XL Ventures Obtains Preliminary Approval for License to Operate in Capital Markets
Singapore-based venture capital firm, XL Ventures Pte Ltd, is making waves in the climate technology sector by investing in and supporting early-stage startups that leverage artificial intelligence (AI) and sensor technologies to optimize energy consumption and accelerate decarbonization.
Founded by Amit Sharma and Saroj Mishra, the firm is particularly focused on technologies that solve real business problems and deliver climate benefits. Their goal is to contribute to decarbonization, a significant potential area for reducing greenhouse gas emissions.
XL Ventures' approach emphasizes the adoption of technologies that can improve corporate bottom lines while also delivering environmental benefits. Energy efficiency and consumption optimization are cross-sector needs where immediate impact is possible, according to the founders.
The company prioritizes early-stage startups that can scale rapidly, supporting market entry particularly in Asia. They see significant opportunities for European startups in energy efficiency and smart technology to partner and scale in markets like Singapore, India, and the GCC, leveraging local government and private sector agendas.
To facilitate this growth, XL Ventures plans to partner closely with a select number of early-stage companies, providing hands-on support to help them establish operations and scale in Asia. They also aim to collaborate with large local conglomerates for market access and distribution.
Recently, XL Ventures received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a licensed Venture Capital Fund Manager (VCFM), enabling formal fund management and investment activities in the region.
Amit Sharma, based in Singapore, is one of the founders of XL Ventures. He brings a wealth of experience as the Global Head of Business Development (Digital) at Tech Mahindra. Saroj Mishra, based in London, is the other founder of XL Ventures. He co-founded Tazapay and Bayfront Capital Advisors, bringing a strong tech and fintech background to the table.
The founders of XL Ventures believe that rapid global scaling of existing climate technologies is crucial to saving the planet. They are actively helping UK-based startups gain traction in Asian markets, reflecting a shift from traditional US scaling markets to Asia and GCC economies sharing similar climate-tech ambitions.
XL Ventures is currently helping several UK-based startups to get traction in these markets. The firm is committed to investing in tech startups that use data, sensors, and artificial intelligence (AI) to optimize energy consumption in commercial buildings and power infrastructure—two sectors with high potential for decarbonization and energy efficiency improvements.
In alignment with their focus on technologies that solve real-world issues and deliver climate benefits, XL Ventures is actively investing in tech startups that use data, sensors, and artificial intelligence (AI) for optimizing energy consumption, particularly in the sectors of commercial buildings and power infrastructure. Recognizing the significant potential for decarbonization and energy efficiency improvements in these sectors, the founders of XL Ventures, Amit Sharma and Saroj Mishra, are also helping UK-based startups scale in Asian markets, shifting the traditional US scaling markets to Asia and GCC economies with shared climate-tech ambitions.
