Sovereign wealth fund
GIC portfolio
gic.com.sgGIC is a sovereign wealth fund based in Singapore, Singapore, founded in 1981. It has invested in 98 venture-backed companies across 131 funding rounds on VCMC, and led 45 of those rounds. 21 of them were in the last 12 months.
98
Venture-backed companies
in its portfolio on VCMC
131
Funding rounds
led 45
21
Last 12 months
rounds, Oct 2025 to Sep 2026
70
With a disclosed valuation
of 98 companies
$2.13T
Combined value of its private companies
the whole companies, not what GIC owns
93 private companies GIC has backed have a VCMC valuation; together they are worth $2.13T. That is the value of the whole companies, not what GIC owns. Anthropic is 51% of the total. 5 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
GIC's most valuable portfolio companies
The 10 most valuable private companies GIC has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Anthropic Tech Companies, San Francisco $1.09T range $838.9B – $1.51T Led at Series F, 2025
- 2 Databricks Tech Companies, San Francisco $193.6B range $165.2B – $240.4B Joined at Series G, 2021
- 3 Stripe Payment Processing & Point of Sale, Paris $173.0B range $138.2B – $207.9B Joined at Series H+, 2023
- 4 Ant Group Tech Companies, Hangzhou $67.6B range $13.0B – $152.4B Joined at Series C, 2018
- 5 Ramp Tech Companies, New York $60.1B range $52.2B – $75.9B Led at Series E, 2025
- 6 Flipkart Online Marketplace, Bengaluru $46.9B range $6.5B – $60.4B Joined at Growth, 2014
- 7 Checkout.com Payment Processing & Point of Sale, London $32.6B range $4.9B – $59.2B Joined at Series B, 2020
- 8 Crusoe Hosting & Cloud Infrastructure Providers, Denver $31.7B range $26.9B – $46.2B Joined at Series F, 2026
- 9 Vantage Data Centers Data Solutions, Denver $25.8B range $18.0B – $39.9B Led at Growth, 2025
- 10 Rippling Tech Companies, San Francisco $23.4B range $15.5B – $26.9B Joined at Series G, 2025
Portfolio
Full GIC portfolio (98 companies)
98 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ola Corporate Ridesharing · since Series F, 2015 | Series J Dec 2021 $139M | $9.3B | $727M – $10.7B | $8.6B (-8%) | $1.4B | 0% | 29,717 | flat | D | |
| 2 | Stripe Payment Processing & Point of Sale · since Series H+, 2023 | Growth Equity Feb 2026 $159.00B | $173.0B | $138.2B – $207.9B | $180.8B (+4%) | $17.7B | 0% | 16,600 | growing | A | |
| 3 | Anthropic Tech Companies · led at Series F, 2025 | Series H May 2026 $65.00B | $1.09T | $838.9B – $1.51T | $1.31T (+20%) | $144.0B | 0% | 6,076 | growing | A | |
| 4 | Databricks Tech Companies · since Series G, 2021 | Growth Equity Aug 2026 $5.00B | $193.6B | $165.2B – $240.4B | $209.0B (+8%) | $18.8B | 0% | 17,130 | growing | A | |
| 5 | Vantage Data Centers Data Solutions · led at Growth, 2025 | Growth Equity Sep 2026 $2.00B | $25.8B | $18.0B – $39.9B | $28.1B (+9%) | $2.5B | 0% | 2,614 | growing | B | |
| 6 | Ant Group Tech Companies · since Series C, 2018 | Series C Jun 2018 $14.00B | $67.6B | $13.0B – $152.4B | $67.6B (0%) | $24.7B | 46% | 10,623 | flat | D | |
| 7 | Stegra Scrap Metals · since Growth, 2023 | Growth Equity Jun 2026 $1.59B | $16.4B | $11.2B – $24.8B | $17.5B (+6%) | $1.7B | 0% | 821 | up | B | |
| 8 | Crusoe Hosting & Cloud Infrastructure Providers · since Series F, 2026 | Series F Sep 2026 $3.90B | $31.7B | $26.9B – $46.2B | $40.2B (+27%) | $4.4B | 0% | 1,720 | growing | A | |
| 9 | Flipkart Online Marketplace · since Growth, 2014 | Growth Equity Jul 2021 $3.60B | $46.9B | $6.5B – $60.4B | $46.3B (-1%) | $5.6B | 0% | 96,913 | up | D | |
