Tin Men Capital

Tin Men Capital is a Singapore-based venture capital firm that exclusively focuses on Series A B2B technology startups across Southeast Asia. The firm is dedicated to identifying and backing companies that are re-inventing and digitizing traditional industries, seeing significant untapped potential in this underserved sector. They aim to provide venture-style returns with a focus on sustainable growth for entrepreneurs, emphasizing positive unit economics, high capital efficiency, and recurring cash flow in their portfolio companies.

Founded in 2018 by Murli Ravi and Jeremy Tan, Tin Men Capital's investment thesis originated in 2016, driven by the observation that the B2B sector in Southeast Asia lacked the substantial backing enjoyed by B2C startups. The founders leveraged their own capital to test this thesis, successfully increasing startup valuations by 3-4X. The firm operates with core values of fairness and integrity, striving for equitable returns for all stakeholders, and actively promotes diversity within the VC industry, with over 50% female staff.

Tin Men Capital's portfolio showcases a diverse range of B2B tech companies that are transforming various legacy industries. Notable investments include Ailytics and Hubble, which enhance operational safety and productivity in the construction sector; Globaltix, focused on reinventing ticketing experiences; Ai Palette and Groundup.ai, providing AI solutions for different applications; Glife, addressing technology in the food supply chain; Graas, developing AI agents for workflow automation; HugoHub, a modular Banking-as-a-Service (BaaS) platform; Zipline, offering compliance software for healthcare; and IVS, enhancing content distribution for publishers.

The firm's team, led by co-founders Murli Ravi and Jeremy Tan, brings decades of investment experience and operates with a hands-on approach. Beyond capital, Tin Men Capital provides strategic referrals, operational advisory, and founder support, including assistance with syndicating future fundraising rounds. Their advisors and team members specialize in various fields, contributing to a community of B2B believers that includes entrepreneurs, investors, technologists, marketers, operators, and policymakers, all committed to fostering the B2B tech ecosystem in Southeast Asia.