Cocoon Capital

Cocoon Capital is a Singapore-based venture capital firm founded in 2016 that specializes in early-stage investments in business-to-business enterprise and deep tech companies throughout Southeast Asia. The firm targets investments at a point where companies have begun to achieve initial traction but still require refinement of their products and business models. Cocoon Capital's experienced partners actively collaborate with portfolio companies to help them progress towards the Series A funding stage, providing support and guidance to enhance their growth potential.

Michael Blakey

Managing Partner

Zong Xi Sia

Investment Director

41 past transactions

Aleph

Seed Round in 2025
Alepha is an AI Co-pilot for Process Manufacturing. It specializes on AI-powered solutions for optimizing industrial processes.

TransTRACK

Series A in 2024
TransTRACK is a technology startup that specializes in digitalizing fleet operations for the transportation and logistics industry. The company offers solutions designed to optimize fleet productivity and operational efficiency, enabling businesses to reduce costs, increase sustainability, and maximize productivity. TransTRACK's Fleet Operation Optimizer enhances the shipping process by serving as a centralized control system for fleet management, drivers, and cargo. Its Transportation Management system ensures timely deliveries, while the Truck Appointment System addresses issues related to truck congestion and loading/unloading efficiency. By implementing TransTRACK's solutions, businesses can achieve significant improvements, such as a 40% increase in productivity and fleet utilization, and a 30% reduction in overtime, fuel and labor costs, total mileage, and idle time.

Aprisium

Series A in 2024
Aprisium specializes in on-site contamination detection and monitoring solutions that utilize advanced AI analytics for real-time environmental assessments. By offering instantaneous testing, the company eliminates the delays associated with traditional test results. Aprisium's services cater to a variety of sectors, including commercial, industrial, municipal, and agricultural, with a focus on protecting both the environment and public health. Their cloud-based software provides detailed measurements and continuous monitoring, allowing industries to gain pre-emptive insights and conduct cause-and-effect analyses on contamination issues. This innovative approach enables clients to effectively manage and mitigate contamination risks across solids, semi-solids, and water.

ArrowBiome

Seed Round in 2024
Founded in 2022, we are a spin-out from Singapore-MIT Alliance for Research and Technology (SMART) and NTU Lee.

Shomvob

Pre Seed Round in 2024
Shomvob is an integrated fintech and HR-tech platform designed to serve the emerging frontline workforce in Bangladesh. The platform focuses on creating job opportunities by assisting individuals in developing a digital professional identity and expanding their professional networks. By aligning job offerings with users' skills, qualifications, and expectations, Shomvob enhances employment prospects. Additionally, the company promotes financial inclusion through a comprehensive payroll financing product, further supporting the workforce in accessing essential financial services.

Karzo

Seed Round in 2024
Karzo is a pioneering B2B logistics platform in Myanmar that connects trucking suppliers with businesses to facilitate reliable distribution. The platform offers a tech-driven solution designed to help suppliers generate consistent and dependable business. By operating a virtual truck fleet, Karzo streamlines various aspects of the supply chain, including linehaul, containers, customs clearance, warehousing, import, export, and cross-border logistics. This comprehensive approach enables corporate enterprises to efficiently transport cargo throughout the country, thereby eliminating logistical uncertainties and enhancing operational efficiency.

Lendela

Series A in 2023
Lendela, founded in 2018, is a fintech company focused on simplifying the loan application process and enhancing financial accessibility. The platform matches borrowers with personalized loan offers through a single application, providing greater choice and transparency compared to traditional lending methods. By utilizing customer information and collaborating with over 100 lending partners, Lendela ensures clients are paired with the most suitable lenders, fostering informed financial decisions. Since its inception, Lendela has assisted over 300,000 consumers and is actively expanding its unique model across the Asia Pacific region. In 2023, the company raised $5 million in a Series A funding round, supported by investors such as Walter de Oude’s Chocolate Ventures and Cocoon Capital. Lendela currently operates in Singapore, Hong Kong, and Australia.