| 10 | Ramp Tech Companies · led at Series E, 2025 | Growth Equity Oct 2026 $1.85B | $60.1B | $52.2B – $75.9B | $66.0B (+10%) | $5.9B | 0% | 6,282 | growing | A | |
| 11 | Guazi Used Car Automobile Dealers & Manufacturers · since Series C, 2018 | Growth Equity Feb 2019 $1.50B | $4.9B | $423M – $10.4B | $4.9B (0%) | $1.0B | 0% | 110 | flat | D | |
| 12 | SambaNova Tech Companies · since Series D, 2021 | Series F Jul 2026 $1.00B | $11.2B | $9.6B – $13.5B | $11.0B (-2%) | $1.6B | 76% | 406 | down | A | |
| 13 | Trade Republic Financial Services · since Growth, 2025 | Growth Equity Dec 2025 $1.40B | $16.9B | $12.8B – $20.0B | $17.4B (+3%) | $1.7B | 0% | 1,762 | growing | A | |
| 14 | Form Energy Batteries · since Series E, 2022 | Debt Sep 2026 $270M | $792M | $652M – $1.1B | $985M (+24%) | $108M | 0% | 891 | flat | A | |
| 15 | Devoted Health Insurance - Agents, Carriers & Brokers · led at Series D, 2021 | Series F Nov 2025 $48M | $18.0B | $11.5B – $20.8B | $18.1B (+1%) | $2.0B | 0% | 2,371 | up | A | |
| 16 | Reflection AI Tech Companies · since Growth, 2025 | Growth Equity Oct 2025 $2.00B | $8.8B | $6.8B – $10.1B | $8.8B (0%) | $863M | 0% | 1 | unknown | A | |
| 17 | Yanolja Tech Companies · led at Series D, 2019 | Growth Equity Jul 2021 $1.70B | $9.5B | $845M – $16.3B | $9.5B (0%) | $1.6B | 1% | 2,351 | flat | D | |
| 18 | Rippling Tech Companies · since Series G, 2025 | Series G May 2025 $450M | $23.4B | $15.5B – $26.9B | $23.4B (0%) | $2.6B | 0% | 7,815 | growing | A | |
| 19 | Checkout.com Payment Processing & Point of Sale · since Series B, 2020 | Series D Jan 2022 $1.00B | $32.6B | $4.9B – $59.2B | $30.9B (-5%) | $6.9B | 0% | 2,477 | up | D | |
| 20 | CRED Payment Processing & Point of Sale · led at Series F, 2022 | Series H Jun 2026 $900M | $4.9B | $3.9B – $6.7B | $5.8B (+19%) | $739M | 0% | 2,252 | up | A | |
| 21 | Harvey Tech Companies · led at Growth, 2026 | Growth Equity Sep 2026 $550M | $15.7B | $13.5B – $19.6B | $17.1B (+9%) | $1.5B | 0% | 1,847 | growing | A | |
| 22 | Cainiao Global Express Tracking Shipping Couriers · led at Series A, 2016 | Series A Mar 2016 $1.54B | $7.3B | $624M – $9.0B | $7.2B (-1%) | $2.2B | 0% | 2,979 | flat | D | |
| 23 | FalconX Financial Services · led at Series D, 2022 | Debt Aug 2026 $1.00B | $10.0B | $1.6B – $15.8B | $10.0B (0%) | $1.5B | 0% | 604 | up | D | |
| 24 | cinch Automobile Dealers & Manufacturers · since Growth, 2021 | Seed Jan 2022 $3.0M | $98.4M | $26.1M – $370M | $98.4M (0%) | – | 32% | 430 | flat | D | |
| 25 | N26 Banks & ATMs · led at Series D, 2019 | Series E Oct 2021 $900M | $8.5B | $1.3B – $13.7B | $8.2B (-4%) | $1.5B | 5% | 2,261 | up | D | |
| 26 | Authentic Clothing Stores · since Growth, 2019 | Growth Equity Jun 2023 $500M | $14.1B | $3.6B – $29.2B | $13.4B (-5%) | $2.3B | 0% | 705 | up | D | |
| 27 | Temporal Tech Companies · led at Growth, 2025 | Series E Sep 2026 $550M | $12.9B | $10.9B – $18.8B | $16.3B (+26%) | $1.8B | 0% | 610 | growing | A | |
| 28 | Integrity Insurance - Agents, Carriers & Brokers · since Growth, 2021 | Growth Equity Dec 2021 $1.20B | $14.1B | $1.5B – $21.4B | $13.8B (-2%) | $1.3B | 0% | – | up | D | |
| 29 | Wealthsimple Investment Consultants & Financial Advisors · led at Growth, 2025 | Growth Equity Oct 2025 $540M | $8.5B | $6.2B – $9.8B | $8.5B (0%) | $763M | 0% | 2,493 | growing | A | |
| 30 | Monzo Banks & ATMs · since Growth, 2024 | Series I Dec 2024 $534M | $9.7B | $5.5B – $13.7B | $9.7B (0%) | $1.2B | 0% | 5,631 | growing | B | |
