Upstream Ventures
Venture capitalTaipei · Seed–Series A · 4 people tracked
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Investment thesis
Upstream VC concentrates on early-stage investing from seed through Pre-A/A rounds, backing companies with significant growth potential. Its team draws on over a decade of secondary-market research and operating experience across traditional industries, electronics, advanced manufacturing, and semiconductors. Since 2023 the firm has increased its focus on vertically integrated SaaS and advanced manufacturing technologies. It believes frontier technology and innovation are key to solving industrial challenges, and positions itself at the upstream of industries, seeking promising startups and supporting them with strategic resources. The firm reports having invested in more than 20 companies and collaborating with over 10 venture partners to accelerate startup growth.
Source: firm website, verified Sep 27, 2026.
Team · 4 people
from the firm's website & curatedFounder mafia
2 people who came through Upstream Ventures went on to found or lead other companies.
What they invest in
from 17 of 24 portfolio companiesAI & Machine Learning ×9SaaS ×9B2B Marketplaces ×3Deep Tech ×3Fintech ×3Healthtech ×3Semiconductors ×3Digital Health ×2
HQs:Taiwan×7United States×2
Investments · 24 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12024 · 12023 · 14 dated
AlleyPin is a B2B medical technology provider that builds a LINE-based patient relationship management system (1.Talk) for clinics and healthcare institutions to manage patient interactions, reviews, and clinic operations.
AI & Machine LearningDigital HealthHealthtechMedical DevicesSaaS
WEI CHENG LO(Founder)inHenry Shih(Founder)in
Co-investorsAVA Angels
Alysio is an AI-native platform that unifies revenue and sales data from tools like Salesforce, HubSpot, and Gong into a single conversational interface, providing real-time intelligence and automating GTM workflows.
AI & Machine LearningSaaSSales TechSalt Lake City, US
Aaron McReynolds(Executive Officer, Director)inRyan Harris(Executive Officer, Director)in
BoardKat Kennedy(Director)in
Co-investorsKickstartService Provider CapitalCapital ElevenSaas Ventures, L.L.C.Village Global
APMIC builds on-premise enterprise AI products, including PrivModel for fine-tuning and distilling large language models on NVIDIA NeMo, and PrivStation, a local AI knowledge platform with RAG-based Q&A, document retrieval, and decision support.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsAddin Venture
Bananas provides digital rental-management tools for landlords and property-management firms in Taiwan, covering electronic contracts, lease and rent billing with online payment, cloud reporting, automated reminders, and data analytics across web, iOS, and Android.
FintechPropTechSaaS
Cylerity works in healthcare finance, using data to turn receivables into working capital and reduce operational friction.
AI & Machine LearningDigital HealthFintechHealthtechSaaS
Co-investorsC2 VenturesHealthX VenturesTundra AngelsWisconsin Investment Partners
JENJAN provides third-party logistics (3PL) for e-commerce brands, combining warehousing, order fulfillment, and shipping through an integrated WMS/OMS system with API connections to e-commerce, logistics, convenience store, and payment services.
AI & Machine LearningE-commerceLogistics & Supply Chain
Healthcare company that raised a $24M Series A
HealthtechFrisco, US
Avish Bhama(Executive Officer, Director)in
BoardIlya Golubovich(Director)inDaniel Goldsmith(Director)in
Co-investorsDraper AssociatesSeedToBTau VenturesI2BF Global VenturesProofpoint CapitalTAU Ventures
Mobly offers an AI-powered mobile app for capturing leads at trade shows, conferences, and field events by scanning badges, QR codes, business cards, and handwritten name tags with a phone camera.
AI & Machine LearningMarketing TechSaaSSales Tech
Zach Barney(Founder)in
Co-investorsEniac VenturesPeterson VenturesService Provider CapitalJump CapitalPeak Ventures
NunoX builds an AI-based cloud SaaS platform for the textile industry, enabling suppliers to create digital twins of their materials and connect with designers and brands.
AI & Machine LearningB2B MarketplacesSaaS
百分百寵物 is a Taiwan-based pet store chain founded by veterinarians, operating multiple retail locations that sell pet products and offer services such as pet grooming, bathing, and free veterinary clinics.
ConsumerRetail Tech
Co-investorsAVA Angels
SGService provides technical support for cause analysis and problem solving in research, development, and manufacturing using X-ray non-destructive testing, CT imaging, and physical analysis techniques.
Deep TechHardwareSemiconductors
Worca is a talent recruitment platform focused on identifying and hiring committed professionals, particularly from Asia, based on work ethic and persistence rather than pedigree or connections.
B2B MarketplacesFuture of WorkHR Tech
Steven
Co-investorsKube VCHyphen Capital
Zohe is a corporate meal service that uses a network of over 300 food and restaurant partners to design menus for company teams, ranging from small startups to enterprises of 300+ people.
B2B MarketplacesEnterprise SoftwareFoodTech
Co-investorsAVA Angels
Artilux develops germanium-on-silicon (GeSi) photonics technology that provides optical interconnects and optoelectronic compute for AI infrastructure across cloud, edge, and physical AI applications.
AI & Machine LearningDeep TechSemiconductors
Largest Chinese-language creator platform with millions of monthly readers and creators.
Co-investorsAVA AngelsEdison Partners
Taiwan-based company that makes modular upgrade hardware and a cloud SaaS platform to convert existing vending machines and other unmanned/self-service equipment into smart, connected devices.
IoTRetail TechSaaS
TMYTEK develops mmWave hardware and testing platforms for 5G/6G research and deployment, including beamforming devices, frequency converters, and Reconfigurable Intelligent Surface (RIS) solutions.
Deep TechHardwareSemiconductors
Taiwan-based cloud accounting software that lets small businesses digitize receipts by photographing them for AI-assisted bookkeeping, and handles payroll, inventory and order management, bank reconciliation, expense reimbursement, and electronic invoicing.
AI & Machine LearningFintechSaaS
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
DotdotMet AiMoldintel寶元智造展綠科技源天然
Portfolio news
latest coverage across their companiesKlinic · finsmes.com · Jul 8, 2026
Cylerity · fintech.global · Oct 29, 2025
Frequently asked questions
- How many investments has Upstream Ventures made?
- Upstream Ventures has 24 tracked investments, including 2 dated in the last 24 months.
- What stage does Upstream Ventures invest at?
- Upstream Ventures invests at the Seed, Series A stages.
- What is Upstream Ventures's typical check size?
- Upstream Ventures typically writes checks of $955K – $4M.
- What sectors does Upstream Ventures focus on?
- Upstream Ventures focuses on Advanced Manufacturing, AI & Machine Learning, Deep Tech, Enterprise Software, Fintech, SaaS, Semiconductors.
- Where is Upstream Ventures located?
- Upstream Ventures is headquartered in Taipei, TW.
- Who does Upstream Ventures co-invest with?
- Upstream Ventures most often shares deals with AVA Angels, Addin Venture, Edison Partners, among 4 tracked co-investors.
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