# Capital Code

> Capital Code is a VC fund in Singapore backing Food and Beverage, Fitness and Forestry. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Singapore, Singapore
- Total investments: 5
- Last investment: Jul 2025
- Lead investor: 20%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/capitalcode/
- Website: https://www.capital-code.com/

Capital Code is an AgriFood sector-focused bespoke advisory and investment firm.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $3.5M–$11M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Food and Beverage | 2 | 40% |
| Fitness | 1 | 20% |
| Forestry | 1 | 20% |
| Software | 1 | 20% |
| Wellness | 1 | 20% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 60% |
| Seed | 1 | 20% |
| Pre-Seed | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Singapore | 2 | 40% |
| India | 1 | 20% |
| Malaysia | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Lo! Foods | India is the diabetes and heart attack capital of the world. Scientific research today concludes that all the above are primarily lifestyle-based diseases - in effect, they are caused due to our diet and habits. Latest research points to a diet high in Carbohydrates being a potential reason for these. | $3.5M | Series A | Jul 17, 2025 |  |
| Thryve.Earth | Thryve is a technology-enabled carbon project in development. They analyze, design, and finance carbon projects in order to meet net-zero targets and regenerate the planet’s ecosystems. | $2.6M | Seed | Feb 07, 2024 |  |
| Thryve.Earth | Thryve is a technology-enabled carbon project in development. They analyze, design, and finance carbon projects in order to meet net-zero targets and regenerate the planet’s ecosystems. |  | Pre-Seed | Nov 08, 2022 |  |
| AMILI | AMILI develops diagnostic tests, predictive algorithms, and microbiome-modifying interventions. They also offer probiotics and diagnostic tests based on their own microbiome database. They also provide faecal microbiota transplants to aid in the treatment of bacterial infections. | $10.5M | Series A | Jun 15, 2022 |  |
| FoodMarketHub | Food Market Hub offers a digital platform to connect restaurants to their suppliers to achieve better food costs and consolidate backend operations. We aim to simplify F&B outlets' most painful back-office processes through an ecosystem play and to provide access to a competitive financing solution. | $8.5M | Series A | Dec 02, 2021 |  |

5 of 5 investments shown.

## Co-investors
- [Openspace Capital](https://shizune.co/investors/profile/openspace-ventures) — VC Fund, 2 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 1 deal together
- [AC Ventures](https://shizune.co/investors/profile/acventures) — VC Fund, 1 deal together
- [Blue7](https://shizune.co/investors/profile/blue7) — VC Fund, 1 deal together
- [East Ventures](https://shizune.co/investors/profile/east-ventures) — VC Fund, 1 deal together
- [Emtek Group](https://shizune.co/investors/profile/emtek-group) — VC Fund, 1 deal together

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## FAQ

### What does Capital Code invest in?

Capital Code invests primarily in Food and Beverage, Fitness and Forestry startups, most often at Series A and Seed stage. Most of the 5 investments tracked by Shizune back companies in Singapore. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Capital Code's check size?

Capital Code typically joins rounds of $3.5M–$11M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Capital Code participates in.

### When did Capital Code last invest?

The most recent investment recorded for Capital Code closed in Jul 2025. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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