Temasek

Sovereign wealth fund

Singapore-based sovereign wealth fund investing $50M–$1B in growth-stage technology and healthcare companies globally.

At a glance

Temasek appears in 9 funding rounds tracked by ValueAddVC since 2025, leading 4. Its most frequent sectors in these rounds are AI & Infrastructure and Semiconductors & Hardware, and its most recent tracked deal was Souffle Therapeutics' $135M Series B round (Oct 13, 2026). It co-invests most often with AMD Ventures, New Enterprise Associates (NEA) and Nvidia.

Strategy

Stages
Growth
Sectors
TechnologyHealthcare
Geographies
AsiaSingapore
Check size
$50M-$1B

Recent changes

  1. Oct 13, 2026Invested in Souffle Therapeutics (Series B, $135M) FinancialContent
  2. Oct 6, 2026Invested in Vinci (Series B, $250M) Financial Content
  3. Sep 7, 2026Invested in Pixxel (Series C, $100M) Tech Startups
  4. Aug 17, 2026Invested in River (Seed, $1.1B) TechCrunch
  5. Jul 20, 2026Follow-on: Invested in CuspAI (Series B, $450M) CNBC
Earlier changes (4)
  1. Jun 22, 2026Invested in Upscale AI (Series A-1 (extension), $190M) Fortune
  2. Jun 9, 2026Invested in PhysicsX (Series C, $300M) TechStartups
  3. Nov 12, 2025Invested in d-Matrix (Series C, $275M) Data Center Dynamics
  4. Sep 10, 2025Invested in CuspAI (Series A, $100M) SiliconANGLE

Portfolio

10 total

Recent Investment Activity

9

Track record: led 4 and participated in 5 of 9 tracked venture rounds · 8 in the last 12 months · led 3 Series C, 1 Series B

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 13, 2026Souffle TherapeuticsSeries BParticipated$135M—
Fidelity InvestmentsunverifiedARCH Venture PartnersunverifiedBessemer Venture PartnersunverifiedJanus Henderson InvestorsunverifiedLeaps by BayerunverifiedPolaris PartnersunverifiedTemasekunverifiedVida VenturesunverifiedJuvia GroupTCG Crossover ManagementBB BiotechBalyasny Asset Management+5 more
FinancialContent
Oct 6, 2026VinciSeries BLed$250M$1.5B
Advent InternationalLeadunverifiedTemasekLeadunverifiedXoraLeadunverifiedAMD VenturesunverifiedEclipse VenturesunverifiedKhosla VenturesunverifiedMadrona Venturesunverified
Financial Content
Sep 7, 2026PixxelSeries CLed$100M—
TemasekLeadSeraphim CapitalLead360 ONE AssetRadical VenturesM&G Catalyst FundunverifiedIMM InvestmentgrowX ventures
Pulse story
Aug 17, 2026RiverSeedParticipated$1.1B—
General CatalystLeadunverifiedNvidiaunverifiedAMD VenturesunverifiedY CombinatorunverifiedTemasekunverifiedAMP PBC
TechCrunch
Jul 20, 2026CuspAISeries BParticipated$450M$2.6B
Kleiner PerkinsLeadunverifiedNew Enterprise Associates (NEA)LeadunverifiedBezos ExpeditionsunverifiedGlade Brook CapitalunverifiedLux CapitalunverifiedAMD VenturesunverifiedTemasekunverifiedUK Sovereign AI Venture Fund
CNBC
Jun 22, 2026Upscale AISeries A-1 (extension)Participated$190M$2BFortune
Jun 9, 2026PhysicsXSeries CLed$300M—TechStartups
Nov 12, 2025d-MatrixSeries CLed$275M$2B
Bullhound CapitalLeadunverifiedTriatomic CapitalLeadunverifiedTemasekLeadunverifiedPlayground GlobalunverifiedMicrosoftunverifiedQatar Investment Authorityunverified
Data Center Dynamics
Sep 10, 2025CuspAISeries AParticipated$100M—
New Enterprise Associates (NEA)unverifiedTemasekunverifiedNVenturesunverifiedSamsung VenturesHyundai Motor Group
SiliconANGLE

Sector / Stage Activity

By sector (portfolio)
AI infra
2 · 20%
Semiconductors
2 · 20%
Fintech
1 · 10%
Energy
1 · 10%
Space
1 · 10%
EV/Mobility
1 · 10%
Biotech
1 · 10%
By stage (tracked rounds)
Series B
3 · 33%
Series C
3 · 33%
Seed
1 · 11%
Series A-1 (extension)
1 · 11%
Series A
1 · 11%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Latest Pulse

  1. Zhongji Innolight Slides on Its $6.8B Hong Kong DebutZhongji Innolight, the world's top optical-interconnect supplier, raised $6.8 billion in Hong Kong's biggest listing in seven years, but shares fell as much as 5% on debut as the global AI-stock selloff overshadowed the offering.→
  2. Temasek Plans to Nearly Triple AI Exposure by 2031Singapore's sovereign wealth fund Temasek plans to raise AI-related portfolio exposure from roughly 6% to 15% by 2031, arguing the real value capture comes from the rest of the economy adopting AI.→
  3. PhysicsX Raises $300M for AI Engineering SimulationTemasek led $300M into a company that compresses days-long industrial simulations into seconds using AI. Aerospace, automotive, and energy companies will pay enterprise prices for 1000x faster iteration cycles.→

Temasek FAQ

What companies has Temasek invested in?

Temasek's portfolio includes Souffle Therapeutics, d-Matrix, Vinci, Pixxel, River, CuspAI, and 4 more tracked companies.

Who does Temasek co-invest with most?

In the rounds Value Add tracks, Temasek most often invests alongside AMD Ventures (3 shared deals), Nvidia (3 shared deals), Glade Brook Capital (2 shared deals), Advent International (1 shared deal), Alibaba (1 shared deal).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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