What TRIREC does

TRIREC is a Singapore-headquartered global investment management firm (legal entity: TRIREC Fund Management Pte. Ltd.) that operates a multi-vintage venture capital platform focused on decarbonization. Founded around 2015, the firm invests globally in early-stage (pre-Series A and Series A) companies across five decarbonization-enabling sectors: electricity and power generation, mobility, industries, buildings, and food and agriculture. As of 2026 the firm reports 25 portfolio companies across four pools of capital and 3 unicorn outcomes, with named exits including Sunseap, Gazelle, and Xnergy from Fund I.

The platform is delivered through three sequential fund vintages: Fund I – Climate-Tech 1.0 (2015, foundational solar/storage/mobility in the U.S. and Southeast Asia), Fund II – Climate-Tech 1.5 (2022, infrastructure-scale green hydrogen and carbon markets, structured as TRIREC Venture II Investors LP into TRIREC Venture II VCC Master Fund), and Fund III – Climate-Tech 2.0 (2025, advanced materials, next-generation energy, CCUS, and AI-enabled technologies for Asia-wide deployment). Fund II carries SFDR Article 8 designation, with 100% of net assets aligned to environmental/social characteristics governed by a formal Sustainability Risk Policy, exclusion list, and quantitative climate-solution KPIs. Alongside the core venture platform, TRIREC co-deploys capital through the Accelerate7 partnership with Lightrock for Southeast Asia energy-access investments (co-leading, for example, Stride's $15M Series B in 2026).

TRIREC earns revenue through traditional venture fund economics — management fees on committed/deployed AUM and long-term carried interest allocated to deal teams and personnel. Limited partners are family offices and corporates engaged on a direct, high-touch basis rather than through self-serve channels. The firm sources deals through proprietary founder/investor networks and positions its Singapore base as an East-West bridge, with a senior investment team of fewer than 12 employees led by Managing Partner Melvyn Yeo.

Name

TRIREC

Legal name

TRIREC Fund Management Pte. Ltd.

Website

https://trirec.co

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

TRIREC is a Singapore-headquartered global venture capital firm managing multi-vintage decarbonization funds that invest in early-stage Energy, Mobility, Industries, Buildings, and Food & Agriculture companies, with 25 portfolio companies and 3 unicorns across four pools of capital.

Ownership category

akta.pro rank

Product category

Venture Capital / Climate-Tech Asset Management

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Climate / Clean Tech & Decarbonization Funds (FSANAJAA)

akta.pro secondary industries

Renewable Energy & Energy Transition Funds (FSANAJAB), Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD), SDG / Thematic Sustainable Investment Funds (FSANAJAN)

Keywords

• Venture capital funds
• Decarbonization investments
• Climate tech investing
• Asset management services
• Early stage equity

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Asset management fees & carry: As an asset manager, TRIREC earns management fees on committed/deployed AUM across its venture funds (Fund I, II, III) plus long-term profit-sharing carried interest allocated to deal teams and firm personnel based on seniority, function, and seniority weighting. Remuneration packages consist of fixed salary, performance bonus, and long-term carry participation.
2. Fund management (venture capital investment returns): Returns from equity, preference shares, convertible bonds, warrants, or hybrid debt/equity instruments held in early-stage (pre-Series A and Series A) decarbonization-enabling companies across five sectors: electricity & power generation, industries, mobility, buildings, and food & agriculture.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

TRIREC Fund Management Pte. Ltd. (TFM) manages venture capital funds that invest equity, preference shares, convertible bonds, warrants, and hybrid debt/equity instruments in early-stage (pre-Series A and Series A) decarbonization-enabling companies across five sectors: electricity & power generation, industries, mobility, buildings, and food & agriculture. The platform is delivered through three sequential fund vintages (Fund I – Climate-Tech 1.0, 2015; Fund II – Climate-Tech 1.5, 2022; Fund III – Climate-Tech 2.0, 2025) and the Accelerate7 co-investment partnership with Lightrock for Southeast Asia energy access.

Product overview

TRIREC operates a platform-plus-funds architecture: TRIREC Fund Management Pte. Ltd (TFM) is the underlying Singapore-headquartered asset management entity that runs a multi-vintage venture capital platform branded TRIREC Venture. The platform sits across four decarbonization verticals — Energy, Buildings, Mobility, and Industries (with Food & Agriculture added for SFDR purposes) — and is delivered through three sequential fund vintages: Fund I – Climate-Tech 1.0 (2015), Fund II – Climate-Tech 1.5 (2022), and Fund III – Climate-Tech 2.0 (2025). Alongside the core venture platform, TRIREC co-deploys capital via the Accelerate7 partnership with Lightrock to back growth-stage energy access businesses in Southeast Asia. TRIREC's 25 portfolio companies span the same four verticals and include brands such as Ample, FreeWire, Oyika, Pyka, Type One Energy, Green Li-ion, Oort Energy, and Xpansiv.