| 31 | ElevenLabs Tech Companies · since Growth, 2026 | Growth Equity Sep 2026 $300M | $22.1B | $19.1B – $27.8B | $24.2B (+9%) | $2.4B | 0% | 1,425 | growing | A | |
| 32 | RingCentral Tech Companies · since Series D, 2021 | Series D Aug 2021 $450M | $11.8B | $1.2B – $21.0B | $11.2B (-5%) | $2.0B | 24% | 310 | unknown | D | |
| 33 | Supabase Tech Companies · led at Series F, 2026 | Series F Jun 2026 $500M | $11.9B | $9.1B – $16.6B | $14.4B (+21%) | $1.8B | 0% | 455 | growing | A | |
| 34 | ThoughtSpot Tech Companies · since Series F, 2021 | Series G Oct 2025 $248M | $5.5B | $3.6B – $6.4B | $5.5B (0%) | $607M | 0% | 1,781 | flat | A | |
| 35 | Solugen Chemicals · led at Series C, 2021 | Growth Equity Mar 2026 $50M | $584M | $369M – $917M | $570M (-2%) | $55.5M | 26% | 136 | flat | B | |
| 36 | Rappi Groceries Delivery · since Series F, 2021 | Series F Jul 2021 $500M | $6.8B | $456M – $7.9B | $6.8B (0%) | $916M | 0% | – | unknown | D | |
| 37 | Vercel Hosting & Cloud Infrastructure Providers · led at Series F, 2025 | Series F Sep 2025 $300M | $12.8B | $8.2B – $14.7B | $12.8B (0%) | $1.4B | 0% | 1,026 | growing | A | |
| 38 | Climeworks Environmental Engineering Services · led at Growth, 2022 | Growth Equity Jul 2025 $162M | $990M | $782M – $1.3B | $671M (-32%) | $113M | 89% | 400 | down | A | |
| 39 | ClickHouse Tech Companies · since Series D, 2026 | Series D Jan 2026 $400M | $19.9B | $13.0B – $25.0B | $21.7B (+9%) | $2.4B | 0% | 577 | growing | B | |
| 40 | Trax Tech Companies · since Series D, 2019 | Series E Apr 2021 $640M | $730M | $348M – $2.6B | $646M (-12%) | $812M | 97% | 575 | shrinking | D | |
| 41 | Razorpay Payment Processing & Point of Sale · led at Series D, 2020 | Series F Dec 2021 $375M | $5.0B | $764M – $13.1B | $5.0B (0%) | $1.4B | 46% | 3,700 | unknown | D | |
| 42 | Addi Payment Processing & Point of Sale · since Series D, 2026 | Series D Jul 2026 $85M | $941M | $617M – $1.6B | $1.1B (+21%) | $153M | 0% | 950 | growing | B | |
| 43 | Cribl Tech Companies · since Series E, 2024 | Series E Aug 2024 $319M | $5.1B | $2.6B – $5.8B | $4.4B (-13%) | $559M | 0% | 1,291 | up | B | |
| 44 | Coda Payment Processing & Point of Sale · since Growth, 2022 | Growth Equity Apr 2022 $690M | $2.1B | $870M – $3.2B | $2.1B (0%) | $285M | 0% | 776 | growing | C | |
| 45 | ACES Delta Chemicals · since Growth, 2022 | Growth Equity Jun 2022 $650M | $1.2B | $410M – $10.5B | $967M (-17%) | $715M | 97% | 15 | down | D | |
| 46 | OakNorth Bank Banks & ATMs · since Growth, 2017 | Debt Jun 2019 $440M | $1.0B | $103M – $1.4B | $1.0B (-1%) | $132M | 0% | 683 | up | D | |
| 47 | Apeel Sciences Food Production · led at Growth, 2020 | Series E Aug 2021 $250M | $245M | $135M – $718M | $230M (-6%) | $222M | 97% | 146 | shrinking | C | |
| 48 | Sunfire Industrial Machinery & Supplies · led at Series E, 2024 | Series E Mar 2024 $233M | $3.7B | $750M – $5.2B | $2.6B (-30%) | $443M | 1% | 506 | flat | C | |
| 49 | Dapper Labs Tech Companies · since Growth, 2021 | Growth Equity Sep 2021 $250M | $4.9B | $661M – $9.2B | $4.6B (-7%) | $752M | 30% | 190 | unknown | D | |
| 50 | Anchorage Digital Cryptocurrency · led at Series C, 2021 | Growth Equity Feb 2026 $100M | $1.2B | $764M – $1.9B | $1.3B (+4%) | $115M | 0% | 748 | growing | B |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How GIC invests: stages, industries and countries
Most of its rounds are Series C and later (85%). Its companies span 39 industries, most in Tech Companies, Payment Processing & Point of Sale and Financial Services, across 23 countries.
