Led · Equity · Nov 2025

Berlin-based Vay has developed a "remote driving" platform that lets human operators steer electric rental cars to and from customers, eliminating the need for renters to find parking. The service, which Vay says is roughly half the cost of ride-hailing, is commercially live in Las Vegas as of January 2024 and awaiting full regulatory clearance in Germany. Beyond consumer rentals, the company has expanded into commercial and B2B offerings and struck a partnership with self-driving truck developer Kodiak Robotics. Vay positions its data collection and hybrid human/AI approach as complementary to future autonomous-vehicle services and aims to scale into a global remote driving platform. Planned U.S. expansion is a top priority, with growth metrics such as city coverage, regulatory approvals and consumer revenue tied to incoming funding milestones. Prior to the latest deal, the startup had raised $131.8 million from backers including Kinnevik, Coatue, Eurazeo, Atomico, General Catalyst, Creandum and the European Investment Bank.

Participated · Series A · Aug 2025

Vulcan Elements develops and manufactures rare-earth magnets and is positioning Johnston County, North Carolina, as a production hub. The company plans a new factory in Johnston County that is projected to create approximately 1,000 jobs. It raised $430 million in financing to support that expansion. The project has drawn notable backing from the Trump administration. The articles do not disclose revenue, user metrics, founding year, or other financial details.

Participated · Equity · Jul 2024

Superbank is an Indonesian digital banking player that offers digital banking services and product offerings. The company secured an additional investment of 1.2 trillion rupiah (about $73.2 million) from its shareholders Grab, Singtel and KakaoBank. The funding is intended to support Superbank’s services and product innovations. The article identifies Grab, Singtel and KakaoBank as existing shareholders participating in the injection. No further operating metrics or detailed financial terms were disclosed in the article.

Led · Equity · Jun 2024

GXS Bank is a digital bank launched in August 2022 that offers savings accounts and flexible lending products. Its savings account supports deposits up to S$75,000 with no minimum balance or lock‑in, paying 2.68% for Saving Pockets and 2.38% for the main account. The bank also offers the GXS FlexiLoan, a product combining a credit line and personal installment loan that allows partial or full early repayments without penalties and multiple drawdowns without repeated underwriting. Financially, GXS Bank reported a sixfold increase in net interest income for the year but still saw losses widen 59% for the year ended 31 December 2023. The loss grew to S$208.2 million in 2023 from S$131.1 million in 2022. The bank continues to be capitalized by its parent companies as it scales product offerings.

Participated · Series D · May 2020

Founded in Singapore in 2014 as a last-mile express logistics company, Ninja Van has grown into a tech-enabled regional e-commerce logistics provider. The company connects over 1.5 million active shippers to nearly 100 million recipients across Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines. It employs more than 61,000 staff and delivery personnel and handles around 2 million parcels a day across the region. Ninja Van said it will invest its fresh funds to build infrastructure and its technology platform, including creating micro-supply-chain solutions to help Southeast Asian businesses optimize e-commerce. The company raised $578 million in its latest funding round, making it Singapore’s newest unicorn and marking its largest fundraising since inception. Bloomberg reported the round will lift Ninja Van’s valuation above $1 billion and that the company is preparing for an initial public offering as soon as next year; Ninja Van declined to comment on the valuation. Ninja Van operates an e-commerce parcel delivery network across Singapore, Malaysia, the Philippines, Indonesia, Thailand, and Vietnam. The company claims it delivers more than a million packages and works with major merchants including Shopee, Lazada and Tokopedia. It is a six-year-old, Singapore-based startup. Ninja Van secured an additional $279 million in a Series D, bringing total capital raised to about $400 million to date. An analysis tied to this round suggests a valuation of about $750 million. The company said it will use the fresh capital to push further into the business-to-business sector and to grow its other existing services. Ninja Van is a Singapore-based, technology-enabled last-mile logistics operator that provides delivery solutions to businesses of all sizes. Launched in 2014 by Lai Chang Wen, the company began operations in Singapore offering parcel tracking, real-time updates and alternative pickup points. It has expanded its network across Southeast Asia and now operates parcel delivery networks in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. In January 2018 Ninja Van raised US$87m in a Series C financing. Backers included DPDgroup, ACE Capital and other investors. The company intends to use the funds to improve its technology and operational capabilities. Ninja Van is a Singapore-based last-mile logistics provider offering a plug-and-play, cloud-powered delivery platform for e-commerce companies across Southeast Asia. It operates a primary fleet in each city augmented by a crowdsourced reserve fleet supplied by taxi drivers, the public, and partner startups, and offers its fleet management system to partners in exchange for surge capacity. The company is currently active in Singapore, Malaysia, Indonesia and Vietnam, serving about 3,000 customers (including Lazada and Zalora) and completing roughly 15,000 deliveries per day. Management says the firm is profitable in some large cities. With $30 million in new Series B funding, Ninja Van plans to expand into Thailand and the Philippines before August and to push beyond tier-one cities into tier-two and tier-three locations. The financing will also support development of specialized services—cash-on-delivery, deliveries to out-of-reach places, and economically-priced options—to help broader e-commerce growth across the region. The company views Abraaj's regional network as a strategic asset to help open partnerships and markets.