Leo
also invests · investor profileSingapore, SG · 2 known investors
Leo Capital is a cross-continental early-stage venture fund that leads or co-leads pre-seed and seed rounds and supports founders with go-to-market introductions, follow-on capital, and talent through its network. It invests in technology companies across Asia, Europe, and the USA in areas such as AI, fintech, SaaS, healthtech, logistics, and deeptech.
Also known as Leo Capital
Investors · 2
Company profile
researched Aug 2026Leo Capital is an early-stage venture capital fund established in 2018, headquartered in Singapore with a second base in Helsinki and hubs listed in Bengaluru, Dubai, San Francisco, London, Delhi and Milan. The firm invests in technology companies across Asia, the USA and Europe, and describes assets under management of more than $200 million across its funds, more than 80 companies backed in 14 or more countries, and a network of over 1,000 operators including founders, executives and allocators.
The fund states eight areas of focus: applied and generative AI, fintech and insurtech, vertical and application SaaS, infrastructure SaaS, healthtech and life sciences, logistics and supply chain, consumer and commerce, and deeptech and Web3. Its published portfolio page shows 76 companies across 13 countries, with sector concentrations in fintech (16), vertical AI (14), SaaS (8), healthtech (8), deeptech (7), Web3 (7) and infrastructure AI (7), and first-cheque stage split into pre-seed (8), seed (55) and Series A (7). By region the book is weighted to Asia (37), the US (23) and Europe (14).
The team is led by founder and managing partner Rajul Garg (Delhi/Philadelphia), previously a founder of Pine Labs, GlobalLogic and Sunstone, and co-founder and managing partner Shwetank Verma (Singapore), who leads investments outside India. Other listed members include partners Ravi Srivastava (Seattle), Dinesh Singh (Bangalore/Pune), Madhusmita Das (Bengaluru/Europe) and Henry Goodwin (London), group CFO Rashmi Dayama, operating partner Gaganpreet Luthra, vice president Olga Balakina (Helsinki), and finance and platform staff.
Founding story
The firm was founded in 2018 by serial entrepreneurs; its site names Rajul Garg as founder and managing partner and Shwetank Verma as co-founder and managing partner. A third-party guide instead names Rajul Garg and Shishir Mehta as the 2018 founders.
Business model
Leo Capital operates as a venture capital fund manager, deploying capital from its funds into equity stakes in early-stage technology companies and seeking returns through exits. Third-party coverage describes typical cheque sizes of $500,000 to $2 million, with a preference for rounds of $1 million to $2 million.
As a venture fund, returns are generated from realisations on portfolio holdings; the firm's site lists 18 portfolio exits including Bulbul, BuyStars, Bytelearn, DarioHealth, Dezy, Edureka, Elenas, Elevate, HealthAssure, Indie, Indyfin, IPL, Laminar, LoanSimple, Logiq, Stratzy, Upmesh and Wayforward.
Traction
The fund reports more than $200 million in assets under management, 80+ companies backed across 14+ countries and 1,000+ network operators, with 76 companies and 13 countries shown on its portfolio page and 18 exits listed.
Latest developments
The site's insights feed lists an October 2025 announcement of an investment in NROC Security, a report titled "The India Advantage for European Founders," a Q2 2026 portfolio quarterly, and coverage of portfolio company Zeplyn. The website itself is noted as generated with help from portfolio company Ronic.ai.
▸Full profile — market position, go-to-market, geography, history
Market position
Leo Capital positions itself as a cross-continental early-stage fund that leads or co-leads pre-seed and seed rounds and then supports follow-on rounds alongside global co-investors. Portfolio companies include Apica, Atoa, BeatO, CoLearn, Cover Genius, Cyber Sierra, Devtron, Flyhomes, GoComet, GTMBuddy, indiagold, QuantrolOx and NROC Security.
The firm cites three differentiators: a team of serial entrepreneurs and operators, local presence across Asia, the USA and Europe, and a high-trust global network of founders, operators, executives and allocators used to open enterprise go-to-market doors, design follow-on rounds and recruit senior hires.
Go-to-market
The firm sources deals through on-the-ground presence across Asia, Europe and the USA and an open pitch process on its website, stating that no warm introduction is required and that the investment team responds within two to three days. It positions post-investment support around a "Catalyst Engine" of global go-to-market introductions, follow-on fundraising design and syndication, and senior talent placement.
Founders of pre-seed, seed and early Series A technology companies building for global markets, particularly in Asia (including India and Southeast Asia), Europe (including the Nordics) and the United States.
Geography
Headquartered in Singapore (global HQ) and Helsinki (European hub), with eight listed hubs adding Bengaluru, Dubai, San Francisco, London, Delhi and Milan. Portfolio geographies span Australia, Colombia, Finland, Germany, India, Ireland, Italy, Norway, Singapore, Sweden, the UAE, the UK and the USA. Third-party coverage also lists offices in Singapore, New Delhi, Bengaluru and Helsinki and a geographic focus covering North America, Asia, the Middle East and North Africa, and the Nordics.
History
Established in 2018 in Singapore, with Helsinki added as a European base and additional hubs across India, the Middle East, the US and Europe. An October 2025 blog post announced an investment in NROC Security, a Finnish-American enterprise generative-AI security company.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsThe firm published a quarterly update covering Q2 2026 portfolio recognition, success and engagement.
Leo Capital announced an investment in NROC Security, a Finnish-American company building infrastructure to help enterprises adopt generative AI safely.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Leoleo.capital · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Leo do?
- Leo Capital is a cross-continental early-stage venture fund, established 2018, headquartered in Singapore and Helsinki.
- Who are Leo's investors?
- Leo's investors include Tesi (Finnish Industry Investment Ltd), Interplay Ventures Early Stage Management Llc.
- Where is Leo headquartered?
- Leo is headquartered in Singapore, SG.