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The Venture Codex

Spiral Ventures

328 North Bridge Road, Raffles Hotel Arcade, Level 02-20, Singapore, 188719

Overview

Our former entity “IMJ Investment Partners” was established in 2012 by IMJ Corporation (“IMJ”), a major digital marketing company, as an independent venture capital subsidiary in Japan. After IMJ was acquired by Culture Convenience Club (“CCC”) in 2013, we continued our investment activities independently, and eventually relocated our office to Singapore to change our strategy and start a venture capital fund for the Southeast Asia market. In 2015, we established the Japan office and started a venture capital fund for the Japanese market. In tandem with the expansion of our business, we left the CCC Group, changed our name to “Spiral Ventures” in 2017, and made a fresh start as an independent venture capital firm. taken from https://spiral-ventures.com/en/group-info/

Total investments
15
Lead investments
3
Investments · 12mo
3
Active investors
0

Sector focus

  • Finance
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Investment portfolio

  • SPUN

    Participated · Seed · Jan 2026

    Founded in 2024 by former LINE Indonesia colleagues Christa Sabathaly and Dilla Anindita, SPUN is building an AI-enabled platform that standardises and automates visa workflows for both individual consumers and B2B partners. The company already supports more than 300 visa types covering over 90 destination countries and has processed thousands of paid inbound and outbound visa applications with a 99 % approval rate in its first year. Its services are embedded in major regional travel platforms such as Klook, Traveloka, Tiket, and Nusatrip, and its B2B network exceeds 200 travel agents and resellers. By treating visas as a critical but underdeveloped layer of travel infrastructure, SPUN aims to become the regional system of record for cross-border mobility. The startup plans to use new capital to expand into additional Southeast Asian markets, deepen product automation, and tighten integrations with travel partners. All applications processed to date have been fully paid at market rates, underscoring early revenue traction alongside rapid user adoption.

  • Pruv Finance

    Participated · Series A · Nov 2025

    Pruv Finance operates a digital finance platform focused on the tokenization and on-chain distribution of real-world assets for institutional customers. Its core offering supplies the technical and compliance infrastructure needed to bridge traditional assets with blockchain networks, making it easier for banks, asset managers, and other institutions to issue and manage RWA tokens. The company positions itself as a key facilitator of traditional-to-crypto convergence, aiming to unlock new liquidity channels and improve asset transparency. With fresh Pre-A capital, Pruv Finance plans to broaden its platform features and scale its infrastructure to support a larger volume of institutional transactions. The management team intends to accelerate product development that enhances security, regulatory alignment, and cross-chain functionality. The $3 million raise also strengthens the balance sheet, giving the firm additional runway to pursue strategic partnerships with traditional financial institutions and blockchain ecosystems.

  • Fragaria Fruits

    Participated · Seed · Oct 2025

    Fragaria Fruits uses controlled environment agriculture and vertical farming to cultivate premium European strawberries under its flagship brand Oh! Fruits. The company claims its berries are twice as sweet as conventional Indian varieties, pesticide-free, and have a shelf life up to three times longer, enabled by advanced technology, water-recycling systems, and solar power integration. Founded in 2024 by Harish Varadharajan, Timothy Chad Van Niekerk, and Damian López-Salazar, the startup targets the gap in India’s fruit industry for consistent, high-quality produce available year-round. With new funding it plans to expand production to Bengaluru, diversify into blueberries and raspberries, and scale daily output from 2–3 kg to 120–150 kg. Fragaria positions itself against imported brands like Driscoll’s, Zespri, and Rockit but says it faces no direct local competitors for premium berries. Sustainability is central to its model, aiming to lower farming’s environmental footprint while keeping products affordable. Prior to the current raise, the company secured ₹1.5 crore in a pre-seed round, illustrating continued investor interest in its scalable farming approach.

  • Secai Marche

    Participated · Series A · Aug 2024

    Secai Marche runs an online marketplace that directly connects Southeast Asian foodservice operators and retailers with producers, while also handling every step of fulfillment—ordering, inspection, packing, and temperature-controlled delivery. By marrying Japanese logistics expertise with local operations, the company seeks to modernize the region’s fresh-food supply chain through a seamless, cross-border cold chain. Its strategy includes extending refrigerated infrastructure to major cities and incorporating maritime transport to maintain strict temperature management from farm to kitchen. The firm positions its service as “Japanese-quality” and aims to cut food waste by preserving freshness throughout transit. Newly raised funds will be directed toward expanding logistics hubs, strengthening cold-chain networks, and scaling temperature-controlled delivery capacity. To date, Secai Marche has secured a cumulative ¥1.2 billion in Series A financing from the corporate venture arms of three leading Japanese logistics groups.

  • Inflow

    Participated · Seed · Nov 2023

    Inflow provides a platform that gives small fashion brands visibility into manufacturers’ supply chains and the design-to-production cycle, offering data-driven factory matching, inventory forecasts and merchandise management. Its production network includes more than 150 pre-screened manufacturers and suppliers in Vietnam and supports small-batch orders with minimum order quantities starting from 50 units. The company says it can reduce sample production to seven days with a 45-day turnaround, and over the last year its revenue has grown more than 15x. Inflow is used by more than 80 fashion brands across Southeast Asia and typically serves brands with annual revenue of $200,000 and above. Founder Khanh Le spent 15 years in the fashion industry and launched Inflow to help smaller brands access Vietnam’s manufacturing capacity. The startup plans to use its seed funding to expand design R&D, develop its supply-chain and manufacturing tech, enable 30-day product launches at 50-unit MOQs, and build sales channels and export partnerships in developed markets.

Team

No current team members are available.