Participated · Series A · Jun 2026

GreatAsic is a fabless IC design firm headquartered in Penang with growing R&D operations in Selangor, specialising in custom ASICs and AI System-on-Chip platforms for data centre, Edge AI and automotive applications. The company focuses on hardware and software co-design and delivers end-to-end silicon realisation backed by a team with multiple full-mask tape-outs and high-volume production experience. Leadership includes founders with senior technical and management roles at Intel, Broadcom, Marvell and StarFive. GreatAsic has obtained Arm Flexible Access and Arm Neoverse Compute Subsystems tokens, with the AFA agreement formalised with the Malaysian Investment Development Authority. The recent US$6.9 million Pre-Series A raise will fund engineering hires, expand operations and accelerate its planned silicon projects. The company positions itself to support Malaysia's National Semiconductor Strategy by advancing local front-end chip design capability.

Participated · Series C · Apr 2026

PolicyStreet operates an embedded insurance platform that integrates protection into digital platforms and everyday transactions, partnering with commerce, gig-economy, mobility, travel, logistics and telecommunications businesses. Over the past nine years it has scaled to serve more than 10 million customers and facilitated over $10 billion in sum insured, while reaching over 50,000 SMEs and serving a sizable share of gig workers. The company reports more than $1 million in profit for FY2025 and has doubled its customer base recently as it expanded regionally. PolicyStreet plans to use new capital to accelerate regional growth, deepen distribution partnerships, enhance technology capabilities and roll out new products for individuals and businesses. By 2030 the company aims to serve 1.5 million gig workers and 300,000 SMEs and MSMEs as it pushes to close protection gaps among underserved populations.

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 · Series A · Sep 2025

RushOwl develops an AI-based dynamic routing algorithm called RushOS that pools trip requests for shared, carbon-efficient journeys. RushOS is designed with readiness for autonomous vehicles and focuses on optimal asset utilization for sustainable ROI. The company’s mobile app, RushTrail, supports 250,000 users; the platform has powered more than 1.5 million rides and manages over 4,000 trips daily. RushOwl currently provides on-demand shuttle services in Singapore, India and Hong Kong (China). It plans to expand into the Philippines, South Korea and Malaysia and to open an R&D centre in Malaysia. RushOwl was founded in 2018 by Shin Ng (CEO), Songyan Ho (CTO) and Kris Lee (COO).

Participated · Equity · Feb 2025

Phase builds a no-code WYSIWYG platform that enables UI/UX and product designers to create fully interactive website and app simulations and export production-ready UI code. The company launched its first product, a UI animation tool positioned against Adobe After Effects and Figma, and says the software can produce complete prototypes that behave like real products. Phase plans to roll out three additional tools — UI advanced prototyping, UI design and UI code export — across this year and next to streamline the end-to-end design workflow. The startup pursued a region-by-region go-to-market, soft-launching in South Korea where it found roughly 10,000 testers within weeks out of an estimated 100,000 designers. After opening a global beta and stabilizing the product, Phase says it is moving out of beta and prioritizing expansion into the U.S. and European markets. The company raised $13 million in funding in the round reported here.