AddVentures

AddVentures by SCG, established in 2017, is the corporate venture capital arm of Siam Cement Public Company, located in Bangkok, Thailand. The firm focuses on investing in innovative technology startups across various sectors, including business-to-business solutions, health and biotechnology, digital business models, urbanization, energy connectivity, and climate change. By partnering with and investing in promising digital innovations, AddVentures aims to accelerate the growth of technologies and companies that align with its strategic vision and core values. As a subsidiary of SCG, a leading industrial conglomerate in Southeast Asia, AddVentures leverages its extensive industry expertise to foster advancements in the industrial landscape.

Joshua Pas

Managing Director

17 past transactions

Bizongo

Series D in 2021
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

M2X Energy

Series A in 2021
M2X Energy is a technology company focused on converting methane into valuable products, particularly through its automated gas-to-product systems. The company employs a non-catalytic, partial-oxidation reformer approach to produce low-carbon methanol from various methane-rich feedstocks, such as landfill gas, biogas, and well gas. By minimizing gas flaring, M2X Energy aims to reduce environmental impact and provide essential climate services, enabling businesses to transform waste natural gas into useful products while contributing to climate protection efforts.

TaniHub

Series B in 2021
TaniHub is a B2B agriculture marketplace based in Indonesia that connects farmers with businesses in the food, hotel, restaurant, and catering sectors. Established in 2015 by co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan, TaniHub provides an e-commerce platform for agricultural products. The platform empowers local farmers by facilitating market access and financial opportunities, allowing them to sell their crops to individuals and micro, small, and medium enterprises (MSMEs) across various regions.

Bizongo

Series C in 2021
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

Builk

Series B in 2021
Builk Asia Co., Ltd. is a Bangkok-based company that specializes in providing construction project management software solutions. Founded in 2009, Builk offers tools such as CostControl, which enables users to manage project budgets and create essential construction documents like RFQs, POs, and invoices in a cloud environment. This software also allows project managers to access real-time reports on project summaries, costs, and income. Additionally, Builk's SiteWalk feature facilitates instant communication and issue resolution among project teams, enabling collaboration with both internal and external stakeholders. By integrating these functionalities, Builk streamlines the construction process, allowing companies to enhance efficiency and maintain better financial oversight.

Validus Capital

Series B in 2020
Validus Capital is a fintech company focused on providing growth financing to underserved small and medium enterprises (SMEs) in the ASEAN region, including Singapore, Indonesia, Vietnam, and Thailand. The company utilizes data and artificial intelligence to enhance the financing process, facilitating access to secured short-term and medium-term credit. Through its online marketplace, Validus employs a peer-to-peer lending model that connects SMEs with accredited investors, enabling businesses to secure financing efficiently while minimizing costs associated with financial intermediation. Validus is committed to driving inclusive economic growth by partnering with corporations to support SME ecosystems and holds regulatory licenses from authorities such as the Monetary Authority of Singapore and Indonesia's OJK.

Printerous

Series A in 2020
Printerous is an online printing service based in Jakarta Barat, Indonesia, founded in 2012. The company specializes in producing a wide range of printed goods for both personal and business needs. Its offerings include items such as business cards, brochures, flyers, calendars, banners, T-shirts, posters, and various promotional products. Printerous aims to streamline the printing process by providing a convenient online platform, allowing customers to place orders without the hassle of visiting a physical store. This online approach not only saves time but also enhances efficiency for businesses in sectors such as corporate, food and beverages, and events. By digitizing traditional printing methods, Printerous facilitates easy access to high-quality printing solutions tailored to diverse client requirements.

Ralali

Series C in 2019
Ralali is an e-commerce company based in Tangerang, Indonesia, that operates a business-to-business online marketplace. Established in 2013, it connects suppliers and buyers across various sectors, initially focusing on Industrial and MRO categories before expanding to include Office supplies, Automotive, Medical, Agriculture, Home & Building, and Hotel & Restaurant Equipment, among others. The platform facilitates business transactions by providing a large network of buyers and sellers, along with credit options and promotional tools that assist businesses in broadening their reach and boosting sales. Ralali aims to simplify and enhance the buying and selling process, ensuring that transactions are conducted safely and transparently.

