Participated · Series C · Feb 2022

Funding Societies operates a digital platform that uses alternative data to provide faster-turnaround, lower-cost financing to underserved SMEs in Malaysia. The company has disbursed close to MYR 7 billion in financing to more than 10,000 Malaysian businesses. Its platform enables scaled delivery of working capital and other credit products by digitizing credit assessment and execution. Funding Societies has an existing partnership with MDV that began in 2022 and has now been extended via a multi-year facility announced in this deal. The company and MDV say the partnership aims to widen financing access for technology-based and growth-oriented SMEs and to support broader economic impacts such as job creation. Funding Societies will continue exploring further collaborations with MDV to support SME financing needs.

Participated · Series C · Jan 2018

Tiki is a Vietnamese e-commerce platform that expanded into fresh grocery and express delivery in recent years. The company launched TikiNgon fresh produce delivery last year and has operated TikiNow since 2018, offering two-hour deliveries in Hanoi and Ho Chi Minh City. Tiki reported that TikiNgon grew 2,000% year‑on‑year in Q3 2021 and that TikiNow memberships grew threefold over the same period; it has reached 20 million registered users. The platform saw a large boost in users during the early COVID‑19 pandemic, particularly in fresh food delivery. Tiki raised $258 million in a Series E and said the proceeds will be invested in logistics, including artificial intelligence and robotics to manage inventory, orders, and deliveries. The company is reportedly exploring a U.S. IPO in 2022 or 2023. Tiki.vn is a Vietnamese e-commerce platform. InnoVen Capital provided an undisclosed venture loan to Tiki.vn as part of the firm's push into Vietnam's fast-growing tech ecosystem. The article did not disclose the loan amount or other deal terms. Venture debt, the instrument used by InnoVen, is presented as an alternative to equity funding that allows startups to raise capital while minimizing equity dilution. No operating metrics, revenue figures, or additional financial details for Tiki.vn were reported in the article. The investment was mentioned alongside other InnoVen deals in the region, including investments in Indonesian logistics company Kargo and e-scooter sharing company Beam Mobility. Tiki is a seven-year-old online retail service based in Vietnam. It operates an e-commerce platform serving Vietnamese consumers. The company has attracted strategic investment from regional players including VNG and now a Series C led by JD.com. The partnership aims to support merchandising, cross-border opportunities, logistics, fulfillment, and technology. JD.com will become one of Tiki's largest shareholders and said it looks forward to helping deliver a truly world-class e-commerce experience to Vietnamese consumers. The round size is undisclosed but TechCrunch understands it to be around $50 million.