Led · Equity · Feb 2023

Asa Ren is a leading DNA data company based in Indonesia offering a direct-to-consumer DNA test that delivers more than 360 reports, including predisposed health risks and ancestry. The company performs all analysis in-house to ensure data privacy and provides wellness, nutrition, and clinical bioinformatics data for Indonesians. Its platform links genetic profiles, 360 phenotypes, and medical records to power personalized healthcare and support pharmaceutical research and development. Asa Ren has signed service agreements with more than 47 hospitals and clinics and expects to expand to over 60 partners by the end of 2023. Using new capital it plans to deepen digital capabilities, develop clinical bioinformatics and an electronic health passport, build a clinico-genomic database focused on non-communicable diseases, and add medical diagnosis and complete health data. The company aims to accelerate drug discovery and personalized treatments across disease areas including oncology and cardiovascular disease by leveraging longitudinal and genomic data.

Participated · Series B · Mar 2021

SiCepat, founded in 2014, is an end-to-end logistics provider in Indonesia that began with last-mile deliveries for small merchants and has expanded to serve large e-commerce platforms. Its services now include warehousing and fulfillment, middle-mile logistics, and online distribution, positioning it across the supply chain. The company says it was profitable and reported it could fulfill more than 1.4 million packages per day in 2020. SiCepat plans to use new funding to further fortify its position in the Indonesian market and potentially explore expansion to other Southeast Asian markets, according to its CEO. The Indonesian logistics market is highly fragmented, which SiCepat and other startups are addressing amid rising e-commerce demand accelerated by the COVID-19 pandemic. Prior to this round, SiCepat disclosed a $50 million Series A in April 2019. Sicepat Ekspres is an Indonesian logistics startup that provides courier, warehouse, air and cargo delivery services and serves tens of thousands of online merchants. The company claims to deliver over 200,000 packages daily and currently operates 600 outlets nationwide. Sicepat aims to expand its physical footprint with a target of 200 drop points in Greater Jakarta this year and will add 50 drop points in Jakarta alone, plus more in major Javan cities including Bandung, Surabaya, Yogyakarta, Malang, and Semarang. The funding will also be used to add vehicles to its fleet to handle seasonal surges around Ramadan and Eid al-Fitr. Sicepat plans to accelerate its IT capability by developing a transport management system to monitor operations more quickly and conveniently. According to Crunchbase, the company has raised a total of USD 53.5 million across two funding rounds since its 2014 founding.

Participated · Series B · Feb 2020

Snapask provides an app that matches students with quality tutors for instant one-on-one learning sessions. The company also develops B2B solutions using AI and big-data analysis to deliver personalized learning resources. Founded in 2015 and based in Hong Kong, Snapask has served over 3 million students across Hong Kong, Taiwan, Singapore, Malaysia, Indonesia, Thailand, Japan and South Korea. It completed a US$35M funding round that brought total funding raised to date to over US$50M. The company intends to use the funds to expand further in Southeast Asia, notably Vietnam and Singapore, and to develop analytics products to promote self-directed learning technology and video learning content. The round was led by Asia Partners (Singapore) and Intervest (South Korea), among other investors. Snapask is a Hong Kong-based education technology firm. The company raised $5 million in a pre-Series A financing round. The reported proceeds come from venture capital firms based in Hong Kong and Indonesia. Snapask plans to use the funding to expand into Southeast Asia, the United Kingdom and Australia. The article does not disclose product specifics, revenue, user metrics, or the names of the participating investors.

Participated · Series C · Jul 2018

C88 runs financial marketplaces CekAja.com (Indonesia) and eCompareMo.com (Philippines) that help lenders reach new audiences and pre-verify applicants. The company sorts structured and unstructured data to assess eligibility and recommend suitable financial products, and it works with over 90 banks and lenders. Its marketplaces have collectively served over 50 million customers and offer small loans (6–18 months) and longer installment plans (18–32 months); C88 is also experimenting with insurance (dengue fever policies in the Philippines) and dipping into asset management. The startup positions itself as a partner to banks to broaden access to credit in markets where traditional methods approve only around 10% of applicants. Following the new round, C88 plans regional expansion—including opening a business in Thailand—and will direct capital toward consumer marketing. The company was founded in 2013 and is based in Singapore.