Participated · Series D · Mar 2026

Amity Solutions develops enterprise software and industry-specific (“vertical”) AI models and is investing in agentic AI systems to automate business processes for sectors such as retail and telecom. The company is expanding its AI Research & Application Center (ARAC) with a new hub in Singapore to centralize AI research, product development and deployment. Amity reported annualised revenue surpassed $100 million in 2025, having grown more than tenfold since 2022, and said over 75% of its EBITDA is generated from its European operations. Management is targeting $200 million in annualised revenue by 2026 and preparing for an initial public offering in 2027. The company plans to use recent funding for product and capability expansion, acquisitions, go-to-market scaling and hiring. Past financing includes a combined $60 million Series C in 2024, a Series B around $19 million in 2018 and a $5.7 million Series A in 2015.

Participated · Equity · Mar 2026

Carsome operates an integrated car e-commerce platform providing end-to-end services spanning the vehicle ownership journey through subsidiary brands such as iCar Asia, WapCar, CarTimes, Carsome Academy, and Carsome Capital. It operates across Malaysia, Indonesia, Thailand, and Singapore, with Malaysia and Singapore currently contributing most to profitability. In FY2025 the company posted its second consecutive year of positive EBITDA, more than doubled earnings to around $23 million, and achieved a 16% increase in gross profit as it sharpened cost discipline and monetisation. Carsome plans to use recent funding to scale operations regionally while maintaining a focus on sustainable, profitable growth. The company is prioritising initiatives in supply chain development and technology collaboration, including integrating data and artificial intelligence into its operations. Management describes the fundraising as reinforcing strategic alignment with investors and supporting cross-border collaboration between Southeast Asia and Greater China.

Led · Equity · Jan 2026

SCI Ecommerce operates in the ecommerce sector and has been strengthening its technology capabilities through acquisitions and leadership changes. The company booked a profit of $34.7 million in 2023, a ten-fold increase over the prior year, on revenue of $492 million, which grew 2.8%. Operating cash flow for 2023 was negative $51.18 million, an improvement of 322% year-on-year. In June 2025, former Lazada executive Magnus Ekbom was appointed Group CEO, replacing founder Joseph Liu, and SCI Ecommerce simultaneously acquired Ekbom’s AI startup SEAI Technologies. Earlier reports indicated that the firm had been preparing for an IPO targeted for mid-2025, though the listing did not occur last year. Asia Partners has steadily increased its ownership and is now the largest shareholder, signalling strong investor confidence. The company continues to position itself for public-market readiness through governance, technology upgrades and capital raises.

Led · Series C · Nov 2025

Founded in 2015 and led by CEO Nicolas Faquet, Roojai began as an online motor-insurance provider in Thailand and has evolved into a full-stack digital insurer. Its platform lets customers obtain tailored quotes, adjust coverage, submit claims and manage payments entirely online. Roojai now offers motor, health, personal-accident and travel policies, including products specifically designed for electric vehicles and safe drivers. The company operates through several entities: Roojai Insurance (Thailand), Roojai Indonesia, MrKumka (a Thai comparison broker) and Lifepal (an Indonesian comparison site acquired in 2022). In 2023 it bought FWD General Insurance Thailand, rebranding it to Roojai Insurance in 2024, cementing its full-stack capability. Future plans include expanding its Thai footprint, scaling Indonesian operations and pursuing additional M&A opportunities. While no revenue or user figures were disclosed, the company emphasizes disciplined growth and product innovation to extend fair, straightforward insurance across Southeast Asia.

Participated · Equity · Apr 2024

RedDoorz operates a network of budget hotels. Recent regulatory filings show the company issued shares worth $28.2 million to convertible note holders. The issuance converted outstanding convertible notes into equity shares. Named recipients included Asia Partners, Jungle Ventures, Mirae Asset‑Naver Asia Growth Fund, SIG Venture Capital and others. The filings did not disclose operating metrics or further strategic details. RedDoorz operates a marketplace selling access to budget hotels (two-star, three-star and below) across Southeast Asia. The four-year-old, Singapore-based startup currently has 1,400 hotels on its network and plans to grow to 2,000 by year-end. It operates in 80 cities across Indonesia, Singapore, the Philippines and Vietnam and says it will focus expansion within those four markets for at least the next year. RedDoorz recently raised follow-on funding and plans to use capital to expand its hotel network and broaden its technology infrastructure, including building a second engineering hub in Vietnam (its regional tech hub is based in India). CEO Amit Saberwal, a former MakeMyTrip executive, frames the growth as necessary to compete with larger rivals like Oyo and to scale the business toward eventual public listing. RedDoorz operates a branded network of budget hotels across Southeast Asia, standardizing guesthouse-style rooms under the RedDoorz brand to guarantee basics like clean sheets, towels, internet and breakfast. The platform lets small hotel owners access bookings via RedDoorz’s website and Android app while the company also manages leased properties where it runs day-to-day operations. Technology is developed out of India and includes an AI-based dynamic pricing system to help owners set rates by demand, inventory and time of day. The three-year-old company claims about 500 properties in Indonesia and a total of 3,000 rooms across 16 cities, with roughly 80% of bookings made within 72 hours and 65–70% from returning customers. RedDoorz began in Indonesia and has expanded into the Philippines and Singapore (including a leased property in Marine Parade) and plans to go deeper in existing markets and enter Thailand. The company has signaled interest in M&A opportunities and is bringing on senior hires to be "Series B ready." RedDoorz operates an online booking platform focused on budget hotels. The company is based in Singapore. The article reports a recent financing event in which RedDoorz raised $1 million in venture debt. The debt was provided by InnoVen Capital. InnoVen Capital is described as a venture lending firm backed by Temasek Holdings and United Overseas Bank. The article does not disclose additional operational metrics, revenue figures, or future plans. RedDoorz partners with hotels and guest houses to resell rooms while promising a consistent 'RedDoorz approved' stay. The offering emphasizes standard amenities such as free WiFi, satellite TV and quality linen, plus a concierge service and 24-hour customer assistance. The service is mobile-first, with about 70% of bookings coming from mobile devices. The company launched in Indonesia in July 2015 and had expanded to around 200 properties across the country. TechCrunch reports RedDoorz raised SG$2 million (around $1.4 million) in fresh funding described as pre-Series A. CEO and founder Amit Saberwal (formerly chief product officer at MakeMyTrip) said the company will use the funding to expand into Thailand, Malaysia and the Philippines and is exploring Singapore; the article contrasts RedDoorz's standardization focus with competitors and alternatives like OYO Rooms, Zenrooms, Nida Rooms and Airbnb.