Vulpes Investment Management
Also known as Vulpes, Vulpes Ventures, Vulpes Investment Management Pte Ltd, Artradis Fund Management
Singapore alternative investment manager that replicates a family office structure and takes outside co-investment; its Vulpes Ventures arm backs seed to Series B startups in SE Asia, Australia, NZ.
USEFUL FOR Founders · Co-investors
Singapore-based alternative investment manager founded by Stephen Diggle (formerly the hedge fund manager Artradis, renamed Vulpes in 2011); Vulpes Ventures is its venture arm.
Family & background
- HEADQUARTERS
- Singapore, Singapore
- FOUNDED
- 2011
- OUTSIDE CAPITAL
- Yes — also manages others' money
Investment approach
- GEOGRAPHY
- Asia-PacificAustraliaNew Zealand
- STAGES
- SeedSeries ASeries B
- ROUTES
- Direct investments
- STRATEGIES
- Venture capitalPublic equitiesReal estateHedge funds
- INBOUND
- Accepts submissions
Overview
Vulpes Investment Management describes itself as an alternative investment manager designed to replicate a family office structure and enable outside co-investment, with its own capital anchoring all investments; Stephen Diggle's profile calls it a family office backed investment manager. It grew out of Artradis Fund Management, the Singapore hedge fund Stephen Diggle co-founded in 2002, which was renamed Vulpes in 2011. Its strategies include a UK life sciences fund, venture capital through Vulpes Ventures, fundamental equities (Allium funds), New Zealand agriculture, German residential real estate (Stronghold Capital) and a tail-risk fund. Vulpes Ventures runs two venture funds, the Special Opportunities Fund (from June 2020) and Fund V3 (from September 2021), and says it led the seed round of PropertyGuru and took part in the Series A of Trax.
Investment thesis
Vulpes Ventures is sector agnostic and invests from seed to Series B in startups across Southeast Asia, Australia and New Zealand, reserving capital for follow-on rounds.
Holdings & investments (47)
INVESTMENT ARMS & VEHICLES
- Vulpes VenturesVenture arm: seed to Series B in Southeast Asia, Australia and New Zealand
HOLDINGS & INVESTMENTS · MOST RECENT FIRST
- PropertyGuruNOTABLEReal Estate & PropTech · IPO
- TraxNOTABLEArtificial Intelligence
- SharesiesNOTABLEFintech · since 2020
- Fintech · since 2023
- Artificial Intelligence · since 2023
- BetterPlaceSoftware & SaaS · since 2023
- GeoSnapshotMedia & Entertainment · since 2023
- HotelmizeSoftware & SaaS · since 2023
- ShowHeroesMedia & Entertainment · since 2023
- Stack WealthFintech · since 2023
- Software & SaaS · since 2022
- CloudEatsFood & Agriculture · since 2022
- DexibitSoftware & SaaS · since 2022
- FileInviteSoftware & SaaS · since 2022
- FlexOSSoftware & SaaS · since 2022
- KASOFood & Agriculture · since 2022
- M VillageReal Estate & PropTech · since 2022
- OscarMobility & Logistics · since 2022
- PeddlrSoftware & SaaS · since 2022
- PropsellerReal Estate & PropTech · since 2022
- VuihocEducation · since 2022
- ZetarisSoftware & SaaS · since 2022
- ZUZU HospitalitySoftware & SaaS · since 2022
- AvarniClimate & Energy · since 2021
- CiticsReal Estate & PropTech · since 2021
- CloudWaveSoftware & SaaS · since 2021
- Eureka.aiSoftware & SaaS · since 2021
- FoodMapFood & Agriculture · since 2021
- Intelligent Video Solutions (iVS)Media & Entertainment · since 2021
- IntrepidConsumer & E-commerce · since 2021
- JigSpacesince 2021
- MyRobinSoftware & SaaS · since 2021
- PollenClimate & Energy · since 2021
- RoseRx (Rosemary Health)HealthTech · since 2021
- Slocoachsince 2021
- ThoughtFullHealthTech · since 2021
- TigerhallEducation · since 2021
- Trace+Software & SaaS · since 2021
- VeremarkSoftware & SaaS · since 2021
- Consumer & E-commerce · since 2020
- AmpverseMedia & Entertainment · since 2020
- AqwireFintech · since 2020
- CardUpFintech · since 2020
- HiipMedia & Entertainment · since 2020
- Manettas Seafood MarketFood & Agriculture · since 2020
- IroncladSoftware & SaaS · Exited
- PactSafeSoftware & SaaS · Acquired (Ironclad, 2021)
People
- Stephen DiggleFounder; CEO of Vulpes Investment Management UK Ltd. · source
- Martin DiggleCo-Founder; Chairman of Vulpes Investment Management UK Ltd. · source
- Nicholas ThibeaultManaging Partner, Vulpes Ventures · source
- Jani RautiainenVenture Partner, Vulpes Ventures · source
- Chee Seng NgChief Operations Officer · source
Classification
Family-anchored Fund. Started with one family's capital but now also manages money for third parties. How family capital is classified →
FAQ
Vulpes Investment Management is a family-anchored fund based in Singapore, Singapore, founded in 2011.
Vulpes Investment Management invests directly in companies. Its stated asset mix includes venture capital, public equities, real estate and hedge funds.
Vulpes Investment Management invests at Seed, Series A and Series B stages.
Key people at Vulpes Investment Management include Stephen Diggle (Founder; CEO of Vulpes Investment Management UK Ltd.), Martin Diggle (Co-Founder; Chairman of Vulpes Investment Management UK Ltd.), Nicholas Thibeault (Managing Partner, Vulpes Ventures) and Chee Seng Ng (Chief Operations Officer).
Vulpes Investment Management's holdings and investments include PropertyGuru, Trax, Sharesies, Funding Societies, Chope, Cyabra, Nexl and Ampverse, among others.
The most recent publicly reported investment by Vulpes Investment Management is ZUZU Hospitality (Series B extension), announced in Sep 2025.
Vulpes Investment Management states that it accepts submissions through its official contact page.
Yes. Vulpes Investment Management manages capital from outside investors.