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The Venture Codex

The Hive Southeast Asia

Suite 1-3, Level 1, Vertical Corporate B, No. 8, Jalan Kerinchi, Bangsar South City, Kuala Lumpur, 59200, Malaysia

Overview

The Hive Southeast Asia invests in the Co-Creation and Seed space dedicated to provide startup launchpads.

Total investments
4
Lead investments
1
Investments · 12mo
0
Active investors
2
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Investment portfolio

  • Cult Creative

    Led · Seed · Jan 2024

    Cult Creative operates a creator-collaboration platform that helps brands discover suitable creators, manage workflows, and process creator payments. The company pivoted from a limited job-portal app (shut down in November 2023) to build a more holistic proprietary platform. It has secured notable brand deals with Farm Fresh, Bata Malaysia, and Pavilion Group. Cult Creative raised RM500,000 in seed funding to accelerate development of its new platform, improve technology, user experience, and scalability, and invest in community-building. The team plans to unveil a public beta of the new platform within six months and aims to roll out a new feature, CultPay, within 12 months. The business has navigated setbacks including the passing of co-founder Manisha Jagan Mongan and says the fundraise follows two years of effort to secure investment.

  • iMotorbike

    Participated · Series A · Jun 2023

    iMotorbike operates an online marketplace that enables users to buy and sell preowned motorcycles, offering a money-back guarantee and warranties. The platform provides financing options, insurance, road tax services and publishes motorcycle news to support buyers. It has completed over 2,500 transactions with total revenue exceeding RM16 million and maintains connections with 5,000 dealers across Malaysia and Vietnam. iMotorbike currently operates 170 inspection points and offers 6-day returns, 6-month warranties and countrywide delivery. The company plans to use new capital to expand operations in Malaysia and Vietnam, open more inspection centres, and invest in technology and talent. iMotorbike aims to advance a circular economy for two-wheelers by promoting reuse of motorcycles, parts and accessories and scaling within Southeast Asia.

  • ThoughtFull

    Participated · Series A · Mar 2023

    Thoughtfull operates ThoughtfullChat, a digital mental health platform that combines personalized self-guided content, progress tracking, and access to professionals through video calls and text-based coaching. The startup launched in 2019 and focuses on serving employers, insurers and individuals across Asia. Since launch, Thoughtfull says its revenue has grown 30× in total, and revenue rose 10× year-over-year over the past year. Its mental health professional network covers 57 locations in Asia, the app is available in 11 languages, and it has users in 95 locations worldwide. The company emphasizes partnerships with insurers to increase affordability and employer uptake, including deals with AIA Malaysia and with FWD in Hong Kong and Thailand. Thoughtfull positions itself to scale end-to-end mental healthcare through payor partnerships and corporate channels. ThoughtFull operates the ThoughtFullChat app, which connects users to mental health professionals for coaching or therapy and offers self-guided tools. It also offers ThoughtFullCare Pro, an app to help mental health professionals manage and scale online practices. The company was founded in 2019 and launched its consumer app in 2020; its main operating markets are Singapore and Malaysia and it now has users in 43 countries. ThoughtFullChat is available in five languages (English, Bahasa Malaysia, Bahasa Indonesia, Mandarin and Cantonese) and the platform includes coaches fluent in additional regional languages. The startup works closely with local healthcare stakeholders and has partnered with groups such as The Hive Southeast Asia and Malaysia’s Penjana Capital to digitize aspects of the country’s mental health ecosystem. The company says it focuses on end-to-end services that provide both preventative and curative options and creates closed feedback loops to improve care quality.

Team

  • Syed Haizam Jamalullail

    Managing Director

    LinkedIn
  • Angel Low

    Principal (LP & Stakeholder's Management)

    LinkedIn