top of page
SURF logo - black.png

Startup Royalty Fund (SURF)
Click here: SEEDX Order Book


Disclaimer:  Information provided is for reference only.  It is not financial advice nor a solicitation for investments.


SURF is a fund that invests into cashflow businesses such as Professional Services, Aesthetics and F&B.  It enjoys 2 revenue streams: (1) monthly royalty and (2) capital gains.

Historical dividend payout results are displayed here (within 30 days of each month end).


Frequently Asked Questions

  1. What is SURF's investment strategy?

    • "Buy very low, sell normal" instead of "buy low, sell high". 

    • SURF receives fire-sale deals from its strategic partners such as Institutes of Higher Learning, business associations and accounting firms.

  2. How does SURF benefit investees?

    • Investees gain access to invaluable resources such as funding, expertise and strategic connections

  3. What type of investees, how many and cheque sizes?

    • SURF targets scalable businesses with track records of strong cashflow. 

    • It envisions 30 and 55 investees by the end of 2024 and 2025 respectively.  

    • Its cheque sizes are typically 5 to 6 digits.

  4. How stable are the returns?

    • SURF bets on cashflow businesses with proven abilities to generate income; some of them have been in business for >10 years. 

    • Its income is expected to grow as (1) more portcos are added and as (2) each of their sales increase.

  5. Why the range of 4% - 15%?

    • SURF enjoys multiple income streams such as royalties, commissions and capital gains to enable it to provide up to 15% p.a. to investors.  

    • It is expected to produce an ROI of >10% in its inaugural year

  6. How do shareholders exit?

  7. I am keen to find out more.  

    • Please leave us a message at and we'll get back to you within 2 working days.

      * average monthly IRR performance of previous fund "VDF1" from 2020 to 2023

SURF Infographic 061123 copy.jpg
bottom of page