Linnovate Partners
Private Equity Round in 2024
Linnovate Partners is a prominent asset services provider based in Kowloon, Hong Kong, specializing in the alternative investments sector. Founded in 2016, the firm supports asset managers, family offices, institutional investors, and funds of funds by offering a comprehensive suite of services that includes fund administration, investor relations, regulatory compliance, portfolio monitoring, reporting services, and consulting. Linnovate Partners is distinguished by its proprietary cloud-based platform, RAISE, which integrates all functions of alternative investing into a cohesive ecosystem, enhancing accessibility and efficiency for its clients. With a global presence, the firm administers over $130 billion in assets across more than 600 private equity and venture capital funds. By leveraging deep industry expertise alongside advanced technology, Linnovate Partners aims to optimize operational processes and improve outcomes for investment managers and their investors.
Carsome
Venture Round in 2023
Carsome is an online platform that specializes in the buying and selling of used cars, streamlining the process for both individuals and businesses. Founded in 2015 and headquartered in Malaysia, the company has expanded its operations to Indonesia, Thailand, and Singapore. Carsome offers an array of services, including vehicle inspection, valuation, and logistics, facilitating a seamless transaction between sellers and dealers. Through its online bidding portal, customers can sell their cars quickly, often within a day, without incurring any fees. Additionally, Carsome provides a curated selection of pre-owned vehicles for buyers, enhancing the overall experience in the used car market.
Foundation Healthcare Holdings
Private Equity Round in 2023
Foundation Healthcare Holdings is a private multi-specialty healthcare provider based in Singapore. The company focuses on supporting new specialists in establishing their private practices while also assisting existing specialists in enhancing their operations. By developing a technology-enabled healthcare platform, Foundation Healthcare aims to create value for patients through collaboration with various stakeholders within the healthcare ecosystem. This approach facilitates greater accessibility and convenience for patients seeking medical services, thereby enhancing their overall experience in the healthcare sector.
Onpoint Ecommerce
Series B in 2022
Onpoint E-commerce, founded in 2016 and based in Ho Chi Minh City, Vietnam, specializes in providing customized, all-in-one eCommerce solutions tailored for brands. The company focuses on enhancing the online retail experience through services such as commercial management, merchandising enhancement, online marketing, and B2C order operations. By partnering with brands, Onpoint aims to drive success in the Vietnamese and Southeast Asian markets, fostering value for businesses, consumers, and partners alike.
Carsome is an online platform that specializes in the buying and selling of used cars, streamlining the process for both individuals and businesses. Founded in 2015 and headquartered in Malaysia, the company has expanded its operations to Indonesia, Thailand, and Singapore. Carsome offers an array of services, including vehicle inspection, valuation, and logistics, facilitating a seamless transaction between sellers and dealers. Through its online bidding portal, customers can sell their cars quickly, often within a day, without incurring any fees. Additionally, Carsome provides a curated selection of pre-owned vehicles for buyers, enhancing the overall experience in the used car market.
The CrownX
Private Equity Round in 2021
The Crown X is an integrated consumer-retail platform.
GoTo Group
Funding Round in 2021
GoTo Group is an Indonesian technology company formed by the merger of Gojek and Tokopedia in May 2021. It integrates e-commerce, ride-hailing, delivery, and financial services into a single platform, primarily serving the Indonesian market. In 2024, GoTo divested its e-commerce business, partnering with TikTok Indonesia to create a new entity. Following this change, the company is expected to see its on-demand services generate the majority of its revenue, while its financial services begin to grow. Before the divestment, a significant portion of its non-financial services revenue was derived from e-commerce activities, and the company plans to expand its offerings to include loans and buy now, pay later options, enhancing its overall service ecosystem.
Neon Group
Private Equity Round in 2021
Neon Group is a global entertainment company headquartered in Singapore, specializing in creating and producing immersive experiences across various domains, including exhibitions, events, and interior architecture. The company has established partnerships with prominent organizations, including The Walt Disney Company, Marvel Entertainment, 20th Century Studios, and NBCUniversal, to develop popular themed exhibitions such as Marvel Avengers S.T.A.T.I.O.N. and Jurassic World: The Exhibition. Additionally, Neon collaborates with the governments of Peru and Egypt to present unique cultural experiences, showcasing original artifacts through exhibitions like Machu Picchu and Ramses the Great. With a commitment to delivering compelling and memorable experiences, Neon Group has successfully engaged millions of visitors across more than 60 cities worldwide, solidifying its position as a leader in the immersive entertainment industry.
Sea is a consumer internet company focused on enhancing the lives of consumers and small businesses in Southeast Asia through technology. Its primary businesses include Shopee, Garena, and SeaMoney. Shopee, the largest e-commerce platform in the region by gross merchandise value and transaction volume, operates as a hybrid C2C and B2C marketplace across eight key markets, with Indonesia being the largest contributor. Originally founded as a gaming company, Garena has evolved significantly, with its game Free Fire becoming the most downloaded game in early 2022 and a major revenue driver. SeaMoney complements these ventures by offering financial services, including lending, which is expected to grow in significance within the company’s portfolio. Through these diverse business lines, Sea aims to capitalize on the burgeoning digital economy in Southeast Asia.
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