Venturebeam, a global network of professional investors, venture capital firms and family offices, has successfully facilitated a US$7.3 million funding round for viAct, a Hong Kong-based sustainability-focused AI company.

The funding round, which exceeded viAct’s initial target of US$6 million, was led by VentureWave Capital, with participation from Singtel Innov8, Korea Investment Partners and PolyU Entrepreneurship Investment Fund.

The milestone marks Venturebeam’s inaugural investment deal in Asia following its launch in Singapore in March 2024.

Founded in 2016, viAct has built a holistic ecosystem of AI-powered technologies, with their pioneered “Scenario-based Vision Intelligence”, AIoT, and edge-generative AI solutions to enhance jobsite safety and productivity for heavy industries.

Recognised by the World Economic Forum as Technology Pioneers in 2023, viAct, as a responsible AI startup, catalyse transformative impact by redefining paradigms of safety, operational excellence and sustainable innovation across risk-prone workplaces such as construction, oil and gas, manufacturing, facility management, and mining industries.

The latest funding round will fuel its growth into regions like the Middle East and North Africa (MENA) & Europe, further accelerating its efforts to reshape industries with technology that foster safer, more adaptive, and eco-conscious workplaces.

“Companies such as viAct are at the forefront of transforming traditional industries towards delivering meaningful impact, “said Diana Kam, Chief Executive Officer, Asia Pacific, Venturebeam,”

“This successful fundraise validates our rigorous approach to curating financially robust, high-growth companies that deliver both scale and measurable impact across multiple regions,”

“Securing VentureWave Capital as our lead investor and facilitating participation from partners such as SingTel Innov8 and Korea Investment,”

“Partners underscores our ability to mobilise our global network of professional investors and accelerate momentum for this transformative movement,”

“Together, we are redefining the global venture landscape—where impact and investment returns go hand in hand,” Diana added.

“Raising capital is more than just numbers; it’s about aligning with partners who believe in your vision,” said Gary Ng, Chief Executive Officer and Co-Founder, viAct.

“Thanks to Venturebeam, viAct connected with forward-thinking investors but also gained credibility through using their digitalised platform which is a legit systematic deal diligence process,”

“The A+ Impact Scoring awarded to viAct by Venturebeam further reinforced our reputation, giving global investors greater confidence to join our mission in transforming workplace safety, believing in our ‘AI for Good’ motto,” Ng said.

“ViAct is a prime example of how high-impact, scalable companies are emerging from the global startup ecosystem, “said Linda Liu, Vice President, VentureWave Capital,”

“At VentureWave Capital, we back visionary founders who are leveraging technology to transform industries, and ViAct is doing exactly that in AI-powered sustainability and workplace safety,”

This investment, alongside global investors, highlights the increasing international collaboration in Series A and B rounds—showcasing how strategic partnerships, facilitated by Venturebeam, are enabling startups like ViAct to accelerate growth across key markets,” said Liu

“We look forward to supporting ViAct as they expand their impact across Asia, Europe, the Middle East, and beyond,” she said.

“It was a pleasure working with Venturebeam on the ViAct transaction. We look forward to engaging with them on ViAct and other potential opportunities in future,’ said Edgar Hardless, Chief Executive Officer, Singtel Innov8.

“At Korea Investment Partners, we are committed to supporting visionary companies that leverage cutting-edge technology to drive meaningful impact,”

“viAct’s AI-driven solutions are transforming workplace safety and operational efficiency across high-risk industries, and with increasing government mandates for video analytics in construction safety, the company is well-positioned for significant growth,” said Hardless

“We are excited to be part of viAct’s journey and look forward to seeing it scale its innovation globally to create safer, smarter, and more sustainable work environments,” he said.

This milestone deal, coinciding with Venturebeam’s first anniversary in Asia, reaffirms its commitment to driving global impact through capital, technology, and innovation.

Headquartered in London, Venturebeam launched in Asia with an exclusive event attended by over 100 venture capital firms, family offices, and ecosystem players last March at Singapore’s Four Seasons Hotel, featuring renowned serial entrepreneur and investor Taizo Son, who is also one of the key investors and supporters of Venturebeam.

During his keynote speech, Taizo Son reiterated his support for Venturebeam as a like-minded partner aligned with his vision of creating a Silicon Valley ecosystem in Asia to connect investors with great entrepreneurs.

As the world’s largest impact investor platform, Venturebeam is transforming the venture investment ecosystem by revolutionising how companies access capital.

By being a central hub for investors with over US$10 billion AUM to connect, share and analyse deal flow, and manage secondary transactions, Venturebeam backs impact-driven entrepreneurs pioneering innovations for a sustainable future.

In Southeast Asia, this commitment translates into a dedicated focus on nurturing the region’s emerging ecosystems such as Singapore, Indonesia, Vietnam, and the Philippines to unlock their full potential as part of Venturebeam’s broader mission to advance impact investing as a leading sector for asset allocation globally and across Asia-Pacific.

In June 2024, Venturebeam facilitated a €30 million Series B funding round for XOCEAN, alongside VentureWave Capital, Endeavor Catalyst, and Enterprise Ireland.

The leading provider of carbon-neutral ocean data has since used this funding to expand operations into Australia with the opening of a new technical centre in Melbourne.

Another milestone for Venturebeam is the launch of its free-to-use proprietary ‘Venture Impact Score,’ a tool designed to help venture-backed companies measure and share their global impact.

In line with this, the firm has recently announced a partnership with Google Startups for Sustainable Development (SFSD), which will provide a holistic ecosystem for startups driving meaningful change towards global sustainable development.

The partnership will enable companies in the Google SFSD program to access Venturebeam’s capital raise support and investor network, while the Venture Impact Score will assist them in assessing and improving their impact.

Since launching in Asia, Venturebeam has been at the forefront of impact investing, continuously expanding its reach and influence among its network of over 200 venture capital firms, family offices, and professional investors.

During the Singapore Week of Innovation and Technology (SWITCH) 2024, Venturebeam hosted an exclusive invitation-only roundtable dinner focused on the transformative potential of AI technology and its implications for Asia-Pacific and the world.

The event brought together thought-leaders, founders, and leading investors in AI, allowing participants to delve into the near-term prospects, challenges, and notable trends within this rapidly evolving field.

Demonstrating its leadership in Impact and sustainability, Venturebeam was recognised at the European Chamber of Commerce Singapore (EuroCham) Sustainability Awards 2024, receiving the inaugural ‘SME Rising Star in Sustainability’ award presented by Singapore’s Deputy Prime Minister Heng Swee Keat.