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The Venture Codex

January Capital

78 Shenton Way #07-01A, Singapore, 079120

Overview

January Capital believes that rapid digitalization will continue to occur across all industries over the next decade. This fundamental shift will enable one-of-a-kind possibilities for category-defining enterprises to emerge. They prioritise collaborating with founders who are developing technologies that allow such transformation. They invest from the beginning of a company's life cycle, but they may also provide ongoing assistance. They are looking for firms that were developed in or for the Asia-Pacific area. Analysts anticipate that certain themes will drive economic growth in this region over the next several decades.

Total investments
42
Lead investments
4
Investments · 12mo
9
Active investors
5

Sector focus

  • Financial Services
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Investment portfolio

  • Silicon Box

    Participated · Debt Financing · Jun 2026

    Silicon Box focuses on large-scale chiplet packaging that combines multiple smaller chips into single high-performance packages. The company emerged from stealth in 2021 and was founded by BJ Han, Sehat Sutardja, and Weili Dai, claiming unicorn status in late 2023. It has completed multiple financing rounds, including a $200 million Series B in January 2024, a $150 million Series B2, and $208 million across seed, Series A, and SAFE rounds. In 2024, Silicon Box reported $1.87 million in revenue in the first year of production at its Singapore factory from pre-qualified customers and R&D investments. The company says it intends to scale manufacturing capacity to meet rising customer demand and support customers across AI, high-performance computing, mobile devices, IoT, robotics, and space technology. Its recent S$100 million debt facility is intended to bolster the capital base while limiting shareholder dilution as it expands production.

  • Tazapay

    Participated · Series B · Mar 2026

    Tazapay provides regulated last-mile payment infrastructure built on modern digital settlement rails to enable real-time, capital-efficient cross-border settlement for businesses. The platform targets enterprises, marketplaces, fintechs, neobanks, and web3 companies across high-growth corridors in Asia, LATAM, the Middle East, and the Americas. Tazapay holds licences and registrations across Singapore, Canada, Australia, and the United States and has active licensing applications in the UAE, EU, and Hong Kong. The company reports doubling revenues for three consecutive years and serves over 1,000 enterprises and fintechs across 30 countries, while stating it powers access across 70 markets globally. Future plans highlighted by the company include further licensing expansion, go-to-market acceleration in key corridors, and development of agentic payment infrastructure and a flexible rules engine to support autonomous, AI-driven payment flows.

  • Sleek EV

    Participated · Series A · Feb 2026

    Sleek EV is an IoT-enabled electric motorcycle manufacturer focused on urban mobility and vehicle electrification. Headquartered in Singapore with operations in Thailand, the company integrates hardware, software and charging solutions to support the shift toward sustainable transportation. Its product ecosystem couples electric scooters with the proprietary S-Charge battery-swapping network and accompanying software layer. Fresh capital will fund an expanded production facility in Thailand’s Eastern Economic Corridor, accelerate R&D in software and artificial intelligence, and boost the S-Charge network by more than seven-fold. Sleek EV is also forging deeper collaborations with partners such as PTT OR, Krungsri Auto, Toyota Tsusho and Grab while developing new relationships with dealers and regulators to set industry standards. Long-term, the firm seeks to build a full-stack electric motorcycle ecosystem spanning manufacturing, charging infrastructure and software services. CEO and co-founder Kantinan Tunveenukoon aims for Sleek EV to become Thailand’s leading electric motorcycle brand by the end of 2026. The recent US$8.5 million Series A tranche provides critical resources to execute this expansion.

  • heymax.ai

    Participated · Series A · Jan 2026

    Founded in 2023 by former Meta engineers, HeyMax aggregates fragmented loyalty programmes into a single platform using its proprietary rewards currency, Max Miles. Users can earn points from more than 800 merchants—including Trip.com, Shopee, Starbucks and foodpanda—and redeem them for flights, gift cards or transfers to over 30 airline and hotel programmes. Signature features such as FlyAnywhere and Card Maximiser further simplify booking flights and optimising card rewards. The company has amassed over 150,000 users and now issues more than 500 million Max Miles annually, generating strong revenue and GMV growth. With fresh capital, HeyMax plans to introduce AI-enabled reward experiences and expand beyond Singapore and Hong Kong into Japan, Taiwan and Australia by the end of 2026. Its model addresses the high rate of unredeemed points in Asia-Pacific by providing cross-brand and cross-border interoperability for consumers and partners alike.

  • Hupo

    Participated · Series A · Jan 2026

    Founded in 2022 and headquartered in Singapore, Hupo develops an AI platform that analyzes live customer conversations and delivers in-the-moment coaching to sales teams in highly regulated industries such as banking, insurance, and financial services. The system is trained on sector-specific products, objections, client types, and compliance rules, allowing banks and insurers to give consistent, scalable feedback without managers shadowing every call. The company serves dozens of enterprise customers across APAC and Europe, including Prudential, AXA, Manulife, HSBC, Bank of Ireland, and Grab, and reports that clients typically expand contracts three- to eight-fold within the first six months. Hupo originally launched as Ami, a mental-wellness startup, before pivoting to performance and sales enablement while retaining its focus on behavioral science. The latest funding brings total capital raised to $15 million, which will be used to enhance real-time coaching features, support large-scale deployments, expand go-to-market operations, and hire additional staff. Management also plans to enter the U.S. market in the first half of the year and, over the next five years, broaden the platform beyond sales to help large workforces improve performance at scale.

Team