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The Venture Codex

XA Network

68 Circular Road #02-01, Singapore, 049422

Overview

XA Network provides smart capital to startups in Southeast Asia. We believe startups in Southeast Asia deserve a better breed of angels - genuinely wanting to go beyond capital.

Total investments
17
Lead investments
1
Investments · 12mo
1
Active investors
8
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Investment portfolio

  • Datakrew

    Participated · Series A · Mar 2026

    Datakrew is a startup that recently raised a pre-Series A round. The company secured $2.6 million in that financing led by Greenwillow Capital Management. Other investors named in the round include BEENEXT, 500 Global, SG Growth Capital (formerly Seeds Capital Limited), XA Network, AngelList, and additional unnamed backers. The articles do not provide information on the company's products, services, founding year, location, revenues, users, or specific plans for the capital. No prior funding details or operating metrics were disclosed in the coverage.

  • PBR Life Sciences

    Participated · Seed · Dec 2024

    Founded in 2015 and based in Nigeria, PBR Life Sciences provides healthcare and pharmaceutical data analytics across African markets. Its AI-powered dashboards and generative AI tools deliver actionable insights on pricing, demand forecasting, and product development for clients including pharmaceutical firms such as Sanofi, consulting firms, NGOs, and multilateral organizations. The company participated in the ARM Labs Lagos Techstars Accelerator program. In December 2024 PBR raised $1.0M in a pre-seed round from a syndicate of investors. The funds will be used to enhance its AI infrastructure and support expansion into Ghana and Kenya. The raise positions PBR to scale its analytics offerings across more African markets.

  • heymax.ai

    Participated · Seed · Jul 2024

    Founded in 2023 by former Meta engineers, HeyMax aggregates fragmented loyalty programmes into a single platform using its proprietary rewards currency, Max Miles. Users can earn points from more than 800 merchants—including Trip.com, Shopee, Starbucks and foodpanda—and redeem them for flights, gift cards or transfers to over 30 airline and hotel programmes. Signature features such as FlyAnywhere and Card Maximiser further simplify booking flights and optimising card rewards. The company has amassed over 150,000 users and now issues more than 500 million Max Miles annually, generating strong revenue and GMV growth. With fresh capital, HeyMax plans to introduce AI-enabled reward experiences and expand beyond Singapore and Hong Kong into Japan, Taiwan and Australia by the end of 2026. Its model addresses the high rate of unredeemed points in Asia-Pacific by providing cross-brand and cross-border interoperability for consumers and partners alike.

  • Mercu

    Participated · Seed · May 2023

    Mercu offers a messaging-first employee engagement platform built to reach deskless workers who lack constant laptop access. Launched in November 2022 and based in Singapore, the product lets employers create custom content or use templates for campaigns like onboarding, surveys and training, and it integrates with WhatsApp and Facebook rather than requiring a new app. The platform segments employees by role, tenure and location, and provides analytics on read and completion rates, industry benchmarks and recommendations. Customers include retail, logistics, hospitality and manufacturing firms such as Guzman y Gomez’s Singapore operations and Sam Prince Hospitality Group in Australia; Mercu also has customers in the United States. The founders, Jascha Zittel and Elliott Gibb, previously worked at Grab and built Mercu after observing higher engagement on messaging apps. Mercu plans to build more employee-facing tools and is exploring use of large language models like ChatGPT to scale communications. The startup raised seed funding to support U.S. expansion and hiring.

  • Buupass

    Participated · Seed · Feb 2023

    BuuPass operates a B2B2C full‑stack marketplace that connects transport companies with online ticketing platforms to digitize long‑distance transport in Africa. The company is focused on capturing a share of the estimated $100 billion long‑distance transport market and aims to scale toward unicorn status. BuuPass has sold over 16 million travel tickets and generated more than $100 million in GMV, with a presence across East and Southern Africa and routes in over 15 countries. The business plans to use outside investment to expand its reach and enhance its technology and product offering. The recent backing from Tim Draper is expected to provide strategic guidance and access to a global network to accelerate growth. BuuPass is headquartered in Nairobi. BuuPass is a B2B2C full‑stack marketplace that provides a bus management system (BMS) to digitize operators’ inventory, sales and operations while connecting them to a consumer-facing booking marketplace across web, app and USSD. Its BMS includes a point-of-sale solution and a parcel management module to help operators reduce cash leakages, manage fleets and draw operational insights. The platform also supports flight and train ticketing and has a partnership history with Safaricom to facilitate Kenya Railways bookings. BuuPass processes about 12,000 transactions per day, has recorded over 9 million ticket sales to date, and reported gross merchandise value slightly over $30 million in 2022. It supports a fleet of roughly 1,200 vehicles from more than 25 bus companies, including Easy Coach. The company plans to scale first in Kenya and Uganda and ultimately become a pan‑African infrastructure provider for long‑distance transportation.

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