmark deal, coinciding with Venturebeam’s first anniversary in Asia, reaffirms the company’s dedication to fostering global impact through capital, technology, and innovation. Headquartered in London, Venturebeam’s foray into Asia has been marked by a commitment to nurturing emerging ecosystems in Southeast Asia, such as Singapore, Indonesia, Vietnam, and the Philippines. By serving as a central hub for investors to connect, collaborate, and drive impactful investments, Venturebeam is at the forefront of advancing impact investing as a leading sector for asset allocation globally and across the Asia-Pacific region.
Venturebeam’s recent initiatives, including the launch of the Venture Impact Score tool and a partnership with Google Startups for Sustainable Development (SFSD), underscore the company’s mission to empower startups driving meaningful change towards global sustainable development. With a track record of facilitating transformative funding rounds for companies like viAct and XOCEAN, Venturebeam continues to shape the future of venture investment, bridging the gap between investors and visionary entrepreneurs committed to advancing impactful innovations. The collaboration between the Google SFSD program and Venturebeam offers an exciting opportunity for companies to tap into Venturebeam’s resources for capital raising and access to a broad network of investors. Additionally, the Venture Impact Score provided by Venturebeam will assist these companies in evaluating and enhancing their impact on society.
Venturebeam has made significant strides in impact investing since its inception in Asia, establishing a strong presence and influence within a network comprising over 200 venture capital firms, family offices, and professional investors. At the recent Singapore Week of Innovation and Technology (SWITCH) 2024, Venturebeam organized an exclusive roundtable dinner focused on the transformative potential of AI technology in the Asia-Pacific region and globally. The event brought together industry leaders, founders, and prominent investors in AI to explore the current opportunities, challenges, and emerging trends in this dynamic field.
Recognized for its commitment to impact and sustainability, Venturebeam was honored at the European Chamber of Commerce Singapore (EuroCham) Sustainability Awards 2024. The company received the prestigious ‘SME Rising Star in Sustainability’ award, presented by Singapore’s Deputy Prime Minister Heng Swee Keat.
Venturebeam, a global investment platform with a substantial investor network boasting over US$10 billion in assets under management, supports impact-driven entrepreneurs who are shaping the future of our planet.
For more details, please visit Venturebeam’s website at https://www.venturebeam.com/.
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