• Cowboy

  Led · Equity · Sep 2024

  Cowboy is a Brussels-based e-bike manufacturer best known for its digitally connected urban bicycles that integrate proprietary software, data-driven features and over-the-air updates. The company serves a community of more than 80,000 riders and maintains in-house design, engineering and software teams to iterate on its award-winning hardware-software platform. Following recent operational challenges, Cowboy is partnering with French mobility group ReBirth to leverage its industrial capacity, supply-chain reach and 95 Oxygen/10 Ovelo stores plus 500 independent dealers in France. Production will restart at ReBirth’s French assembly site with a plan to build over 1,500 bikes in January and significantly scale capacity through 2026. The integration is expected to shorten lead times, improve quality control and bolster after-sales support while keeping Cowboy’s brand and R&D independent. Financially, the company has restructured its balance sheet, converted legacy obligations to equity, and secured fresh funding to stabilise operations. These measures aim to restore delivery reliability, expand retail presence—especially in France, currently its fourth-largest market—and move the business toward sustainable profitability.

• Kargo Technologies

  Participated · Series A · Jul 2024

  Kargo Technologies operates a logistics marketplace that connects shippers and transportation providers across multiple modes (land, sea, air). The platform says it has more than 8,000 transportation networks across domestic and international markets, including over 15,000 truck-network listings and 1,500 trusted drivers. Kargo reports being used by more than 200 companies, including Orang Tua, Unilever, Nestle, Kino, and Danone. The company was founded in 2018 by CEO Tiger Fang and CTO Yodi Aditya. Management has described current penetration as roughly 1% of the total Indonesian logistics opportunity, which they estimate at a $250 billion market. The profile and metrics suggest the business is focused on expanding network density and customer adoption across Indonesia and beyond. Kargo runs a truck-hailing platform that aggregates Indonesia's fragmented haulage providers into a single online marketplace, enabling shippers to find nearby trucks with cargo space. The platform sources backhaul loads to reduce empty returns, helping trucks maximize revenue and distribute costs more efficiently. Users can track goods in real time via Kargo's app and website, improving traceability and accountability across routes. Indonesia's logistics market presents scale: close to seven million lorries operate across the archipelago and most hauliers run very small fleets, creating demand for digital aggregation. Kargo has secured an undisclosed investment from Amatil X and previously raised $7.6 million in seed capital in March 2019 from Sequoia Capital and 10100 Fund. The company is working with Coca-Cola Amatil to build out a transportation management system and already handles two land transportation routes for the bottler, with a joint team based at Cibitung to identify further collaboration.

• Floadia

  Participated · Series D · Oct 2023

  Floadia develops and licenses embedded non-volatile flash memory IP cores used in microcontrollers, power semiconductors, sensors and other chips. Its technology reportedly consumes only 1/1,000,000 of the power required to write and erase data versus competitors, offers strong high-temperature tolerance, and adds only one-third of the additional integration cost. Its first flash IP, “G1,” is deployed in automotive microcontrollers by domestic semiconductor manufacturers and has been adopted by a Taiwanese foundry for smartphone components. Founded in 2011 by engineers with long experience at Hitachi and Renesas, the company focuses on ultra-low-power memory technology. Floadia plans to use the new funding to strengthen sales of its embedded flash IP to semiconductor manufacturers and to advance development of ultra-low-power AI accelerator chips that utilize its flash memory devices. The company has raised a cumulative total of approximately ¥4.95 billion to date. Floadia develops embedded non-volatile memory IP and the associated manufacturing processes and circuit designs that enable integration into microcontrollers, power semiconductors, sensors and other semiconductor devices. Its memories reduce power consumption and cost, offer auto-grade heat endurance, and can be embedded without changing existing IP designs to ease analog/digital integration. Floadia's technology has been adopted in in-vehicle microcomputers and Toshiba microcontrollers and is used for smartphone components produced by Taiwanese foundries. The company is working with major foundries to transplant its technology onto the 130nm BCD Plus platform and planned mass production from early 2021. Founded in 2011 by engineers who left Renesas Electronics, Floadia is based in Kodaira-shi, Tokyo. Financially, the company raised approximately ¥1.2 billion in its Series C and has raised about ¥3.6 billion in total to date. Floadia Corporation develops embedded flash memory IP, licensing manufacturing process know-how and circuit designs for embedded non-volatile memory production. Founded in 2011 by engineers from Renesas Electronics and led by President Kosuke Okuyama, the company is based in Tokyo, Japan. Its core product is embedded flash memory IP intended for integration into semiconductor manufacturing. Floadia plans to use the new funds to expand its embedded flash IP business into automotive, low-cost IoT and mobile device markets. Financially, the company closed a ¥1.6 billion (approx. US$14.5M) Series B and had previously raised ¥800 million (US$7.3M) in a 2015 Series A. The business model centers on licensing IP to enable customers to produce embedded non-volatile memory.

• Circular Energy

  Participated · Series A · Jun 2013

  Circular Energy is a solar design and installation firm that provides alternative energy solutions to homeowners, businesses, national architects and commercial builders. Led by CEO JC Shore, the company develops a proprietary software solution called CURB, Inc. It aims to help customers reduce costs and dependence on the grid. The company plans to use new funding to expand geographically, invest in back-office workflow automation and further develop CURB. The financing is structured as part equity and part royalty debt. Backers include Dallas-based Cypress Capital and other private investors.

No current team members are available.