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 company that specializes in scalable methane conversion technology, focusing on automated gas-to-product systems. It aims to minimize gas flaring and mitigate its environmental impact through innovative methods. The company employs a non-catalytic, partial-oxidation reformer approach to produce low-carbon methanol from methane-rich stranded gas. This technology is versatile, accepting various feedstocks such as landfill gas, biogas, and well gas. By converting these waste streams into valuable products, M2X Energy provides essential climate services that help businesses enhance their environmental sustainability efforts.

TaniHub

Series B in 2021
TaniHub is a Jakarta-based B2B agriculture marketplace established in 2015 that connects local farmers with businesses in the food service industry, including hotels, restaurants, and catering services. The company provides an e-commerce platform for agricultural products, facilitating market access for farmers and enabling them to sell their crops to various customers, including micro, small, and medium enterprises (MSMEs). By empowering local farmers with enhanced market access and financial opportunities, TaniHub plays a significant role in promoting agricultural sustainability and economic growth in Indonesia.

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 Investment Holdings

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, established in 2012. The company specializes in a wide range of printed goods tailored for both personal and business needs. Its offerings include business cards, brochures, flyers, banners, calendars, T-shirts, and various promotional items, making it a versatile option for corporate clients, the food and beverage industry, and event organizers. Printerous aims to streamline the printing process by allowing customers to place orders online, eliminating the need for physical visits to printing shops and reducing wait times. By providing high-quality printed products through a convenient digital platform, Printerous enhances the efficiency of traditional printing services.

Ralali

Series C in 2019
Ralali is an Indonesian e-commerce company that operates a B2B online marketplace designed to facilitate local trade by connecting suppliers and buyers across various sectors. Established in 2013 and based in Tangerang, Ralali initially focused on Industrial and MRO categories but has since expanded its offerings to include Office supplies, Automotive, Medical, Agriculture, Home & Building, as well as Hotel and Restaurant Equipment. The platform features a comprehensive network of buyers and sellers, along with tools for credit and promotions, which help businesses enhance their reach and increase sales. Ralali aims to streamline the buying and selling process, making it easier, safer, and more transparent for businesses in Indonesia.

Validus Investment Holdings

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. Founded in 2015 and based in Jakarta, Indonesia, the company offers a diverse range of products including kitchen and dining room items, decor, bedroom furniture, mattresses, bathroom fixtures, household appliances, and lighting solutions. Dekoruma aims to address inefficiencies in the home and living industry by connecting customers with interior designers, suppliers, and vendors, thereby providing comprehensive solutions for their home decor needs.

Ralali

Series B in 2018
Ralali is an Indonesian e-commerce company that operates a B2B online marketplace designed to facilitate local trade by connecting suppliers and buyers across various sectors. Established in 2013 and based in Tangerang, Ralali initially focused on Industrial and MRO categories but has since expanded its offerings to include Office supplies, Automotive, Medical, Agriculture, Home & Building, as well as Hotel and Restaurant Equipment. The platform features a comprehensive network of buyers and sellers, along with tools for credit and promotions, which help businesses enhance their reach and increase sales. Ralali aims to streamline the buying and selling process, making it easier, safer, and more transparent for businesses in Indonesia.

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 specializing in residential properties. Founded in 2016 and headquartered in Chiang Mai, with additional offices in Bangkok and Nakhon Ratchasima, Baania aims to empower consumers by providing essential information and insights for buying, selling, renting, and financing homes. The platform connects buyers, sellers, developers, realtors, banks, and other professionals in the real estate sector, streamlining the often complex processes involved in property transactions. Baania boasts a robust database of over one million homes and features innovative tools, such as the Bestimate, Thailand's first online automated valuation service, which offers users comprehensive and up-to-date insights on property values. By leveraging extensive data analytics, Baania enables customers to make informed decisions, compare properties, and assess historical pricing trends.

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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