Augmentus

Series A in 2023
Augmentus is a robotics technology company specializing in solutions for robot vision and motion planning. It offers no-code AI software that simplifies robotic automation, allowing non-technical professionals to develop, deploy, and repurpose robotic systems for various applications, including welding, finishing, and painting. By providing an intuitive graphical interface, Augmentus eliminates the need for extensive robot expertise and reduces programming downtime. This approach enables manufacturers to achieve faster return on investment by lowering the time, cost, and skill barriers associated with industrial automation. Companies utilizing Augmentus' technology have reported significant reductions in downtime, enhancing operational efficiency and facilitating a smoother transition to full automation.

Qashier

Series A in 2023
Qashier is a company that specializes in smart point-of-sale solutions aimed at helping merchants digitize their businesses. Founded in 2019 and headquartered in Singapore, Qashier's flagship product is the Qashier Smart Terminal, a multi-purpose device that integrates a payments hub, advanced POS software, and a proprietary app store. This all-in-one terminal allows merchants to efficiently manage their operations, facilitating the start, running, and growth of their stores. The system also supports third-party application integration, enhancing its functionality and offering merchants a versatile tool for their business needs.

Frontline

Seed Round in 2023
Frontline is a software development company based in Singapore, established in 2021. It specializes in pre-construction management software designed to optimize construction projects by ensuring just-in-time delivery. Utilizing artificial intelligence, Frontline's software analyzes construction activities to determine the most efficient sequence, helping users identify tasks that are ahead of schedule, on track, or delayed. The platform generates recovery plans and various scheduling options, taking into account factors such as construction duration, resource loading, and costs. By allowing construction professionals to manage constraints like sequence, available manpower, and working hours, Frontline aims to streamline construction activities and enhance overall project efficiency.

TransTRACK

Seed Round in 2023
TransTRACK is a technology startup that specializes in digitalizing fleet operations for the transportation and logistics industry. The company offers solutions designed to optimize fleet productivity and operational efficiency, enabling businesses to reduce costs, increase sustainability, and maximize productivity. TransTRACK's Fleet Operation Optimizer enhances the shipping process by serving as a centralized control system for fleet management, drivers, and cargo. Its Transportation Management system ensures timely deliveries, while the Truck Appointment System addresses issues related to truck congestion and loading/unloading efficiency. By implementing TransTRACK's solutions, businesses can achieve significant improvements, such as a 40% increase in productivity and fleet utilization, and a 30% reduction in overtime, fuel and labor costs, total mileage, and idle time.

Buymed

Series B in 2023
BuyMed operates an e-commerce website that connects pharmaceutical manufacturers, distributors, and clinics. Its platform, Thuocsi.vn, works on a variety of projects, including e-commerce, seller centers, supply portals, WMS, POS, and logistics services. It has been implementing the Circa pharmacy project, focusing more on patient customers.

The Iterative Collective

Seed Round in 2023
The Iterative Collective is a venture-backed indie game publisher and collective of game studios based in Singapore, founded in 2019. The organization focuses on supporting independent game developers by providing a structured approach to the incubation and publishing of games. With a team of experienced professionals and industry veterans as mentors, The Iterative Collective addresses the challenges faced by developers in the gaming industry. Its mission is to enhance the rapidly growing yet underserved game development ecosystem in Southeast Asia, helping to create exceptional gaming experiences that resonate with audiences around the world.

Buymed

Series B in 2023
BuyMed operates an e-commerce website that connects pharmaceutical manufacturers, distributors, and clinics. Its platform, Thuocsi.vn, works on a variety of projects, including e-commerce, seller centers, supply portals, WMS, POS, and logistics services. It has been implementing the Circa pharmacy project, focusing more on patient customers.