Differentiator

Problem solved

Functional benefit

Brands

• TRIREC Venture: Investment arm of TRIREC focused on decarbonisation across Energy, Buildings, Mobility, Industries (and Food & Agriculture per SFDR) sectors via its three venture funds.
• Accelerate7

Products and services

• TRIREC Venture (Fund I – Climate-Tech 1.0) First fund vintage of the TRIREC Venture platform, investing in pre-Series A and Series A decarbonization companies in solar, storage, and mobility across the U.S. and Southeast Asia for family-office and corporate LPs.
• TRIREC Venture (Fund II – Climate-Tech 1.5) Second fund vintage of the TRIREC Venture platform, structured as TRIREC Venture II Investors LP feeding into the TRIREC Venture II VCC Master Fund, investing in infrastructure-scale decarbonization solutions such as green hydrogen and carbon markets, with SFDR Article 8 designation.
• TRIREC Venture (Fund III – Climate-Tech 2.0) Third fund vintage of the TRIREC Venture platform, investing in advanced materials, next-generation energy, CCUS, and AI-enabled technologies to accelerate scalable regional resilience and industrial transformation across Asia for family-office and corporate LPs.
• Accelerate7 (Southeast Asia co-investment platform) Co-investment platform operated in partnership with Lightrock to back growth-stage companies advancing energy access across Southeast Asia, deployed under a broader $500M global fund targeting UN SDG 7, with typical investment sizes of $10–50M.

Quantifiable outcome

• 25 portfolio companies built across four pools of capital; 3 of them reached unicorn status
• +3 more outcomes

Named customers25 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• LightrockflagshipStrategic or Co-development Partner · 15 May 2026TRIREC partners with Lightrock for Southeast Asia deployment of the $500M Accelerate7 fund dedicated to UN SDG 7 (energy access) across Sub-Saharan Africa, South Asia, and Southeast Asia. Through Accelerate7, TRIREC co-led Stride's $15M Series B and participates as a regional deployment partner; Lightrock is London-headquartered and the fund's typical investment size is $10–50M.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Lightrock: London-headquartered impact investor that runs the $500M Accelerate7 fund; TRIREC is Lightrock's regional deployment partner for Southeast Asia. Lightrock is a direct peer in the climate/impact venture space and shares deal flow, LP relationships, and ESG discipline with TRIREC.
• Breakthrough Energy Ventures: Bill Gates-backed multi-stage climate-tech venture fund investing across electricity, transportation, buildings, manufacturing, and agriculture. Directly comparable as a global climate-tech VC with multi-vintage platform and similar sector coverage to TRIREC's decarbonization verticals.
• 2150 (formerly byFounders): Copenhagen-based venture fund focused on urban climate-tech and sustainable infrastructure, with a fund-of-funds vehicle. Comparable to TRIREC as a multi-vintage, sector-specialist climate VC, though focused on European urban infrastructure rather than Asian industrial transformation.
• Prelude Ventures: San Francisco-based seed/early-stage venture fund exclusively focused on climate-tech, with portfolios spanning energy, mobility, industry, and food/ag. Highly comparable to TRIREC in stage focus, sector coverage, and SFDR-equivalent ESG discipline.
• Clean Energy Ventures: Boston-based early-stage venture firm investing in climate-tech, with a multi-fund platform and focus on decarbonization across power, mobility, buildings, and industry. Comparable to TRIREC as a specialist climate VC with a sequenced fund strategy.

Regional players

• Wavemaker Partners: Los Angeles/Singapore-headquartered early-stage venture firm with a dedicated climate-tech strategy and active Southeast Asia presence. Comparable to TRIREC as a regional climate/impact investor operating across US and SE Asia, with overlapping portfolio themes in energy and mobility.
• Openspace Ventures: Singapore-headquartered Southeast Asia venture firm investing across consumer, fintech, and emerging climate/industrial tech. Comparable to TRIREC as a Singapore-based, multi-fund platform with a regional Southeast Asia focus, though broader than pure-play climate.
• Kibo Ventures: Spain-based deep-tech/clean-tech venture fund with an active climate portfolio including battery storage, hydrogen, and circular economy. Comparable to TRIREC in deep-tech climate focus and SFDR Article 8 orientation, though operating primarily in Europe.

Others

• Equinor Ventures: Corporate venture arm of Equinor investing in oil & gas transition, renewables, and low-carbon technologies; an LP in Lightrock's Accelerate7 fund alongside TRIREC. Comparable as a strategic climate investor and ecosystem partner, though operating as a corporate VC rather than an independent manager.

Broad incumbents

• Generation Investment Management: Global sustainable investment manager founded on ESG/sustainability principles, investing across public and private markets. Comparable to TRIREC as a sustainability-led investment platform, though far larger and broader in asset-class coverage than TRIREC's venture focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments25 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TRIREC