Accelerating Asia

Accelerating Asia is an accelerator firm based in Singapore, founded in 2018. It focuses on investing in pre-Series A startups across various sectors, including ed-tech, SaaS, logistics, big data, human resources tech, ad tech, travel tech, ag-tech, and fintech. With a preference for impact investments, Accelerating Asia targets startups that are 6 to 18 months away from institutional funding and offers investments of up to $250,000. The firm aims to support businesses that have a robust product and early customer traction, which are often overlooked by other investors in the region. By running programs for both startups and investors, Accelerating Asia is committed to accelerating the growth of emerging companies and fostering entrepreneurship as a means of driving positive change within communities across Southeast and South Asia.

Craig Dixon

Co-Founder and General Partner

Amra Naidoo

Co-Founder and General Partner

Past deals in Singapore

Palki Motors

Pre Seed Round in 2024
Palki Motors, headquartered in Singapore with operations in Dhaka, Bangladesh, is the country's first indigenous manufacturer of electric cars and pickups. The company specializes in designing and producing electric vehicles tailored for ridesharing drivers and last-mile delivery, with a mission to provide affordable, eco-friendly, and efficient transportation solutions. Palki Motors stands out by manufacturing vehicles in Bangladesh, carrying the "Made in Bangladesh" tag. Their vehicles are built to withstand local road conditions, featuring robust suspension systems, air-conditioning, and battery-swapping options for off-grid areas. With over 1.4 million kilometers driven, Palki Motors has reduced more than 250 tons of CO2 emissions. Commercial drivers using Palki's cars see a 50% increase in earnings, while corporate clients using electric pickups save up to 52% on total ownership costs. The company operates a chain of solar battery charging centers, enabling drivers to use convenient and eco-friendly commutes.

Drive Lah

Seed Round in 2021
Drive Lah is a Singapore-based start-up founded in January 2019, specializing in a peer-to-peer car-sharing platform. The service allows car owners to rent out their vehicles when not in use, addressing the high costs associated with car ownership in Singapore, where vehicles are often parked and underutilized. By facilitating this rental process, Drive Lah enables owners to reduce their expenses while providing renters access to a diverse range of cars at competitive rates. The platform ensures that all trips are insured through a partnership with Tokio Marine, prioritizing safety for both owners and renters. Positioned within the growing non-ownership economy, Drive Lah aims to simplify car access and lead in the field of distance travel.

Casa Mia Coliving

Pre Seed Round in 2021
Casa Mia Coliving is a coliving operator that specializes in offering private bedrooms within shared homes, particularly catering to young professionals in Singapore. Recognizing the challenges of finding suitable accommodation in a competitive market, the company provides affordable living spaces with flexible terms, easing the typically complex house-hunting process. Casa Mia Coliving offers fully furnished rooms, weekly cleaning, laundry services, and essential utilities, all designed to facilitate a seamless transition for newcomers. By leveraging technology, the company streamlines the search process, helping individuals quickly find their ideal home and build a supportive community.

Kinexcs

Seed Round in 2020
Kinexcs is an AI-driven health platform and wearables company dedicated to enhancing mobility and improving quality of life for individuals with musculoskeletal conditions. The company addresses issues related to incomplete recovery and patient compliance by offering digital therapy solutions that are both affordable and convenient. Its flagship product, KIMIA, is the world's first continuous knee health monitor, which integrates with an AI-based digital therapist to provide real-time assessments and exercise guidance. Kinexcs collaborates with key opinion leaders and three major public hospitals in Singapore on various clinical projects and distributes its products through orthopedic surgeons and major implant manufacturers.

BeamAndGo

Pre Seed Round in 2019
BeamAndGo is a Singapore-based company that provides a digital platform allowing overseas Filipinos to purchase essential items for their families in the Philippines. Through its website, BeamAndGo.com, users can buy digital gift certificates that can be redeemed for groceries, medical supplies, and other necessities at various participating stores across the country. This service offers a secure and efficient way for overseas Filipino workers to support their loved ones, ensuring that their purchases directly benefit the intended recipients. The platform includes tools for both senders and recipients to track the status of gift certificates, promoting accountability and transparency. With an affordable service fee starting at USD 1.99, BeamAndGo is expanding its merchant network and continuously adding new partners to enhance its offerings. The company stands out as a pioneer in providing a digital SMS gifting solution in the Philippines, facilitating a convenient way for families to access essential goods.
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