PixCap

Seed Round in 2023
PixCap is a cloud-based platform that provides a web editor for creating and exporting 3D designs, catering to designers of all experience levels. The platform aims to simplify the typically complex and time-consuming process of 3D animation, which is often associated with high costs. By enabling users to customize 3D assets and produce images, videos, or various 3D formats quickly, PixCap addresses the growing demand for 3D content across industries such as gaming, augmented reality, virtual reality, television, and advertising. The platform also incorporates AI motion capture technology, facilitating collaboration among teams and making it easier for users to create animations without prior 3D expertise.

GuardRails

Series A in 2022
GuardRails Pte., Ltd. is a Singapore-based company founded in 2017 that operates a platform designed to enhance application security for developers. The platform enables developers to identify, fix, and prevent vulnerabilities in their web and mobile applications by providing continuous security feedback. It integrates directly with developers' version control systems, scanning code changes in real time and offering immediate remediation guidance for any detected security issues. This approach allows development teams to enhance the security of their applications efficiently, without needing extensive input from security experts. GuardRails is trusted by numerous teams globally, reflecting its effectiveness in safeguarding applications throughout the development process.

Lytehouse

Seed Round in 2021
Lytehouse is a developer of AI-powered security monitoring systems that enhance visibility and response times for various industries. Their platform aggregates and analyzes video feeds from existing security sensors, transforming fragmented data into intelligent alerts. This capability allows control rooms to employ preventive and proactive monitoring, improving operator efficiency while reducing false alarms. The user-friendly interface enables quick onboarding and camera management, facilitating the creation of customized rules. By optimizing existing hardware and minimizing setup costs, Lytehouse enhances operational capacity for clients in telecommunications, insurance, and security sectors, ultimately improving service quality through targeted threat management.

HALANA.VN

Seed Round in 2021
Halana.vn is the first online B2B marketplace in Vietnam focusing on industrial sectors (Manufacturing & Construction), allows businesses to sell and purchase any industrial demands. Furthermore, Halana.vn also offers digital management with SaaS WMS (Warehouse Management System) and E-Procurement. We currently focus on the MRO (Maintenance - Repair - Operations) and M&E (Mechanical and Electrical), in order to provide repair and replacement equipment, as well as necessary consumable materials for the operation of factories and industrial systems. Our MRO products include electrical - water supply tools and equipment, occupational safety and fire protection equipment, hand tools, chemicals, lighting equipment, warehouse services, supporting industry materials, and many more. MRO costs account for 1 - 5% of the total annual spending of a manufacturing enterprise, equivalent to the cost of M&E in the construction industry. We believe that with our ever-improving solutions, Halana's customers and partners will be able to forget about the time-consuming paperwork process, be fully proactive in all situations, and remove all barriers to finding partners, comparing quotes, setting up order processing, statistics, and analysis... Halana.vn aspires to expand beyond Vietnam, reaching millions of enterprises across national lines, promoting the growth of the global supply chain, connecting the sources force, and creating a supporting industrial community that resonates, develops, and grows together.

Buymed

Series B in 2021
BuyMed operates an e-commerce website that connects pharmaceutical manufacturers, distributors, and clinics. Its platform, Thuocsi.vn, works on a variety of projects, including e-commerce, seller centers, supply portals, WMS, POS, and logistics services. It has been implementing the Circa pharmacy project, focusing more on patient customers.

Adravision

Pre Seed Round in 2021
Adravision is a developer of diagnostic software specifically designed for dental clinics to enhance the accuracy and speed of detecting cavities and other dental issues in X-rays. The software integrates seamlessly into existing systems, providing visual aids that facilitate effective communication with patients. By improving diagnostic capabilities, Adravision enables dental practitioners to increase patient confidence, ultimately leading to a higher volume of booked procedures and increased revenue for clinics.

