Participated · Series C · Jul 2026

Whale builds an AI Operating System (AIOS) for enterprise operations based on its proprietary Business World Model (BWM), which interprets camera, sensor, and audio signals similar to how LLMs process text. Its product suite includes SpaceSight (physical space intelligence), Echo (voice and audio intelligence), Lume (content distribution), Alivia (workflow automation and intelligent agents), Harbor (knowledge management and compliance), and Novus (AI infrastructure and governance). Whale serves more than 1,600 enterprises in 45+ countries and manages over 600,000 edge AI nodes globally across industries including retail, automotive, F&B, manufacturing, and financial services. Headquartered in Singapore, the company is scaling deployments across North America and APAC with plans for MENA and Europe. Whale recently raised a Series C round that now totals $100 million, which it says will fund global expansion, team growth, deeper partnerships, and expanded platform integrations.

Led · Series A · Apr 2023

Legit Group is a Jakarta-based cloud kitchen operator that runs four in-house brands: Pastaria, Sei’Tan, Sek Fan and Ryujin. Founded in 2021, the startup currently covers 30 points across Jabodetabek and reports that sales have grown threefold since its 2021 seed round. About 80% of its outlets are in Jakarta, and the company plans to expand further in Jabodetabek and enter second-tier cities such as Surabaya and Malang this year. Legit Group is working on an operating system to support its business, though the team has not disclosed details yet. The company also plans to launch new brands with different peak hours to more efficiently utilize kitchen capacity. Chairman Bran Hendrata, who previously built Ismaya Group, leads the team and cited the post-pandemic shift to online delivery as a core market opportunity. Legit Group is an Indonesian cloud kitchen startup launched in February this year as a joint venture between Yummy Corp, GK Hebat, and Ismaya Group. It operates delivery-only brands—Juju Chikin (Korean fried chicken), Pastaria (Italian-Japanese fusion) and Sei’Tan (Timorese barbecue)—sold via Gojek and Grab from 45 distribution points across Greater Jakarta. The company raised 43 billion rupiah ($3.02M) in seed funding to support expansion. Legit plans to launch two more brands and add another 90 distribution points by the end of this year. Since launching, the startup says sales have grown almost 10x, with a 61% revenue increase between June and July. It cites strategic relationships with Ismaya Group and Yummy Corp to expand rapidly with lower upfront capital expenditure. Legit aims to become a leader in creating delivery-first F&B brands in Southeast Asia amid a rapidly growing Indonesian food-delivery market.

Participated · Series C · Nov 2022

Founded in 2016, PrivyID provides a comprehensive digital trust platform that includes digital identity issuance, legally binding electronic signatures, e-KYC verification, and document management services. The company serves a broad range of sectors such as financial services, healthcare, and education and was the first non-government entity licensed as a Certificate Authority by Indonesia’s Ministry of Communication and Information Technology. PrivyID currently claims more than 30 million verified users, 1,800 enterprise customers, and processes over 40 million digital signatures annually, giving it a market-leading position in the country. Its platform benefits from direct access to Indonesia’s national identity data and facial biometrics, enhancing accuracy and compliance. With fresh capital, PrivyID plans to roll out additional consumer and enterprise products and accelerate overseas expansion, leveraging Indonesia’s rapidly growing digital economy. Management also aims to deepen its role in the country’s digital transformation initiatives while maintaining regulatory leadership.

Led · Series B · May 2022

SwipeRx provides a digital community and all-in-one B2B commerce capability for pharmacy professionals, offering commerce solutions and specialized healthcare logistics. The company has built a presence across Indonesia, the Philippines, Vietnam, Malaysia, Thailand and Cambodia. SwipeRx has acquired more than 235,000 pharmacy professionals and 45,000 pharmacies across Southeast Asia to date. It employs a team of over 400 people. The company plans to use the new funding to accelerate growth across Southeast Asia, grow its network of pharmacies, expand specialized healthcare logistics to fulfil B2B commerce, accelerate technological innovation and recruit talent. Led by founder and CEO Farouk Meralli, SwipeRx focuses on scaling its commerce and logistics offerings for pharmacies. mClinica provides healthcare data in Southeast Asia by partnering with local pharmacies and capturing prescription, dispensing and purchase data through a pharmacy-facing app. The app offers pharmacies loyalty and discount programs, business tools and industry news while authenticating customers via mobile numbers; data is desensitized for privacy. mClinica is present in the Philippines, Indonesia and Vietnam and works with more than 5,000 pharmacies, giving a stated potential reach of 70 million patients. The collected data is compiled into reports sold to pharmaceutical companies and shared, sometimes free, with governments and NGOs for policy and outbreak detection. The company aims to expand its geographic footprint across Malaysia and Thailand in the near term, with Cambodia, Laos and Myanmar on its roadmap. mClinica plans to use new funding to grow reach through offline sales and advertising and digital channels such as Facebook.

Led · Series C · Jan 2022

KoinWorks provides a comprehensive financial platform for underserved SMEs, including working capital loans, online bank accounts, cards, point-of-sale, early-wage access and HR management systems. The company has expanded its product set into an SME Neobank that it plans to scale using new funding. KoinWorks says its user base tripled to 1.5 million customers and it has a waitlist of 100,000 SMEs being onboarded to its new software. Monthly loan disbursements have tripled since 2019 to nearly $50 million, and revenue has quadrupled over the same period. Management says the company became cash-flow positive earlier this year and that its non-performing loan rate is under 2%. KoinWorks is headquartered in Jakarta, with holdings in Singapore and tech offices in Yogyakarta, India and Vietnam. KoinWorks is an Indonesia-based peer-to-peer lending platform founded in 2015 that says it was the first Indonesian P2P lender to be registered and is supervised by the Indonesian Financial Services Authority. Its core offering is a machine learning–based online marketplace that matches lenders and borrowers and aims to be a unified “super app” for financial needs. Product lines include KoinRobo (automatically diversified portfolios with fixed returns and social impact), KoinP2P (lending from as little as Rp100,000 with an advertised EAR of 18% p.a.), and KoinBisnis (SME financing up to Rp2 billion without collateral within one day). The company reports more than 300,000 users on its platform. Financially, KoinWorks recently completed fundraising activity, including a $20 million round from existing investors and a subsequent $10 million injection. The articles describe ongoing growth and expansion of product offerings rather than specific revenue metrics. KoinWorks is Indonesia’s largest peer-to-peer (P2P) lending platform registered and supervised by the Indonesia Financial Services Authority (OJK). Founded in 2016 by Benedicto Haryono and Willy Arifin, the platform connects borrowers and retail investor-funders through a single online marketplace. It offers products including business financing, invoice financing, KoinBisnis and KoinPintar, and leverages machine learning to underwrite loans and match funders to borrowers. KoinWorks reports more than 300,000 users, with over 60% of investor-funders being millennials and 70% saying it is their first investment product. The company plans to use new capital to expand its team and partnerships and to further develop systems and technology to increase financial inclusion across Indonesia. Its mission focuses on providing access to productive loans for SMEs historically underserved by traditional banks. KoinWorks operates a machine learning–driven peer-to-peer lending platform that connects investors and borrowers for business, education, health, and employee loans. The company is led by co-founder and chairman Willy Arifin. The platform reports approximately 50,000 lenders. KoinWorks intends to use new funding to invest in technology and improve user experiences. The business focuses on matching lenders and borrowers across multiple loan categories via its P2P marketplace. The article does not disclose additional financial metrics beyond the lender count and the announced funding.