Participated · Seed · Jan 2023

Mayani is a Philippine-based B2B agritech innovator operating a multi-point value‑chain platform that links over 144,000 organised smallholder farmers and fisherfolk to B2B buyers. The company provides ancillary agro-services including quality agricultural inputs and rural financial inclusion to boost yields and climate resilience. Mayani reported over three times revenue growth in the same fiscal year and positive margins, indicating strong fundamentals. In 2023 Mayani closed a $1.7M seed round led by AgFunder. The recent strategic partnership with Ninjacart will bring capital plus supply‑chain technology, source traceability and inventory management to improve interoperability, predictive modelling and efficiency. The partnership is intended to support Mayani’s expansion and to jointly build an integrated Asian agri‑food supply chain to accelerate digital innovations across the region. Mayani operates an e-commerce marketplace listing a variety of agricultural produce—including seafood, vegetables, poultry, coffee, and fruits—for both consumers and businesses. Its B2B business, focused on fish, is the core revenue generator and supplies sustainably produced fish to about 500 food service providers, international hotels, food processors and other institutional buyers. The platform works with roughly 139,000 small-scale farmers and fisherfolk and aims to bridge recurring institutional demand with fragmented supply. The company has used recent seed funding to expand supply-chain operations, grow its team, and set up a farmer engagement division to enlarge its farmer footprint. Mayani plans to unlock adjacent services for its producer base such as input provision and trade credit to boost rural incomes and strengthen its ecosystem role. The founders say the long-term goal is to drive digital transformation in the Philippines’ agri-fisheries sector and contribute to national GDP growth.

Participated · Seed · Jul 2022

Packworks offers a B2B fast-moving consumer goods (FMCG) marketplace and a suite of digital tools tailored to sari-sari stores and the wider supply chain. Its product suite includes the Sari.PH Pro app (pricing tools, inventory management, sales and revenue tracking, and access to working capital loans) and Sari IQ, a business intelligence tool using real-time and historical consumer expenditure data. The company has expanded into a comprehensive platform serving small store owners through to wholesalers, distributors, and FMCG partners. Founded in 2018 and headquartered in the Philippines, Packworks aims to improve efficiency and profitability for neighborhood retailers. In July 2024 the company secured PHP 3.5M (approximately $60,000) in funding from the Department of Science and Technology through the PCIEERD Startup Grant Fund. Packworks will use the funding to develop an AI-powered precision marketing model to deliver customized product and promotion recommendations to sari-sari stores. Packworks provides a mobile ERP platform called The Pack: SuperStore app that helps sari-sari owners manage inventory, bookkeeping, data collection, supply ordering and access to financial products and e-payments. The app is designed for low bandwidth use and aims to lower costs for store owners by offering cheaper supplies and reduced interest costs. The startup plans to expand The Pack into a broader super app by increasing platform offerings, optimizing store operations, enabling funding access, and building an open platform for financial institutions and brands. It also intends to create a department to engage sari-sari stores and provide additional partner services. Packworks says it has onboarded 150,000 stores with an estimated 9,000 SKUs and targets 220,000 stores by the end of 2022 and roughly 500,000–550,000 stores by the end of 2023. Financially, the company says this year is pivotal as it shifts revenue from project billing with partners to performance billing to capture transactional value from its store network.

Participated · Series A · Oct 2016

Coins operates a blockchain-enabled mobile payments platform headquartered in Manila, Philippines, led by CEO Ron Hose. The platform enables users — including those without bank accounts — to access remittances, airtime top-ups, e-commerce and P2P payments directly from mobile phones. Coins has signed up over one million customers, primarily in the Philippines and Thailand. The company plans to use new capital to accelerate regional growth and to establish additional cash-based services and partnerships. James Caviness of PayU joined Coins' board in conjunction with the funding. The articles report the company expanded its Series A financing to support these growth initiatives. Coins is a mobile-first, branchless, blockchain-based platform that provides consumers in the Philippines and Thailand with direct access to basic financial services such as remittances, bill payments and mobile airtime. The company partners with banks, financial institutions and last-mile retail outlets and operates a network of over 22,000 cash disbursement and collection locations in the Philippines alone. Coins was founded in early 2014 by CEO Ron Hose and CTO Runar Petursson. It raised a US$5M Series A to fund expansion. The company intends to use the funds to expand access to basic financial services for unbanked individuals in the Philippines and throughout Southeast Asia. The platform emphasizes branchless, mobile-first access and leverages blockchain technology to deliver payments and remittance services.