Shoplinks

Seed Round in 2021
Shoplinks is a developer of a marketing and loyalty platform that empowers consumer packaged goods (CPG) retailers to effectively distribute and personalize coupons for shoppers across both online and offline channels. The platform enables retailers to quickly establish their online stores, manage product availability, handle orders, and engage with consumers. By facilitating omnichannel promotion personalization, Shoplinks allows retailers to align their promotional strategies with specific marketing objectives, enhancing their ability to connect with consumers and drive sales.

TransTRACK

Seed Round in 2021
TransTRACK is a technology startup that specializes in digitalizing fleet operations for the transportation and logistics industry. The company offers solutions designed to optimize fleet productivity and operational efficiency, enabling businesses to reduce costs, increase sustainability, and maximize productivity. TransTRACK's Fleet Operation Optimizer enhances the shipping process by serving as a centralized control system for fleet management, drivers, and cargo. Its Transportation Management system ensures timely deliveries, while the Truck Appointment System addresses issues related to truck congestion and loading/unloading efficiency. By implementing TransTRACK's solutions, businesses can achieve significant improvements, such as a 40% increase in productivity and fleet utilization, and a 30% reduction in overtime, fuel and labor costs, total mileage, and idle time.

Augmentus

Seed Round in 2021
Augmentus is a robotics technology company specializing in solutions for robot vision and motion planning. It offers no-code AI software that simplifies robotic automation, allowing non-technical professionals to develop, deploy, and repurpose robotic systems for various applications, including welding, finishing, and painting. By providing an intuitive graphical interface, Augmentus eliminates the need for extensive robot expertise and reduces programming downtime. This approach enables manufacturers to achieve faster return on investment by lowering the time, cost, and skill barriers associated with industrial automation. Companies utilizing Augmentus' technology have reported significant reductions in downtime, enhancing operational efficiency and facilitating a smoother transition to full automation.

JazzyPay

Seed Round in 2020
JAZZYPAY is a web and mobile app that enables customers to pay Clinics, Hospitals, and Schools directly using Credit Cards, Debit Cards, Online Banking, Digital Wallets, and Over-the-counter cash deposits. Our vision is to provide world-class unified payment gateway and invoicing solutions in the Philippines and other developing countries across Southeast Asia and beyond. JAZZYPAY, INC. is a company owned by JAZZYPAY GLOBAL PTE. LTD (“JAZZYPAY GLOBAL”), which is a Singapore based company invested by RAKUTEN (Japan), TechStars (US), and Cocoon Capital (Singapore). JazzyPay Inc is also a registered Operator of Payments System (OPS) regulated by Bangko Sentral ng Pilipinas (BSP).

PixCap

Seed Round in 2020
PixCap is a cloud-based platform that provides a web editor for creating and exporting 3D designs, catering to designers of all experience levels. The platform aims to simplify the typically complex and time-consuming process of 3D animation, which is often associated with high costs. By enabling users to customize 3D assets and produce images, videos, or various 3D formats quickly, PixCap addresses the growing demand for 3D content across industries such as gaming, augmented reality, virtual reality, television, and advertising. The platform also incorporates AI motion capture technology, facilitating collaboration among teams and making it easier for users to create animations without prior 3D expertise.

See-Mode

Series A in 2020
See-Mode is a medical technology startup focused on enhancing stroke prediction and prevention through advanced medical image analysis. By integrating artificial intelligence and computational fluid dynamics, the company provides clinicians with critical information that traditional clinical tools often lack, enabling faster and more accurate analysis of medical images. This innovation aims to empower doctors to predict strokes effectively, addressing a major health issue, as strokes are a leading cause of death and disability worldwide. See-Mode's commitment to leveraging the latest advances in machine learning helps improve the efficiency and speed of stroke detection, ultimately contributing to better patient outcomes in healthcare settings.

Qashier

Seed Round in 2020
Qashier is a company that specializes in smart point-of-sale solutions aimed at helping merchants digitize their businesses. Founded in 2019 and headquartered in Singapore, Qashier's flagship product is the Qashier Smart Terminal, a multi-purpose device that integrates a payments hub, advanced POS software, and a proprietary app store. This all-in-one terminal allows merchants to efficiently manage their operations, facilitating the start, running, and growth of their stores. The system also supports third-party application integration, enhancing its functionality and offering merchants a versatile tool for their business needs.

