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The Venture Codex

TNB Aura

138 Cecil Street #05-01 Cecil Court, Singapore, 069538

Overview

Founded by entrepreneurs and fund managers who have established, grown and exited several businesses, TNB Aura looks to become the marquee venture capital fund in Southeast Asia. We believe in people and companies with strong fundamentals, and invest $1 – $5 million (up to $10 million) per investee company at either Series A or B stage. In combination with our innovation and corporate advisory arms, we provide more than just equity – we provide the tools for companies to scale and succeed in the region.

Total investments
16
Lead investments
8
Investments · 12mo
1
Active investors
7

Sector focus

  • Financial Services
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Investment portfolio

  • Nibertex

    Led · Series A · Sep 2025

    Nibertex develops PFAS-free waterproof and breathable textile membranes using a proprietary electrospinning (nanospinning) process designed for large-scale production. Its membranes are described as ultra-soft, silent, stretchable and engineered to integrate into textiles for apparel, healthcare, industrial and consumer applications. The company says its product can replace PFAS-based membranes without compromising performance, positioning it against global membrane players. Nibertex cites early commercial success and cost-effective manufacturing capabilities in the Philippines. Regulatory pressure and accelerating PFAS bans across the U.S., EU and Asia–Pacific are creating growing demand for its alternatives. With the new capital, it plans to expand Philippine manufacturing capacity, accelerate R&D into applications beyond apparel, and deepen partnerships with global brands. Nibertex is a deep-tech company that develops PFAS-free electrospun polyurethane (ePU) nanofiber membranes that deliver waterproofing and breathability for textiles. The company operates two state-of-the-art manufacturing plants in the Philippines and has pioneered scalable production of PFAS-free membranes to meet global demand. Nibertex reports a surge in orders from global textile brands and traction in high-value sectors such as firefighter fabrics and professional applications. The firm plans to deploy new funding to ramp production capacity, scale production lines at its second facility, and expand R&D efforts for professional textiles and emerging applications including mattresses, automotive, healthcare, and PPE. Leadership (co-founder Jaemin Park) said the funding will accelerate production to meet growing client needs across multiple industries. Nibertex was founded in 2019 and positions its technology as a sustainable alternative ahead of tightening PFAS regulations in markets like the EU, California, and New York.

  • Techcoop

    Led · Series A · Mar 2025

    TechCoop operates an agricultural supply-chain platform through its subsidiary Farmnet, which trades commodities including cassava, coconut, cashew, durian, coffee, fresh fruits, and processed agricultural products. Farmnet operates across 20 locations and serves over 641 cooperatives and agri-enterprises across 28 out of 34 provinces in Vietnam. TechCoop Investment & Technology, Farmnet’s Singapore-based parent, generated approximately $220 million in revenues in 2025 and is targeting $500 million in 2026. The company positions Farmnet as a well-capitalised trading counterparty able to move at scale and offer flexible payment terms to processors, cooperatives, and farming businesses. TechCoop plans regional expansion into Cambodia, Laos, and Thailand in 2026 to extend its agricultural supply-chain platform across Southeast Asia.

  • PEXX

    Led · Seed · Jul 2024

    PEXX operates a stablecoin-to-fiat payment platform that enables users and businesses to off-ramp USDT and USDC directly into bank accounts in 16 fiat currencies. The platform is designed to shorten crypto-to-fiat transfers to minutes versus days with traditional banking rails. PEXX reports the platform has transacted close to US$3,000,000 and onboarded customers including Web3 companies, exchanges, and media firms. The company obtained AUSTRAC registration in May 2024, allowing it to operate as an independent remittance dealer and digital currency exchange provider and signalling a focus on compliance and security. PEXX plans to use the new funding to bolster engineering and product teams and to expand marketing and business development efforts, beginning in Southeast Asia. EMO Capital will additionally support PEXX on Web3 marketing, branding, strategic partnerships, scaling, and user acquisition.

  • Ora

    Led · Series A · May 2023

    Ora operates an end-to-end telehealth platform that handles consultations, pharmacy, medication delivery and post-purchase care. The company runs three vertical brands—Modules (dermatology/skincare), andSons (men’s health) and OVA (female reproductive healthcare)—to focus on specific conditions. Ora says it has delivered over 250,000 doctor consultations since launching in 2021 and reports uninterrupted >20% month-over-month growth since launch. Around 90% of its patients are young adults in their late 30s or younger and are largely first-time online patients; subscriptions account for more than 70% of revenue. Founded by Elias Pour (formerly CMO of Zalora), Ora targets Southeast Asia where high out-of-pocket healthcare spending supports a direct-to-consumer model. The company plans to use new funding to expand into new markets and to bring its brands into more than 1,300 retail stores.

  • GIMO

    Led · Series A · Feb 2023

    GIMO provides on-demand payroll services for blue-collar workers in Vietnam. The company reported 24x year-on-year revenue growth and an 11x year-on-year increase in transaction volume. Leadership says the fresh capital will bolster product innovation that appeals to underserved workers. Its team has been incubating a suite of digital financial solutions and expects to launch them in the months to come. GIMO previously raised a US$1.9 million seed extension in 2021. The company is also in the process of raising debt capital. Gimo is a Hanoi, Vietnam–based fintech offering on-demand pay for blue-collar workers through a mobile app integrated with employers' payroll systems. Led by CEO Nguyen Anh Quan and officially rolled out in early 2021, the app lets users access earned salary instantly, track workdays and daily earnings in real time, and receive personal finance tips. To date Gimo has provided on-demand pay for more than 25,000 workers, mainly in manufacturing and retail sectors. The company plans to build a broader digital financial platform to help blue-collar workers organize paychecks, spending, savings and investments. Gimo intends to use new funding to expand operations, hire senior engineers, strengthen risk management, grow its business across Southeast Asia, and integrate data analytics and artificial intelligence to enhance customer experiences. Earlier in March the company received an undisclosed seed round from ThinkZone Ventures, BK Fund and a group of angel investors, and has now completed a $1.9M Seed+ round.

Team