
Vulcan leads $10.5m Series A for Singapore's Amili

Vulcan Capital, an investment vehicle established by Microsoft co-founder Paul Allen, has led a USD 10.5m Series A round for Singapore-based microbe analytics start-up Amili.
Pruksa Group, TVM Capital Healthcare, Emtek Group, Capital Code, Seeds Capital, Pureland Group, Blue7, and GK Goh also participated. The company said the roster was chosen for its expertise across biotechnology, healthcare, and food technology.
Amili describes itself as the largest precision gut microbiome company in Southeast Asia. Its core operations include the development of diagnostics tests, predictive algorithms and microbiome-modifying interventions. It is also establishing a multi-ethnic Asia-centric microbiome repository of data and samples, including Southeast Asia’s only microbiome bank.
The company has initiated more than 20 research studies since its inception in 2014. These focus on a range of healthcare topics, including faecal microbiota transplants, an area where Amili claims to be the only collection, analysis, and processing provider in Southeast Asia. It also owns Bio & Me, a direct-to-consumer (D2C) precision gut health brand that is planning a regional rollout.
“Although gut health research has advanced steadily over the years in other regions, there is still a big gap in research that is representative of the Asian population. We are excited to journey with Amili as it advances microbiome research and positively impacts millions of lives,” Tommy Teo, a managing director of Vulcan, said in a statement.
Teo, a former executive director at Northstar Group, set up Vulcan’s Asia headquarters in Singapore in 2019. The firm invests as a family office with an evergreen pool of capital and a single LP, Vulcan Inc. The Asia program was initially established with USD 100m and a remit to write cheques of USD 1m to USD 10m.
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.