Provident Capital Partners
80 Raffles Place #54-01/02 UOB Plaza 1, Singapore, 048624
Overview
Provident Capital Partners is a Southeast Asia-focused private equity firm. Provident has a focused investment approach, where it only invests substantial funds in business where strong management capabilities have been built within the group. Provident has investments across a variety of industries, including telecommunications, infrastructure, mining, real estate, plantation and biofuels. Provident’s businesses are currently mostly concentrated in Indonesia.
- Total investments
- 3
- Lead investments
- 3
- Investments · 12mo
- 0
- Active investors
- 3
Investment portfolio
- Marque luxury
Led · Equity · Nov 2021
Marque Luxury is a wholesale provider of authenticated pre-owned luxury goods, specializing in B2B authenticated pre-owned handbags, small leather goods, accessories, watches and jewelry. Led by President and Co‑Founder Quentin Caruana, the company operates corporate headquarters in Irvine, California. Marque maintains re-commerce hubs across the U.S. — including Irvine, Los Angeles, New York, Atlanta, Miami, Las Vegas, Dallas and Charlotte — and international hubs in Japan, Singapore, Hong Kong, Indonesia and more. The company secured $20M in funding from Provident Capital Partners. It intends to use the funds to expand operations at scale focused mainly in North America and to generate business activity in global markets on both a B2B and B2B2C basis. The financing is positioned to support business expansion and scale operational capabilities across its wholesale and re-commerce channels.
- Contap Social
Led · Seed · Jun 2018
Contap Social is a suite of two products—event organizing and networking—that work together in a single mobile app. The events product offers push notifications and detailed event-performance analytics, while the networking product enables attendees to swap information and documents at any time. The app integrates with Meetup, Eventbrite, Dropbox and several popular CRMs. Led by CEO and founder Jason Craparo, the company has entered an exclusive partnership with Network After Work. Contap closed an $850K seed funding round led by Provident Capital Partners. The company intends to use the funds to bolster a mobile app relaunch on Google Play and the Apple App Store in July 2018.
- Pomelo Fashion
Led · Series B · Oct 2017
Founded in 2013, Pomelo operates as both an online and physical fashion retailer offering women’s apparel, shoes, bags, and accessories that blend local, global, and South Korean (Soko) trends. The company employs artificial intelligence to optimize pricing, assist in design decisions, and personalize its e-commerce experience. Currently, Pomelo runs nine stores across Bangkok, Phuket, and Singapore while selling region-wide through its website. Management plans to expand aggressively, targeting 150 branches throughout Southeast Asia by 2023 and establishing new outlets in Jakarta, Kuala Lumpur, Hong Kong, Manila, and Ho Chi Minh City. Beyond storefront growth, the firm intends to further develop its supply-chain automation platform to support scaling. To date, Pomelo has secured more than US$83 million in total funding, providing capital for geographic expansion and technology investment. The company is led by CEO David Jou.
Team
Winato Kartono
Founder
Gavin Caudle
Founder
Hardi Wijaya Liong
Founder
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