Participated · Series B · Jun 2024

M2X Energy develops modular, transportable gas-to-liquids systems that economically produce low-carbon methanol from stranded methane using a patented, non-catalytic partial-oxidation engine reformer and integrated methanol synthesis loop. The company’s fuel-flexible process accepts a variety of methane-rich feedstocks, including biogas from landfills, anaerobic digestors, and wastewater treatment plants, enabling production of biomethanol that aligns with regulatory certification schemes. M2X has completed multiple field deployments that de-risked its technology and demonstrated a manufacturing-led approach—replacing traditional economies of scale with mass manufacturing and automation. The company has established 10,000 square feet of turnkey manufacturing space, initiated equipment orders, and is accelerating go-to-market and fleet expansion. M2X plans to deploy its first commercial systems and deliver low-carbon methanol under long-term offtake agreements in early 2025. The company seeks to supply maritime, chemical, manufacturing, and industrial partners with long-term contracts to displace higher-carbon fuels and feedstocks. M2X is based in Rockledge, Florida and is led by its original founding team of engineering PhDs and industry experts.

Participated · Series B · May 2020

Founded in 2015, Validus operates a vertically integrated lending platform that combines supply-chain financing, proprietary credit analytics and institutional capital to extend credit to underserved SMEs across Southeast Asia. The company partners with regional and international banks as well as large corporates to originate and distribute loans. To date, it states that it has disbursed more than US$5 billion in financing and that its Indonesia business has been profitable for the past three years. After divesting its Singapore operations to GXS Bank in April, Validus is concentrating on Indonesia and Thailand, markets it sizes at a combined US$46 billion for supply-chain financing. The firm plans to use fresh capital to scale operations and grow its loan book, projecting a doubling of loan volumes over the next three years. Management believes its integrated model and data-driven credit underwriting position it to drive greater financial inclusion for SMEs. The company’s long-term vision is to deepen its regional presence while maintaining profitability in key markets.

Participated · Series C · Jul 2019

Ralali is an Indonesian B2B marketplace. The article identifies the company as a marketplace serving business customers in Indonesia. Ralali has raised an additional $2 million into its Series D funding round. The new tranche was invested by Singapore-based ACA Investments. The funding was disclosed via ACRA filings and reported by DealStreetAsia (DATA VANTAGE). The article does not disclose other financial details, operating metrics, or future plans. Ralali operates a B2B marketplace that connects around 12,000 suppliers with more than 500,000 MSMEs across Indonesia. The platform provides fulfilment and financing solutions for MSMEs, including micro‑lending and terms‑of‑payment programs that have helped over 1,500 enterprises. Ralali reported growing its gross merchandise value fivefold in 2018 and said it is on track to register three- to fourfold growth across 25 cities this year. The company will use its new funding to expand its technology capacity and grow its team to support more small businesses. Ralali also plans regional expansion, citing an intended entry into Thailand through a partnership with Siam Cement Group (parent of investor AddVentures). The company was founded in 2013 and focuses on enabling Indonesian MSMEs to scale and sustain their businesses.

Participated · Series B · Feb 2019

Validus Capital is a Singapore-based SME financing platform. The company operates in the small and medium-sized enterprise financing space. According to the article, Validus received a $20 million equity investment from 01Fintech. 01Fintech is described as a Southeast Asian growth-stage fintech fund started by Ant Group’s former global investment chief. The article does not provide details on Validus’s product roadmap, operating metrics, valuation, or additional investors. Validus Capital is a Singapore-based SME lender that operates a P2P lending platform pairing small and medium enterprises with individual and institutional lenders. Founded in 2015, the firm focuses on growth capital for brick-and-mortar SMEs, with an average loan size of SG$70,000 (US$52,000) in Singapore and has paid out SG$180 million (US$134 million) in loans since obtaining its license in December 2017. Validus works with an insurance firm to underwrite loans and uses a cluster model and partnerships with procurement platforms to originate loans at points of need such as after winning major contracts. The company plans regional expansion — targeting Indonesia by Q2 and Vietnam later in the year — and already maintains a team of nearly 20 in Jakarta that is expected to roughly double once it secures the required license. Proceeds from the SG$20.5M (US$15.2M) Series B will fund that geographic expansion and technology development, including its credit-risk algorithm and APIs to integrate third-party data. Validus emphasizes a mixed on- and offline origination strategy, citing retail partnerships and offline touchpoints as necessary outside Singapore despite aiming for tech-oriented origination. Validus Capital is a Singapore-based online fintech marketplace serving small and medium enterprises (SMEs). The platform operates a digital marketplace that facilitates financing for SMEs. The company has secured a $3 million Series A investment from Vertex Ventures. Validus said it will use the Series A cash infusion to fund technology initiatives and to enter new geographies across the region. The article does not provide operating metrics or prior funding details.

Participated · Series A · Nov 2017

Giztix is a Thai logistics startup operating in the logistics sector. The company has raised $10 million in a Series B funding round. The round was co-led by WHA Group and Bualuang Ventures. WHA Group is a logistics and industrial facilities firm. Bualuang Ventures is the corporate VC arm of Bangkok Bank. GIZTIX operates as a logistics marketplace. The company is positioned to grow its revenue and scale operations. It closed a $1.65 million Series A funding round to support that expansion. Investors in the round include AddVentures, Wavemaker and 500 Tuktuks. AddVentures is the venture capital arm of Thai industrial conglomerate SCG.