Led · Seed · Jun 2023

Slice Group is a Jakarta, Indonesia-based developer of creator management tools for the creator economy. Led by CEO Jesse Bouman and COO Nesha Hanzdima, the company offers an integrated CRM platform that helps agencies and brands manage creator relationships, simplifying reporting, payments, and relationship management for sponsored content. Features include automated reporting, creator discovery, and payment distribution, and the platform aims to help creators unlock brand deals, transition to full-time creators, and launch their own brands. The company raised US$645K in a Seed funding round led by Intudo Ventures and Arise to refine its product offerings, accelerate platform development, drive sales, and enhance recruitment efforts. Slice plans to build embedded finance features such as invoice financing for agencies and a digital wallet to facilitate payments and track transaction history for brands, agencies, and creators. The funds will be used to accelerate product and go-to-market initiatives while expanding the team.

Participated · Seed · Jul 2022

Packworks offers a B2B fast-moving consumer goods (FMCG) marketplace and a suite of digital tools tailored to sari-sari stores and the wider supply chain. Its product suite includes the Sari.PH Pro app (pricing tools, inventory management, sales and revenue tracking, and access to working capital loans) and Sari IQ, a business intelligence tool using real-time and historical consumer expenditure data. The company has expanded into a comprehensive platform serving small store owners through to wholesalers, distributors, and FMCG partners. Founded in 2018 and headquartered in the Philippines, Packworks aims to improve efficiency and profitability for neighborhood retailers. In July 2024 the company secured PHP 3.5M (approximately $60,000) in funding from the Department of Science and Technology through the PCIEERD Startup Grant Fund. Packworks will use the funding to develop an AI-powered precision marketing model to deliver customized product and promotion recommendations to sari-sari stores. Packworks provides a mobile ERP platform called The Pack: SuperStore app that helps sari-sari owners manage inventory, bookkeeping, data collection, supply ordering and access to financial products and e-payments. The app is designed for low bandwidth use and aims to lower costs for store owners by offering cheaper supplies and reduced interest costs. The startup plans to expand The Pack into a broader super app by increasing platform offerings, optimizing store operations, enabling funding access, and building an open platform for financial institutions and brands. It also intends to create a department to engage sari-sari stores and provide additional partner services. Packworks says it has onboarded 150,000 stores with an estimated 9,000 SKUs and targets 220,000 stores by the end of 2022 and roughly 500,000–550,000 stores by the end of 2023. Financially, the company says this year is pivotal as it shifts revenue from project billing with partners to performance billing to capture transactional value from its store network.

Participated · Series A · Mar 2022

Founded in 2021 by Irvan Kolonas and Danny Handoko, AgriAku began as a B2B marketplace linking farmers, small and medium agri-retailers, and suppliers to farming products such as seeds, fertilisers, and pesticides. In recent months the company has narrowed its strategy away from the broader marketplace model toward concentrating on distribution and sale of agricultural inputs, particularly fertiliser products, to capture more predictable economics and demand visibility. AgriAku has undertaken organisational restructuring to support this shift, including reducing headcount by about 20–30% and changes impacting the sales team. Financially, the company has previously raised $35 million in a 2022 Series A and a $5 million extension that year, with total equity fundraising of $46 million reported. The latest convertible note financing of roughly $4–6 million is intended to extend runway as the company executes the business realignment. The company’s shareholder base includes Argor, Unruly Rebels, Alpha JWC Ventures, Irga Spring Corporation, Altrui Investment Management, and MDI Ventures’ funds, among others.

Participated · Seed · Oct 2021

Luwjistik provides a single-API e-logistics platform that standardises cross-border booking, paperwork, payments, and document signing across partner carriers. The platform connects a network of over 30 partners across Singapore, Malaysia, Indonesia, the Philippines, and Thailand, and its clients include DHL eCommerce and YCH Group. The company was founded in July by Syed Ali Ridha Madihid and Wong Yingming to build logistical infrastructure with immediate regional reach through global partners. Luwjistik aims to help customers navigate fragmented cross-border shipping in developing markets by combining co-founders’ industry expertise with technology. The product emphasizes transparency in fees and processes and allows clients to choose service providers that meet their needs. The firm plans to expand local and regional teams in Singapore, Indonesia, and Malaysia and to enhance its platform and reach.