• ESB

  Participated · Series B · Aug 2022

  ESB (PT Esensi Solusi Buana), founded in 2018, provides an all-in-one cloud-based SaaS for culinary business operations. Its product suite includes a front-end order-taking app, POS, kitchen operations software, and a back-end ERP system. ESB also offers order and delivery channel management, accounting, supply chain management, HRIS, simplified payment solutions, working capital facilities, and productivity features. The platform targets SMEs in the food & beverage sector and aims to help operators increase sales and operational efficiency. Notable clients include Starbucks, Pepper Lunch, Shaburi, Subway, Genki Sushi, Sushi Tei, Djournal, Kitchenette, Krispy Kreme, and Cold Stone Creamery. With fresh funding from the Series B, ESB plans to further expand its footprint in the SME market. ESB provides a cloud-based, all-in-one restaurant operating system that includes ERP, a Point-of-Sale system and mobile ordering (ESB Order) to replace disparate software in F&B operations. Founded in 2014 and based in Indonesia, the company serves more than 500 F&B brands and processes over 40 million orders annually, with over US$500M in gross transaction value. ESB reported 3x year-over-year growth during the pandemic and says it expects 10x growth in the next two years; over 95% of users use both its front-end and back-end software. The founders built the product from decades of F&B operations and supply-chain experience to minimize leakage and human error. With recent funding, ESB plans to expand tech-enabled upselling, an enhanced BI platform, delivery solutions, payment solutions, financing, and an HRIS to become an end-to-end F&B operating platform. ESB offers an end-to-end SaaS platform for F&B businesses, including a cloud-based mobile ordering system that syncs automatically with restaurants’ POS, a kitchen management system and enterprise resource pricing (ERP). The startup says its stacks reduce time to serve customers and eliminate errors in information entry. During COVID-19 it launched contactless dining and independent delivery features to help restaurants avoid delivery-platform commissions and protect margins. ESB plans to use the fresh funding to introduce new features to its technology stack and expand partnerships with restaurants. The company reported 12x growth in the number of partners in 2020, under five percent churn, and claims to have generated over 20 million annual orders for customers within six months of launching. Notable clients include Boga Group, MAP Boga and Ismaya Group, and investors highlighted its data-driven, hardware-agnostic approach.

• watchTowr

  Led · Series A · Jul 2022

  watchTowr builds a Continuous Automated Red Teaming platform that simulates attacker behavior to create a real-time attacker’s view of organizations and continuously identify and validate exploitable vulnerabilities. The product is backed by watchTowr Labs, which performs threat and vulnerability R&D and has publicly reproduced severe 2024 vulnerabilities and demonstrated compromises of portions of Internet infrastructure. The company says it has seen significant adoption from critical infrastructure and Fortune 500 customers. watchTowr will use the new funding to capture market leadership and accelerate global growth by expanding its go-to-market, research, and engineering teams. The company was founded by Benjamin Harris, a hacker-turned-entrepreneur with 14 years of industry experience. watchTowr is a Singapore-based cybersecurity startup offering a proprietary platform that gives organizations a continuous, real-time view of their external attack surface through the eyes of a sophisticated attacker. The platform codifies attacker tactics and techniques by leveraging data analysis and interrogation within an agile technology framework to mimic how real attackers break into organizations. Led by CEO Benjamin Harris, watchTowr has identified high-impact and critical weaknesses across banks, financial services, insurance companies, ecommerce and technology brands at scale. Since November 2021 the company has proven its technology across those sectors. The company will use the new funding to continue enhancing its underlying technology and to pursue growth opportunities outside Southeast Asia. It expects to raise a Series A in 2023. watchTowr is a Singapore-based cybersecurity company that offers a Continuous Attack Surface Testing (CAST) solution and the watchTowr Platform. The platform combines cutting-edge technology with certified ex-adversary expertise to deliver continuous visibility and holistic security assurance beyond traditional penetration testing and bug bounties. watchTowr publicly launched its CAST solution and reports it is being leveraged by prominent enterprises across Southeast Asia in banking, insurance, fintech and technology. The company is CREST-accredited and led by founder and CEO Benjamin Harris, an experienced offensive cybersecurity practitioner. watchTowr intends to use the seed funding to scale the CAST solution, further develop the platform, and expand its team of cybersecurity practitioners.