Rounds by stage
- Series A 4
- Series B 15
- Series C and later 112
Investments by industry
- Tech Companies 32
- Payment Processing & Point of Sale 8
- Financial Services 5
- Automobile Dealers & Manufacturers 4
- Batteries 4
- Investment Consultants & Financial Advisors 4
- Banks & ATMs 3
- Chemicals 2
Investments by country
- United States 44
- India 8
- United Kingdom 8
- Singapore 6
- China 4
- Germany 4
Recent rounds
GIC's latest investments
GIC's most recent funding rounds, newest first. 21 rounds in the last 12 months.
- Ramp Growth $1.85B 15 Oct 2026
- ElevenLabs Growth $300M 30 Sep 2026
- Crusoe Series F $3.90B 17 Sep 2026
- Temporal Series E $550M 14 Sep 2026
- Harvey Growth $550M 9 Sep 2026
- Databricks Growth $5.00B 13 Aug 2026
- Addi Series D $85M 1 Jul 2026
- Ramp Growth, led $750M 4 Jun 2026
- Supabase Series F, led $500M 4 Jun 2026
- Anthropic Series H+ $65.00B 28 May 2026
Co-investors
GIC's top co-investors
The investors that most often join the same rounds as GIC. Andreessen Horowitz leads, with 26 rounds together.
- Andreessen Horowitz 26 rounds together
- Coatue 24 rounds together
- Tiger Global 20 rounds together
- Sequoia Capital 18 rounds together
- Lightspeed Venture Partners 17 rounds together
- General Catalyst 15 rounds together
- Temasek 14 rounds together
- Insight Partners 14 rounds together
- Dragoneer Investment Group 13 rounds together
- DST Global 11 rounds together
About
About GIC
GIC Private Limited is a Singaporean state-owned private limited company that operates as a sovereign wealth fund and financial institution. The company manages Singapore's foreign reserves and invests in a range of asset classes, including equities, bonds, cash, inflation-linked bonds, private equity, and real estate, with a global presence in over 40 countries. GIC also engages in technology and artificial intelligence investments and participates in industry forums and events related to technological disruption.
Description from Veridion's company data.
- Founded
- 1981
- Based in
- Singapore, Singapore
- Team
- 4,141 people, +6% in a year
- Type
- Sovereign wealth fund
Focus markets
- Financial Services
- Real Estate
What GIC offers
- Sovereign Wealth Fund Management
- Foreign Reserve Asset Management
- Global Equity Investment Management
- Bond and Cash Investment Management
- Private Equity Investment Management
- Real Estate Investment Management
- Value-Driven Investment Strategy Implementation
- Long-Term Value Creation Portfolio Management
Questions
GIC: frequently asked questions
How many companies has GIC invested in?
98 venture-backed companies on VCMC, across 131 funding rounds.
What are GIC's most valuable private companies?
Anthropic ($1.09T), Databricks ($193.6B), Stripe ($173.0B), by VCMC's valuation.
What was GIC's latest investment?
Ramp, a Growth round in Oct 2026 of $1.85B.
Which stages does GIC invest in?
GIC invests most often at Series C and later (112 rounds), followed by Series B (15) and Series A (4).
What is GIC's portfolio worth?
Its private companies with a VCMC valuation are worth $2.13T together. That is the sum of the companies' values, not what GIC owns.
Who does GIC invest alongside?
Andreessen Horowitz (26 rounds), Coatue (24 rounds), Tiger Global (20 rounds).