Func Ventures
- Company typePrivate
- Founded2022
- HeadquartersSingapore, Singapore
- Headcount1–10
- GTM typeB2B
- OfferingServices
Func Ventures firmographics
Firmographics- Name
- Func Ventures
- Legal name
- Func Ventures
- Website
- https://func.vc
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Where Func Ventures is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Markets served
Func Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Fund Management Fees: Traditional venture capital fund management structure with management fees and carried interest from portfolio company exits.
- Portfolio Company Equity Returns: Returns generated through equity ownership in early-stage API companies. The firm has invested in category leaders including FrankieOne (#1 in KYC/AML), SourseAI (#1 in MVNO marketing), AsiaVerify (#1 in KYB compliance), LittlePhil (#1 in charity tech), LiteCard (#1 in mobile wallet cards), TikPay (#1 in public transport payments), and an energy sector company.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Func Ventures product offering
Product offeringCore offering
Func Ventures is an early-stage venture capital firm that deploys capital into API-centric startup companies across South-East Asia and Australia. The firm matches capital with early access to repeat founders and the APAC startup communities built over 20+ years. Its portfolio spans embedded finance, impact tech, and modern city platforms, with investments in category leaders such as FrankieOne, SourseAI, AsiaVerify, LittlePhil, LiteCard, TikPay, and Prefactor.
Product overview
Func Ventures is an early-stage venture capital firm specializing in API-centric startup investments across South-East Asia and Australia. Rather than offering a unified software product, the firm provides its investment methodology through two offerings: the SUPERIOR Framework (a 40-point due diligence evaluation system for identifying superior API-first companies) and the published book 'Investing in SUPERIOR Companies' that documents this framework for founders, investors, and students of entrepreneurship.
Differentiator
Problem solved
Functional benefit
Products and services
- SUPERIOR Framework A proprietary 40-data-point due diligence framework developed by Chris Birrell for evaluating early-stage API-first companies. It covers eight lenses with five aspects each, designed to systematically identify superior companies, founders, and returns.
- Investing in SUPERIOR Companies (Book) A book authored by Chris Birrell that documents the SUPERIOR investment framework, designed to help founders understand how investors evaluate companies and to guide investors in building their own due diligence process. Available on Amazon.
Quantifiable outcome
- 4 software company exits generating over USD$6B in total value
- +2 more outcomes
Companies that use Func Ventures
Customer profileSegments1 record
Ideal customer profiles1 record
Func Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Func Ventures partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
Func Ventures competitors and assessment
Company assessmentDirect peers
- Wavemaker Partners: Early-stage VC firm investing across South-East Asia and the US, with a strong portfolio of API/SaaS and enterprise software companies. Comparable in stage, geography, and B2B software focus, though typically with larger fund size and broader LP base.
- Exhort Ventures: Early-stage APAC-focused VC that co-led the Support Fusion pre-seed round with Func Ventures. Comparable as a small, founder-led fund writing early checks into B2B software and SaaS companies in the same geography.
- Golden Gate Ventures: Singapore-headquartered early-stage VC focused exclusively on South-East Asia. Highly comparable as a regional early-stage VC investing in SaaS, fintech, and consumer-tech startups across the same geography Func Ventures targets.
- Antler: Global early-stage VC and accelerator that co-invested with Func Ventures in the Support Fusion pre-seed round. Both firms target repeat and first-time founders building API/SaaS companies across APAC at the pre-seed and seed stages, operating with large founder networks and high deal-flow volume.
- Hummingbird Ventures: Early-stage VC investing globally with strong APAC and developer/API infrastructure exposure. Comparable as a thesis-driven fund backing technical founders at seed and Series A, overlapping with Func Ventures' API-first focus.
- Openspace Ventures: Singapore-based VC focused on South-East Asia, investing across fintech, SaaS, and consumer. Comparable as an APAC-native early/growth-stage fund competing for similar software founder relationships in the same geography.
- 500 Global (formerly 500 Startups): Global early-stage accelerator/VC active across APAC, including seed and pre-seed checks into B2B SaaS companies. Comparable in stage and program-driven approach, though with significantly more capital and a more diversified sector mandate.
Broad incumbents
- East Ventures: One of the largest and most active early-stage investors in South-East Asia, with hundreds of portfolio companies across sectors. A broader incumbent in the same geography that often competes with micro-VCs like Func Ventures for seed-stage API/SaaS deals.
- Sequoia Capital Southeast Asia (now Peak XV): Major APAC venture investor writing checks from seed through growth. Represents the institutional incumbent competitor for APAC API/SaaS founders Func Ventures targets, with much larger fund size and brand recognition.
- SOSV: Multi-stage accelerator/VC operating programs like HAX and IndieBio. Compares as an accelerator-style fund writing very early checks into deep-tech and software startups across geographies, with comparable pre-seed deployment volume.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Func Ventures social profiles
Digital presenceFunc Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Func Ventures leadership team
Management profileNumber of profiles
Profiles1 record
Func Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Func Ventures M&A and investment
M&A and investmentM&A
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Func Ventures
What does Func Ventures do?
Func Ventures is an early-stage venture capital firm that deploys capital into API-centric startup companies across South-East Asia and Australia. The firm matches capital with early access to repeat founders and the APAC startup communities built over 20+ years. Its portfolio spans embedded finance, impact tech, and modern city platforms, with investments in category leaders such as FrankieOne, SourseAI, AsiaVerify, LittlePhil, LiteCard, TikPay, and Prefactor.
Is Func Ventures a public or private company?
Func Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Func Ventures founded?
Func Ventures was founded in 2022. It employs 1 to 10 people.
Where is Func Ventures based?
Func Ventures is headquartered in Singapore, Singapore, in the Asia region.
How does Func Ventures make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are portfolio Company Equity Returns.
Who are Func Ventures's main competitors?
Direct peers on record are Wavemaker Partners, Exhort Ventures, Golden Gate Ventures, Antler, Hummingbird Ventures, Openspace Ventures and 500 Global (formerly 500 Startups). Broad incumbents are East Ventures, Sequoia Capital Southeast Asia (now Peak XV) and SOSV.
Does Func Ventures have an API?
No public API is recorded for Func Ventures.