FoodRazor

Seed Round in 2020
FoodRazor is a Singapore-based internet company founded in 2015 that offers cloud-based procurement software specifically designed for the food and beverage industry. The platform aims to enhance operational transparency by providing a comprehensive library of historical data, which allows users to access vital insights such as significant price changes and industry benchmarks. By digitizing invoices line by line in real-time, FoodRazor helps restaurateurs, caterers, and accountants streamline their financial documentation and reduce reliance on manual processes. The software consolidates critical information into an easily navigable dashboard, enabling users to analyze and share data efficiently. Ultimately, FoodRazor's mission is to simplify restaurant operations, making them less time-consuming and more accessible, while helping businesses increase their margins.

Buymed

Seed Round in 2020
BuyMed operates an e-commerce website that connects pharmaceutical manufacturers, distributors, and clinics. Its platform, Thuocsi.vn, works on a variety of projects, including e-commerce, seller centers, supply portals, WMS, POS, and logistics services. It has been implementing the Circa pharmacy project, focusing more on patient customers.

GuardRails

Seed Round in 2019
GuardRails Pte., Ltd. is a Singapore-based company founded in 2017 that operates a platform designed to enhance application security for developers. The platform enables developers to identify, fix, and prevent vulnerabilities in their web and mobile applications by providing continuous security feedback. It integrates directly with developers' version control systems, scanning code changes in real time and offering immediate remediation guidance for any detected security issues. This approach allows development teams to enhance the security of their applications efficiently, without needing extensive input from security experts. GuardRails is trusted by numerous teams globally, reflecting its effectiveness in safeguarding applications throughout the development process.

Buymed

Seed Round in 2019
BuyMed operates an e-commerce website that connects pharmaceutical manufacturers, distributors, and clinics. Its platform, Thuocsi.vn, works on a variety of projects, including e-commerce, seller centers, supply portals, WMS, POS, and logistics services. It has been implementing the Circa pharmacy project, focusing more on patient customers.

Karzo

Seed Round in 2019
Karzo is a pioneering B2B logistics platform in Myanmar that connects trucking suppliers with businesses to facilitate reliable distribution. The platform offers a tech-driven solution designed to help suppliers generate consistent and dependable business. By operating a virtual truck fleet, Karzo streamlines various aspects of the supply chain, including linehaul, containers, customs clearance, warehousing, import, export, and cross-border logistics. This comprehensive approach enables corporate enterprises to efficiently transport cargo throughout the country, thereby eliminating logistical uncertainties and enhancing operational efficiency.

SensorFlow

Series A in 2019
SensorFlow is a Singapore-based company focused on creating energy-efficient hotel solutions through the development of smart automation and energy management tools. Funded by the Singapore government, SensorFlow offers flexible and easily installable wireless systems that have demonstrated energy savings of up to 30% per room annually. By incorporating energy meters that measure consumption and track data in real-time, the company enables hotels to manage their energy use more effectively. SensorFlow aims to contribute to a greener future by providing innovative and affordable sustainable solutions for the hospitality industry.

See-Mode

Seed Round in 2019
See-Mode is a medical technology startup focused on enhancing stroke prediction and prevention through advanced medical image analysis. By integrating artificial intelligence and computational fluid dynamics, the company provides clinicians with critical information that traditional clinical tools often lack, enabling faster and more accurate analysis of medical images. This innovation aims to empower doctors to predict strokes effectively, addressing a major health issue, as strokes are a leading cause of death and disability worldwide. See-Mode's commitment to leveraging the latest advances in machine learning helps improve the efficiency and speed of stroke detection, ultimately contributing to better patient outcomes in healthcare settings.

