# Xora Innovation Xora Innovation is an Asset Manager based in Singapore, Singapore. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Singapore, Singapore - **Region:** Asia - **Address:** 1 Fusionopolis Way, Singapore - **Founded:** 2019 - **Assets under management:** Undisclosed - **Website:** www.xora.vc - **LinkedIn:** https://www.linkedin.com/company/xora-innovation ## Regulatory record - **Reports private funds:** No ## About Xora Innovation launched in 2019 as a wholly owned subsidiary of Temasek Holdings, designed to capture early-stage breakthroughs in science and technology. Donna See led the firm as founding CEO through 2023, establishing the investment posture before transitioning board roles across portfolio companies; Alan Thompson now serves as CEO alongside Managing Partner and CIO Phil Inagaki, who oversees investment strategy from Singapore. The parentage matters: Temasek's permanent-capital structure removes the fundraising clock that shapes most venture partnerships. Xora leads or co-leads Seed and Series A rounds, concentrating on hard-science ventures where the path to product requires lab validation, regulatory clearance, or novel manufacturing. The firm has pursued deals across quantum computing, advanced materials, synthetic biology, and fusion energy — asset classes where thesis conviction and multi-year hold periods dominate. In 2023, Xora co-anchored a S$75 million deep-tech commercialization pilot with the National University of Singapore and Nanyang Technological University (per Altss research), flagging a deliberate pipeline strategy: convert university-originated IP into fundable companies at the pre-Series A stage. Direct investments often place Xora alongside US-based specialist funds, with deal teams operating out of both Singapore and a San Francisco office at 101 Mission Street. Team size is not publicly disclosed. The San Francisco presence provides proximity to Bay Area founder networks and co-investor syndicates, while the Singapore headquarters maintains direct access to Temasek's balance sheet and Asia-Pacific institutional relationships. The firm holds full membership in the Singapore Venture & Private Capital Association (SVCA), reinforcing a dual-regulator posture across Singapore and US deal jurisdictions. Xora's structure sidesteps a constraint common to independent deep-tech funds: limited partner redemption pressure. Because Temasek supplies the capital without a fixed fund life, Xora can hold positions through scientific inflection points that outlast a standard 10-year fund. This architecture resembles other sovereign-backed venture platforms — Mubadala Ventures, for instance — but Xora's narrower aperture on Seed and Series A hard-tech differentiates it from the growth-stage mandate typical of state-linked investors. ## Sectors - Deep Tech - AI/ML - Robotics & Automation - ClimateTech - Enterprise Software - SpaceTech - Energy Transition & Renewables - Industrial Tech ## Offices - San Francisco, CA, United States ## People - Phil Inagaki — Managing Partner / CIO - Alan Thompson — CEO - Donna See — Founding CEO (2019-2023) ## Questions ### Who runs investment decisions at Xora Innovation? Phil Inagaki is Managing Partner and Chief Investment Officer, overseeing investment strategy and portfolio management. Alan Thompson serves as CEO, handling firm operations. Founding CEO Donna See ran Xora from 2019 through 2023 and remains on portfolio company boards. Investment authority sits with Inagaki's team, not a distant Temasek committee. ### What stages and check sizes does Xora target? Xora leads or co-leads Seed and Series A rounds in the science and technology ecosystem. No published check-size range is available, but the Seed-to-Series-A focus and Temasek balance sheet suggest capacity for first-institutional rounds up to typical Series A sizes in deep tech — often $5M to $20M depending on sector and syndicate structure. ### How is Xora related to Temasek, and does it invest Temasek's broader capital? Xora is a wholly owned subsidiary of Temasek Holdings, created specifically as an early-stage investment platform. It is not Temasek's sole venture activity — Temasek also invests in growth-stage and later-stage companies directly and through other vehicles. Xora's mandate is confined to early-stage deep tech, operating with decision-making autonomy under its own investment team. ### How does Xora source proprietary deal flow? The firm operates a S$75 million deep-tech commercialization pilot in partnership with the National University of Singapore and Nanyang Technological University, designed to spin out ventures from university research labs. Additionally, the San Francisco office on Mission Street places deal teams in proximity to Bay Area founders, accelerator graduates, and specialist deep-tech syndicates. Temasek's institutional relationships in Asia provide a secondary sourcing channel. ### Which sectors does Xora explicitly avoid? No public exclusion list exists. However, Xora's stated focus on science and technology ecosystems and its portfolio pattern suggest the firm avoids consumer internet, enterprise SaaS without hard-tech IP, and business models built solely on marketplace or advertising economics. The emphasis is on ventures requiring defensible scientific moats — quantum, advanced materials, synthetic biology, and industrial automation. ## Related profiles - [Xoogler Ventures](https://altss.com/profile/xoogler-ventures) - [XO Ventures](https://altss.com/profile/xo-ventures) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/xora-innovation Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology