Vulpes Ventures


Vulpes Ventures is the venture capital group of Singapore-based Vulpes, once the largest Asia-based hedge fund. It takes a flexible and unencumbered approach to venture investment and seeks to empower entrepreneurs to reach their full potential. It invests in early-stage tech startups across Southeast Asia, Australia, and New Zealand and has been one of the most active investors in the region since June 2020. It focuses on having a diversified portfolio across stages and sectors and has funded over 35+ innovative companies. The portfolio includes some notable startups such as Chope, CloudEats, Flash Coffee, Loship, Sharesies, and Propseller. Vulpes Ventures has invested in venture capital since 2008, backing 3 unicorns at or Series A. It has 8 exits to date, with a notable exit from its seed investment into Property Guru in March 2022, when the company went public via SPAC on the NYSE.




B2B, Business Intelligence, Blockchain, E-commerce/ Consumer Internet, Education, Enterprise Tech, FemTech, Fintech, Healthcare, AI/ML


Seed, Series A, Series B, Growth


Asia, Oceania


Singapore, Malaysia, Vietnam, Thailand, Australia


Field Pickering, Head of Venture Investing

Field Pickering heads venture capital and impact investing at Vulpes, in addition to his role as the COO and General Counsel. Vulpes is actively investing early stage seed capital across South East Asia, and manages the only dedicated venture fund for the Country of Myanmar (Burma). Vulpes is also the fund management partner for Patamar, which is the largest impact investor in South East Asia. Field has been in Singapore since 2011, working for investment groups, including two stints as the general counsel for portfolio companies. Field began his career working on a Wall Street sales desk before getting his law degree and working as an M&A associate for an international law firm. He has a degree in History from the University of Colorado-Boulder and a J.D. from the University of San Francisco School of Law.

Stephen Diggle, Founder & CEO

Stephen Diggle has been working in finance since 1986 After 15 years working at international Investment Banks in London, Sydney and Hong Kong he was one of two founders of Artradis Fund Management, a Singapore based hedge fund company which launched in 2002 with US$4m and peaked at nearly US$5bn late in 2008. Artradis was multi-award winning and for some time the largest and most successful hedge fund in Asia making US$2.7bn for investors between 2002 and 2009, especially during the financial crisis of 2008 when it was most successful. The hedge fund closed in March 2010 returning cash in full to all investors and being one of the few multi $bn hedge funds never to have gated investors capital. Following this, he founded Vulpes Investment Management, a family office backed investment manager that runs a diverse portfolio of assets, including significant investments in U.K.-based biotechnology companies, where he acts as one of the two portfolio managers. Vulpes has been an early investor in companies such as Scancell and Oxford Biomedica, providing capital at critical times to keep the companies afloat. With a decade of experience investing in this sector, he is more passionate than ever about finding undervalued biotech firms and helping them grow. Stephen holds a Master’s degree from the University of Oxford in Philosophy, Politics, and Economics