Lendela

Seed Round in 2018
Lendela, founded in 2018, is a fintech company focused on simplifying the loan application process and enhancing financial accessibility. The platform matches borrowers with personalized loan offers through a single application, providing greater choice and transparency compared to traditional lending methods. By utilizing customer information and collaborating with over 100 lending partners, Lendela ensures clients are paired with the most suitable lenders, fostering informed financial decisions. Since its inception, Lendela has assisted over 300,000 consumers and is actively expanding its unique model across the Asia Pacific region. In 2023, the company raised $5 million in a Series A funding round, supported by investors such as Walter de Oude’s Chocolate Ventures and Cocoon Capital. Lendela currently operates in Singapore, Hong Kong, and Australia.

Anywhr

Pre Seed Round in 2018
Anywhr is a modern trip planning company that tailor-makes your holidays according to your unique preferences. Chat with an expert Trip Curator to share what you want on your trip, and get your trip planned and booked to your specifications, hassle-free. You will also get access to a network of local experts for insider information and tips on your destinations, and a 24/7 traveller support hotline throughout your journey. We are tired of reading another “10 things to do in…” article filled with mainstream spots that might even look better on a screen. (Does the internet really NEED another photo of someone trying to hold up the Leaning Tower of Pisa?!) As such, our tailor-made recommendations go beyond the Golden Gate Bridges and Eiffel Towers of the world. We are here to help travellers truly experience a destination, and immerse in authentic, personalised experiences through our global network of insiders and experts, with trips put together by experienced Trip Curators. Anywhr is globally recognised for our trip planning expertise and travel concierge service. We are the recipient of the Google for Startups Scholarship in Silicon Valley, finalist of Google Demo Day Asia, winner of the Digital Travel Summit Pitch Stage, partners of Oxford University, Changi Airport, supported by National University of Singapore (NUS) Enterprise, and featured in The New York Times, CNN, CNBC, Web in Travel, The Straits Times, ChannelNewsAsia, e27, among other global media.

Dexecure

Seed Round in 2018
Dexecure is a company that specializes in website optimization, providing a tool that automates essential tasks to enhance website performance. By leveraging the latest web technologies, Dexecure optimizes websites across various devices, browsers, and bandwidth conditions. Their solution addresses long load times, ensuring that both mobile and desktop websites operate efficiently. This optimization leads to increased page views, improved customer engagement, and higher conversion rates for clients. In a rapidly evolving digital landscape, Dexecure offers an abstraction layer for performance-first content delivery, allowing websites to maintain high performance without compromise.

SensorFlow

Seed Round in 2018
SensorFlow is a Singapore-based company focused on creating energy-efficient hotel solutions through the development of smart automation and energy management tools. Funded by the Singapore government, SensorFlow offers flexible and easily installable wireless systems that have demonstrated energy savings of up to 30% per room annually. By incorporating energy meters that measure consumption and track data in real-time, the company enables hotels to manage their energy use more effectively. SensorFlow aims to contribute to a greener future by providing innovative and affordable sustainable solutions for the hospitality industry.

Hiip

Seed Round in 2017
Hiip is an online advertising platform with the first impact and the largest in Vietnam years. They helping brands and advertisers to connect and collaborate with the right people directly affected based on data networks Assembly and algorithms.

Poundit

Seed Round in 2017
Poundit is an ecommerce startup for electronics, gadgets, and accessories.

Hapz

Seed Round in 2017
Hapz is an experience booking platform that aggregates information on a host of arts and entertainment events. The platform also offers tickets for concerts, festivals, sports matches, and tourist attractions, and curates these according to its users’ preferences. It also provides event organizers with real-time insights on demographics, pricing data and how they compare to other events. Hapz’s offering is the data on pricing trends, demographics, user preferences, and competitor performance that it can provide. It also helps event organizers to pursue more targeted marketing efforts. The platform enables users to discover and book diverse Singapore experiences in a single place at the best available price. Hapz was founded in 2016 and is based in Singapore.
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