Participated · Equity · Dec 2023

Klook operates a marketplace for curated travel experiences and local services, offering attractions, tours, transport, and experiential stays in over 2,700 destinations. The company emphasizes quality curation across a wide range of activities from museums to adventure sports. Klook plans to use newly secured capital to accelerate expansion across Asia Pacific and capture next-generation, experience-driven travelers. It is expanding an AI partnership with Google Cloud to improve customer experience, merchant operations, and internal productivity. Klook is also pursuing digital transformation initiatives with regional tourism boards, including an agreement with the Philippine Department of Tourism. The company reported a decade of operations since its 2014 founding and highlights its economic impact—facilitating millions of travel moments, contributing US$7.2 billion in GDP and supporting over 219,000 jobs in Asia Pacific. Klook operates a platform for experiences and travel services, curating attractions, tours, local transport and experiential stays in over 2,300 destinations globally. Founded in 2014 and led by Eric Gnock Fah, Ethan Lin and Bernie Xiong, the company serves leisure travelers seeking bookable experiences. Klook recently raised US$210M and secured additional bank facilities to support growth. The company plans to use the funds to expand product offerings such as city passes to improve traveler convenience and savings. It will scale social and digital marketing through the Klook Kreator program to drive conversions via authentic user-generated content. Klook is also advancing innovation through continuous AI integration, including a collaboration with Google Cloud to deploy Generative AI for automated translations, content generation and a customer-service chatbot. Klook enables mostly Asia-based users to book activities in overseas destinations and its SaaS powers millions of bookings for more than 2,500 merchants worldwide. Founded in 2014 and based in Hong Kong, the company pivoted during the COVID-19 pandemic toward staycations and a software-as-a-service product suite for local activity merchants, including ticketing, distribution, inventory management and marketing. At the height of the pandemic Klook onboarded 150% more activities compared to the same period in 2019 and bookings subsequently rebounded in markets where restrictions eased. The company reached profitability in a number of markets by July while overall remaining in an aggressive expansion mode. Klook exceeded a $1 billion valuation in 2018 and currently has no plans to go public. With proceeds from the new investment it will continue developing and rolling out its merchant SaaS solutions as domestic tourism recovers and international travel gradually returns. Klook operates a mobile-first marketplace for travel activities and services, offering bookings for attractions, tours, transport and local experiences. The company says it hosts 100,000 activities across more than 270 destinations and employs over 1,000 staff with 20 offices worldwide. Klook was founded in 2014 and has previously raised significant funding, including a $200M Series D announced eight months earlier. Management plans to use new capital to accelerate growth in Western markets and to expand efforts in Japan ahead of the 2020 Summer Olympics, with an emphasis on improving supply and demand dynamics on the platform. Klook has discussed strategic partnerships within SoftBank’s ecosystem to pursue synergies with companies such as Grab, OYO, Coupang and Tokopedia. The company has signaled it is delaying any fixed IPO timetable despite prior candidness about a potential public listing. Klook is a Hong Kong-based travel activity booking platform founded in 2014 by Ethan Lin, Eric Gnock Fah and Bernie Xiong. The company operates a website and app that lets travellers book experiences such as attractions, food, activities and local transportation. Its platform offers more than 50,000 activities and services through 5,000 industry partners across 200+ destinations worldwide. Travellers can pay in their home currency and receive tickets on their phones. Klook reported $1 billion in gross bookings in 2018 and has raised $300m in total financing to date. The company plans to use new funding to launch its in-destination travel services booking platform in the US and Europe, expand offices in London and Amsterdam, and open future offices in the US.

Participated · Series C · Nov 2019

Sendo is described in the article as a Vietnam-based e-commerce firm and marketplace. The company has closed a $61 million Series C funding round. The round included participation from existing shareholders as well as new investors. Named new investors include Indonesia’s EV Growth and Thailand’s Kasikornbank. The article does not provide operating metrics, use-of-proceeds details, or further product or roadmap information. Sen Do Technology operates the Sendo C2C marketplace, offering more than 10 million products on its platform. The company combines its marketplace with logistics providers and banks to provide customers a full package of guaranteed transactions. It serves more than 300,000 sellers and millions of buyers across all 63 provinces in Vietnam, with a focus on Hanoi, Ho Chi Minh City and Tier 2 cities where 70 million people live. Sendo’s fintech subsidiary FPT Wallet (SenPay) received an e‑payment license from the State Bank of Vietnam in 2016. The company intends to use the funds to expand the C2C Sendo platform, launch the B2C marketplace SenMall, and accelerate the reach of SenPay in Vietnam.

Led · Series A · Sep 2017

Event Pop is a two-year-old Thailand-based digital ticketing startup that helps event organizers with ticketing and marketing. Its platform offers access control, cashless payments, data collection and management, plus monitoring and analytics. The company's mobile app functions as an event-discovery and booking tool, an entry ticket and—where supported—an NFC-powered cashless payments method. To date it has handled over 3,000 events, including gigs, festivals, live shows, sports and business seminars. Financially, Event Pop has completed a Series A of over $2 million and had previously raised $500,000. The company plans to invest in new service areas and pursue expansion into parts of Southeast Asia and East Asia, potentially targeting markets such as Indonesia, and will compete with players like Peatix, EventNook and Eventbrite. Event Pop is a Bangkok-based event management and ticketing startup that combines ticketing with ongoing event campaigns and user engagement tools. The company helps event promoters run continuous campaigns rather than siloed, one-off activities. Founded in 2015, Event Pop says it has managed more than 100,000 ticket sales for over 300 events, which the CEO describes as roughly two percent market share in six months. The team argues incumbent players in Thailand have gone stale and that new technology can disrupt the market. Event Pop is focused on the Thai market for now but plans regional expansion soon with partners in Southeast Asia and Japan. Its recent $500,000 seed raise and existing backers are intended to accelerate growth amid a projected tenfold increase this year.

Participated · Equity · Aug 2017

FlowAccount is an online invoicing and accounting platform offering cloud-based bilingual accounting and payroll SaaS for freelancers, small-business owners, and accountants in Thailand. Its products include FlowAccount online accounting software and FlowPayroll online payroll software, delivered via the cloud and integrated with banks and eCommerce platforms. The company reports about 50,000 customers using its services. Founded in 2015 and headquartered in Bangkok, FlowAccount targets do-it-yourself accounting and payroll needs for small businesses and startups. In August 2021 it raised a Series A reported at $5.2M (the article text also references US$4M) to expand platform functionality and scale its small-business solutions. The fresh capital will be used to further develop product features and grow its customer base. FlowAccount is a cloud-based platform providing accounting tools for small and medium-sized businesses. The company currently operates with a team of about 20 employees. It recently launched a solution targeted at accounting firms and is planning payroll and other HR services for small businesses. FlowAccount intends to extend its product set from core cloud accounting into adjacent SME services. Management says the firm will remain focused on the Thai market in the near term, with a longer-term view toward wider Southeast Asia once it secures domestic market share. The company emphasizes helping local businesses adopt subscription SaaS accounting and move from offline to online processes.