Validus Capital

Series B in 2019
Validus Capital is a fintech company focused on providing growth financing to underserved small and medium enterprises (SMEs) in the ASEAN region, including Singapore, Indonesia, Vietnam, and Thailand. The company utilizes data and artificial intelligence to enhance the financing process, facilitating access to secured short-term and medium-term credit. Through its online marketplace, Validus employs a peer-to-peer lending model that connects SMEs with accredited investors, enabling businesses to secure financing efficiently while minimizing costs associated with financial intermediation. Validus is committed to driving inclusive economic growth by partnering with corporations to support SME ecosystems and holds regulatory licenses from authorities such as the Monetary Authority of Singapore and Indonesia's OJK.

Dekoruma

Series B in 2018
PT Dekoruma Inovasi Lestari operates an online platform that specializes in selling home furnishings and furniture in Jakarta, Indonesia. Founded in 2015, the company offers a diverse range of products, including kitchen and dining room items, decor, mattresses, and household appliances. In addition to retail, Dekoruma connects customers with interior designers, suppliers, and vendors, aiming to enhance the efficiency of the home and living industry. The platform is designed to meet the home decor needs of customers at affordable prices, making it a comprehensive solution for interior design and furnishing.

Ralali

Series B in 2018
Ralali is an e-commerce company based in Tangerang, Indonesia, that operates a business-to-business online marketplace. Established in 2013, it connects suppliers and buyers across various sectors, initially focusing on Industrial and MRO categories before expanding to include Office supplies, Automotive, Medical, Agriculture, Home & Building, and Hotel & Restaurant Equipment, among others. The platform facilitates business transactions by providing a large network of buyers and sellers, along with credit options and promotional tools that assist businesses in broadening their reach and boosting sales. Ralali aims to simplify and enhance the buying and selling process, ensuring that transactions are conducted safely and transparently.

Builk

Venture Round in 2018
Builk Asia Co., Ltd. is a Bangkok-based company that specializes in providing construction project management software solutions. Founded in 2009, Builk offers tools such as CostControl, which enables users to manage project budgets and create essential construction documents like RFQs, POs, and invoices in a cloud environment. This software also allows project managers to access real-time reports on project summaries, costs, and income. Additionally, Builk's SiteWalk feature facilitates instant communication and issue resolution among project teams, enabling collaboration with both internal and external stakeholders. By integrating these functionalities, Builk streamlines the construction process, allowing companies to enhance efficiency and maintain better financial oversight.

Baania

Series A in 2018
Baania is Thailand's leading online marketplace and data platform for residential properties, established in 2016 and headquartered in Chiang Mai, with additional offices in Bangkok and Nakhon Ratchasima. The platform aims to empower consumers by providing vital information and insights for buying, selling, renting, and financing homes. Baania streamlines the often complex process of real estate transactions by connecting buyers, sellers, developers, realtors, and banks through its comprehensive database of over one million homes. It offers data-driven analytical tools, including Thailand's first automated valuation service, Bestimate, which delivers up-to-date market insights and historical price comparisons. This enables users to make informed decisions regarding their real estate endeavors. Baania has successfully secured funding from local investors and notable venture capital firms over multiple rounds, further solidifying its position in the real estate market.

PEGASI

Pre Seed Round in 2016
PEGASI International focuses on improving healthcare accessibility and quality in Latin America by leveraging technology and data management. The company aggregates non-sensitive big data to create healthcare business intelligence tools aimed at enhancing regional development. Its primary product, the 20/20 platform, is a HIPAA-compliant health information system that hosts over 50 million patient records through a software-as-a-service model. Additionally, PEGASI has developed an oncology information system designed to streamline the treatment process for cancer patients by organizing data in an anonymized format. This system facilitates the development of algorithms that support clinical decision-making, ensuring that patients, healthcare providers, and doctors have access to clear and secure information.
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