• Smarter Health

  Participated · Series A · Jan 2022

  Smarter Health develops AI-based technology that enables secure, consented data exchanges between healthcare providers, insurers and patients, integrating with rather than replacing legacy systems. Its platform offers a roster of services for payors and insurers, including a patient concierge that recommends specialists, schedules appointments, creates demographic profiles, automates claims assessments, updates insurers about cases, and speeds bill and claims adjudication. For healthcare organizations and providers it provides specialist recommendations, patient registration tools, load-levelling to shorten waiting times, and digitized hospital admissions and claim submissions. The company serves three main customer categories: doctors, hospitals, and insurers and corporate payors such as AIA, Allianz and Prudential, which make up the bulk of its business. Smarter Health currently operates in Singapore, Malaysia and Indonesia and plans to enter new countries in Southeast Asia with the new funding. The startup raised a $5.15M SGD (about $3.8M USD) Series A led by East Ventures to fund product development and regional expansion, bringing total funding to $8M SGD.

• Fuse

  Participated · Series B · Dec 2021

  Fuse connects insurance companies with multiple distribution channels and partners to make insurance services accessible and affordable through its technology. The company offers an agent-focused B2A service through the Fuse Pro mobile app, and also provides B2C and B2B2C microinsurance products distributed via partnerships with e-commerce channels like Tokopedia. Launched in 2017, Fuse says it has more than 60,000 marketers/agent partners using Fuse Pro, works with over 40 insurance companies offering 300+ products, and employs more than 460 people with branch offices in Indonesia, Vietnam and China. The company exceeded $70 million in gross written premium in the first three quarters of 2021 and claims the largest GWP in Indonesia and Southeast Asia. Fuse plans to expand further across Southeast Asia, targeting additional countries including Thailand and Vietnam. Management cites the region's growing digitally savvy middle class and increased internet connectivity as key growth tailwinds for digital insurance adoption.

• Bukalapak

  Led · Equity · Apr 2021

  Bukalapak operates an e-commerce marketplace serving merchants and customers across Indonesia. Launched in 2010, the company claims more than 100 million users and was last valued at US$2.5 billion in 2019. The business recently raised US$234 million in a fresh funding round led by Microsoft, GIC and Emtek, with SC Ventures, Naver and BRI Ventures also participating. BRI Ventures’ strategic investment enables its parent, Bank BRI, to offer digital banking and lending products to merchants and customers on the Bukalapak platform. Bukalapak has engaged Mandiri Sekuritas to assist with a planned listing in Indonesia and has said it would look to merge with a US SPAC should that local listing materialize. Founded in 2010 and valued at about $1 billion, Bukalapak operates a large Indonesian marketplace offering consumer retail and services. The platform claims roughly two million orders per day and 50 million registered users. Its seller ecosystem covers products from four million SMEs, 500,000 kiosk (warung) vendors and 700,000 independent micro-businesses. Bukalapak has pushed partnerships with local warung kiosks to differentiate from competitors and deepen offline-to-online reach. Beyond its core marketplace, the company also offers streaming and fintech products. It plans to grow opportunities for SME retail partners and build out its technology platform, including digital services such as insurance and a mobile wallet.

• PropertyGuru Group

  Participated · Series D · Nov 2018

  PropertyGuru Group operates online real-estate marketplaces across Southeast Asia, with presence in Singapore, Vietnam, Thailand, Malaysia and Indonesia. Launched in 2007 and based in Singapore, the company helps users search for property listings and related services. Management says it is building a Southeast Asia property trust platform and plans further investment in a new mortgage marketplace and enhanced data capabilities. The company previously pursued an Australia IPO but cancelled the listing last year due to market volatility. Following the cancelled IPO, existing investors KKR and TPG Capital provided additional funding to support the company’s strategic initiatives. The article does not disclose revenue or user metrics. PropertyGuru Group is a Singapore-based property technology group founded in 2007 and led by CEO Hari V. Krishnan. It operates consumer and agent-facing portals across five Southeast Asian markets: PropertyGuru in Singapore and Malaysia, DDproperty.com in Thailand, Rumah.com in Indonesia and Batdongsan.com.vn in Vietnam. The company's core product is online property marketplaces and related technology solutions for home seekers, real estate agents and property developers. PropertyGuru intends to use its latest funding to accelerate leadership in the region through the full consolidation of Vietnam's No.1 portal Batdongsan.com.vn into the group and further investments in technology and product solutions. Batdongsan.com.vn contributes significant scale, with over 4 million monthly property seekers, roughly 70 million page views and more than 1 million new property listings added every month. The company raised S$200m (approximately US$145m) in Series D financing to support these plans. PropertyGuru is an online property portal group that operates consumer and classifieds sites across Singapore, Malaysia, Thailand and Indonesia. The platform is used by more than 11 million property buyers and generates over 500,000 enquiries for developer and agent advertisers every month. Founded in 2006 by Steve Melhuish, the company runs local sites including PropertyGuru.com.sg, PropertyGuru.com.my, DDProperty.com and Rumah.com. In 2015 the business received a S$175m investment to support product innovation, marketing and further expansion across the region. The funding round also prompted a strategic exit by previous minority shareholder Scout24. Company leadership and its regional footprint position it to scale services to developers, agents and buyers across Southeast Asia. PropertyGuru is Asia's leading property portal group with a presence in nine countries directly and via partners. Its websites are used by 8.2 million buyers who view over 65 million property pages and generate over 200,000 sales enquiries every month. In Singapore, PropertyGuru and CommercialGuru account for 85% of portal page views and have more than double the user views of competitors. The company employs 240 "Gurus" across six offices in Singapore, Thailand, Malaysia and Indonesia and reported double revenue and traffic growth over the previous year. The core product is an online property marketplace and related services to help clients find and advertise properties. The strategic investment from ImmobilienScout24 is intended to strengthen its market position, support continued innovation and regional expansion, and provide access to additional talent and expert resources through close cooperation.

No current team members are available.