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The Venture Codex

XCEL NEXT VENTURES

8 F., No. 42, Xuchang St., Zhongzheng Dist., Taipei City, 100008, Taiwan

Overview

Xcel Next Ventures is an early stage venture capital firm. Xcel Next Ventures focus on helping founders build the next market leading companies that will transform industries, and make people's life better in the new digital borderless world.

Total investments
5
Lead investments
0
Investments · 12mo
0
Active investors
1
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Investment portfolio

  • Boost Capital

    Participated · Seed · Aug 2023

    Boost Capital provides a chat-based bank client onboarding platform that interviews customers through chatbots, performs digital KYC and credit scoring, and facilitates automated loan applications, underwriting, contracting, and credit checks. Its technology bridges informal channels used by emerging-market customers (like chat) and the formal risk requirements of financial service providers. The platform supports collateralized and uncollateralized loans and can serve clients with salary or business income without requiring an app download. Founded in 2018 by Gordon Peters and Lucinda Revell and incorporated as Boost Capital PTE. LTD., the company targets microfinance institutions and banks seeking cheaper, faster digital onboarding. Boost plans to use new funding to pursue market expansion, grow its product team, and initiate partnerships with new banks. The company raised a $2.5M seed round in August 2023 to support those efforts.

  • Betterdata

    Participated · Seed · Apr 2023

    Betterdata builds programmable synthetic data using generative AI and privacy engineering to create fictional datasets that mirror real-world data without disclosing sensitive information. Its technology leverages generative adversarial models, transformers and diffusion models to generate and augment datasets. The company is developing support for single-table, multi-table and time-series datasets to address different tabular data needs. Betterdata was founded in 2021 by Dr. Uzair Javaid and Kevin Yee and is based in Singapore. It has R&D partnerships with two major universities in Singapore and the United States and counts Shanghai Pudong Development Bank among its clients. The startup plans a product launch, will hire sales and marketing staff, and aims to expand across the Asia-Pacific region over the next one to two years. BetterData provides a platform that converts uploaded structured user data into anonymized, synthetic copies while avoiding storing raw data on its servers. User data is tokenized and stored on a blockchain that is only accessible with a user’s private encryption keys, enabling immutable access logs and end-to-end data lineage. The synthetic outputs maintain key statistical properties of the originals while anonymizing and scrambling sensitive fields so teams can train models and build products without accessing live user data. Founders Uzair Javaid (CEO) and Kevin Yee (CTO), who met at the Entrepreneur First program in Singapore, have backgrounds in AI data generation and blockchain security. The company is targeting customers in Banking, Financial Services and Insurance (BFSI) and data/AI teams at tech companies, and is expanding its private beta after successful pilot programs. BetterData also positions its architecture to reduce risk of data attacks and leakages through encryption and blockchain controls. The product currently focuses on structured data; the team plans to add text-generation functionality using NLP models and launch a public cloud beta by the end of the year. The startup has raised $770,000 in funding and grants to date and is in the process of closing a seed raise.

