Investigative VC, a Singapore-based venture capital firm, has unveiled a new global fund series that targets over $500 million across three vintages, according to an announcement.
The new fund series—Fund 2—focuses on high-growth startups with defensible network effects. It will span 2025, 2027, and 2029, building on the success of its inaugural fund that posted a 28% net IRR, per the announcement.
The first vintage, Investigate Fund 2 (I), is targeting a $150-million close to invest in early-stage companies across Asia, Europe, and North America. Singapore remains a key innovation hub for the firm’s operations and portfolio support, the firm said.
“Network effects aren’t a feature—they’re the engine. They define the companies that reshape industries. Investigate VC is built to find these founders early and help them scale into global leaders,” said Mikael Krogh, founder and partner at Investigative VC.
Central to Investigate VC’s thesis is identifying high-growth companies whose user activity, data, and engagement create self-reinforcing growth loops—the foundation of 70% of today’s top tech firms.
The firm said it screens over 1,000 startups annually using proprietary deal sourcing and filters this into a pipeline of over 300 pre-qualified investment opportunities from seed to Series B.
Investigative VC will use its proprietary AI engine to identify inflection points early and scale startup performance beyond traditional VC models, according to the announcement.
“Investigate VC bridges the long-standing gap between early-stage innovation and institutional capital, giving investors a meaningful way to access scalable, resilient, high-performing startups,” said Michael Pomerleau, co-founder and partner, Investigate VC.
The launch of the fund series comes as venture capital funding in Southeast Asia continued to lag in the first quarter of 2025, with deal momentum hitting new historic lows and reinforcing the view that the market remains in prolonged recalibration.
DealStreetAsia DATA VANTAGE’s latest report Southeast Asia Deal Review: Q1 2025 shows venture-backed companies in the region secured 113 deals in the March quarter, raising a total of $555 million, a sharp 43% decline in deal count and a 46% drop in capital raised compared to the same period in 2024. The slowdown was further underscored by a 50% quarter-on-quarter fall in proceeds.