• AMILI

  Led · Series A · Jun 2022

  AMILI is a Singapore precision gut microbiome company founded in 2019 that builds a multi-ethnic repository of microbiome data and samples, including the only existing microbiome bank in Southeast Asia. Its core products include diagnostics, predictive algorithms and microbiome-modifying interventions powered by its proprietary analytics engine, AMILI Prime. The company licenses its database to academic institutions, biotech firms and food manufacturers to identify biomarkers and inform product formulation. AMILI also provides faecal microbiota transplants and has launched a consumer health brand, BIO & ME, offering probiotics and diagnostic tests based on its database, with planned rollouts in Southeast Asia and Hong Kong later this year. It focuses clinical research on health and wellness, oncology, and response to microbiome-based therapeutics, having conducted over 20 research studies valued at over $40 million. The company intends to use new funding to expand in Southeast Asia and the rest of Asia, pursue additional research partnerships, and further develop AMILI Prime.

• Echodyne

  Participated · Series C · Jun 2022

  Echodyne produces high-performance compact, solid-state radars based on the company’s patented metamaterials electronically scanned array (ESA) technology. Its commercial radars are positioned for defense, security, machine perception, and autonomy applications, including counter-UAS, border and perimeter security, and autonomous vehicles. The company says it has demonstrated performance leadership in all markets since introducing its first radar in 2017 and serves customers across defense, national and critical infrastructure security, UAS, and autonomous ground vehicle markets worldwide. Echodyne is experiencing significant customer demand and recent selection in multiple programs, and it will use new investment to increase production and distribution and to expand its product lines for defense, security, and autonomous machine applications. The company is privately held and based in Kirkland, Washington, and is backed by investors including Bill Gates, NEA, Madrona Venture Group, Baillie Gifford, and Northrop Grumman. Management emphasizes the company’s goal of becoming the world’s leading radar solutions company while supporting deployments that enhance intelligence and safety of autonomous systems. Echodyne develops compact, software-defined, solid-state electronically scanned array (ESA) radar sensors built on its patented MESA technology. Its products include the EchoGuard™ 3D surveillance radar and airborne radars for commercial UAS detect-and-avoid, with a radar for autonomous vehicles slated for unveiling later this year. The company targets perimeter security, airspace management, airports, borders, critical infrastructure, and autonomous systems such as drones and vehicles. Echodyne is privately held and backed by a group of venture and strategic investors. The recent financing will support commercial production, expanded distribution channels, and continued investment in breakthrough radar sensors. The company is based in Kirkland, Washington. Echodyne develops compact, lightweight radar sensors that generate point clouds and images for machine perception. Its hardware functions like a phased-array radar and is intended to work where LiDAR and cameras struggle, such as in fog, dust, or at long range. The company has focused initially on drones — selling all of its production-unit radars built for drone use for commercial tasks like power-line inspection and farmland surveying — and is still developing systems for cars. Echodyne plans to use new funding to ramp production from hundreds of units per year to thousands and to continue research and development. Much of the funding will also go toward building radar-vision software that uses neural nets and AI to classify and recognize objects in the environment, forming a platform around its hardware. The company has raised a total of $44 million to date. Echodyne develops radar systems that leverage metamaterials technology to control and manipulate electromagnetic radiation. The company plans to use its recent funding to bring these radar products to market. Echodyne raised $15m in the reported financing. It was co‑founded by Eben Frankenberg (CEO) and Tom Driscoll (CTO). The company is the fourth spin‑out from Intellectual Ventures. The metamaterials technology was invented by Intellectual Ventures in collaboration with Duke University and the University of California at San Diego.

• Privyr

  Led · Series A · May 2022

  Privyr operates a mobile customer-relationship-management app that lets salespeople manage and convert leads via WhatsApp, SMS, iMessage, email, phone calls and integrations with lead sources like Facebook Lead Ads, TikTok, Google ads and website forms. Launched in 2018 and based in Singapore, the app is used by over 45,000 sales professionals across more than 75 countries and has facilitated engagement with 20 million leads. The company plans to use new funding to expand product capabilities, increase market penetration and scale its team from under 10 employees to over 40 within a year. Privyr emphasizes preserving human relationships in digital sales channels and positions its mobile-first approach as a response to heavy WhatsApp-driven interactions in developing markets. Prior to this round, the startup had raised $900,000 from Wavemaker Partners, Entrepreneur First and other angel investors. The company highlights strong demand for simple, mobile-based solutions targeted at individuals and SMEs where sales primarily happen on mobile.

No current team members are available.