  • Imverse

    Participated · Series A · Jun 2022

    Imverse has developed a proprietary voxel graphics engine capable of live capture, rendering and streaming of multiple holograms in real time for telepresence and volumetric content. Its technology creates full‑body volumetric humans at a fraction of the cost, without industrial cameras or powerful computing equipment, and with low latency, enabling delivery at rates comparable to mainstream video conferencing. Imverse Holo lets creators and businesses set up multi‑camera systems for live volumetric video capture with no green screens or cloud services, and enables producers and consumers to edit, interact and manipulate content in real time. The platform targets use cases including virtual teleconferencing, immersive education, healthcare, gaming and the Metaverse. Over the past year the company has secured partnerships with several large technology companies and expanded operations to France. Imverse is currently focusing on enterprise solutions and has raised funding to accelerate software development, team growth and global product rollout. Imverse is a Swiss VR start-up whose graphics software makes the creation of photorealistic 3D content 10 times faster and cheaper than current solutions. Its product lineup includes IMVERSE LiveMaker, which creates 3D universes from a single 360° picture, and a real-time hologram solution called “Elastic Time” that captures visitors and renders life-size photorealistic bodies in VR immediately. The company showcased these technologies at SIGGRAPH, holding the first-ever VR workshop in VR. Proceeds from its recent CHF1.5 million financing will be used to double the team and expand engineering, sales and business development, and to produce VR content for marketing. Imverse also plans to open an office in Los Angeles to be closer to customers, partners and investors. CEO and co-founder Javier Bello Ruiz said there is a clear market fit for both the holograms and the reconstruction software and that users are enthusiastic. Imverse builds a real-time mixed-reality engine that composites users’ actual bodies and other real-world objects into VR, aiming to increase presence and ease headset adoption. The team spent five years developing the technology at EPFL and debuted public demos at Sundance Film Festival, including the Elastic Time experience. Imverse is also developing LiveMaker, described as a “Photoshop for VR,” to let creators edit and build VR experiences from inside a headset. The company has a four-person core team; CTO Robin Mange brings roughly 12 years of specialization in volumetric rendering. Imverse has worked with content studios such as Emblematic Group and is planning a Los Angeles presence to accelerate commercial partnerships. Financially, the startup has raised $400,000 to date and is pursuing a multi-million-dollar Series A to fund expansion. Observers in the article suggested VR platform companies would likely be interested in acquiring the technology if commercialization falters.

  • Dayta AI

    Participated · Series A · Mar 2022

    Dayta AI, founded in 2018 and based in Hong Kong, provides Retail Analytics SaaS leveraging existing cameras, cloud computing, machine learning, and big data to generate behavioral insights. Its flagship product, Cyclops, is used across retail stores, shopping malls, supermarkets, airport lounges, and restaurants and serves clients in Hong Kong and the Asia Pacific region. The company recently released Cyclops v4, which improved algorithm quantization, expanded quality datasets, and enhanced infrastructure scalability to boost model performance and stability. Dayta positions its product to help brick-and-mortar retailers optimize sales, traffic, and operations through computer vision and business intelligence. The company plans to use new funding to further optimize cloud infrastructure, develop new AI models, and fuel overseas expansion. Dayta AI offers Cyclops, a cloud-based SaaS smart retail solution that connects to RTSP-compatible and IP cameras to collect and analyze in-store video. Cyclops analyzes thousands of videos daily to provide traffic, behavioral, demographic, KPI, heatmap and predictive analytics. The platform supports over 95% of cameras, is plug-and-play and deployable remotely so retailers can use existing hardware without upfront replacement costs. Cyclops emphasizes privacy by not storing faceprints and operating in compliance with GDPR while producing executive reports and actionable insights across marketing, operations, strategy and leasing. The underlying proprietary AI algorithm is trained on retail data to improve accuracy. Dayta AI recently raised funding to accelerate research & development and optimize overseas expansion.

  • X0PA AI

    Participated · Series A · Jan 2022

    X0PA AI is a B2B AI-powered SaaS platform that applies patented algorithms to source, score and rank talent, aiming to reduce inefficiencies and subjectivity in traditional hiring. The platform assesses candidates beyond age, gender and race to promote equitable matches aligned with UN SDGs for equal opportunity. X0PA emphasizes ethical AI and data science to maximize objectivity in hiring and improve workplace fit and happiness. The company reports growth into new markets and the launch of inclusive hiring innovations. Financially, X0PA announced a $4.2M Series A in January 2022 to scale its objective hiring and selection solutions. X0PA was founded in 2017 by Nina Alag Suri and is headquartered in Singapore, with offices across APAC, India, the UK and the UAE and partners globally. X0PA AI is a Singapore-headquartered startup that offers an AI Software-as-a-Service platform intended to make hiring more scientific, objective and scalable. Its platform combines advanced algorithms, predictive analytics, natural language processing, video assessments and robotic process automation to streamline recruiting and improve person-job fit. X0PA has developed cloud-based tools for government, academia and enterprises and is a strategic partner of Microsoft. The company was enrolled in IMDA’s SG:D Spark programme and was recognized by IDC as an AI-automation Innovator for APAC. X0PA has a presence in the United Kingdom, UAE and India. The company recently closed a Pre-Series A funding round of USD1.5M, comprised of part equity and part convertible note.

Team