BANSEA was established in 2001 by Dr. Poh Kam Wong, Professor and Director of the
NUS Entrepreneurship Centre, and has been financially supported by
SPRING Singapore since 2007. BANSEA maintains close relationships with the NUS Entrepreneurship Centre and the National Research Foundation, The SPRING Seeds program by
SPRING Singapore was the result of consultation between the government and BANSEA leadership. In 2009, BANSEA announced a strategic alliance with the Angel Association of
New Zealand. In 2013, BANSEA signed a collaboration agreement with the European Trade Association for Business Angels (EBAN) to foster cross-border investment, dissemination of initiatives, exchange of best practices and a close collaboration for future projects. In 2016, BANSEA launched the BANSEA One fund, pooling capital from angel investors to invest in startups. It is also a co-founding member of the ASEAN Angel Alliance (AAA) (now known as
ASEAN Business Angel Alliance (ABAA)) and joined the Global Business Angels Network, which allows angel investors to expand their network around the world. In 2017, BANSEA announced it had signed a memorandum of understanding with
Action Community for Entrepreneurship (ACE) to grow investment opportunities, growth and market access for startups and angel investors in Southeast Asia. In 2018, BANSEA inked an agreement with
Platform E to nurture angel investors and startups, as well as launched the BANSEA Two fund, pooling capital from angel investors to invest in startups following the success of the BANSEA One fund. == Investments ==