BEENEXT 1

BEENEXT Capital Management is a venture capital firm established in 2015 and based in Singapore. It focuses on early-stage investments in technology startups, particularly in the information technology, SaaS, and fintech sectors. The firm primarily targets seed and Series A funding rounds and aims to support founders by leveraging its operational experience, extensive network, and unique insights. BEENEXT seeks to create a global platform for founders, emphasizing collaboration among entrepreneurs, particularly in South East Asia, India, and Japan. Since its inception, the firm has invested in over 180 companies worldwide, reflecting its commitment to fostering innovation and growth in the digital landscape.

Hero Choudary

Managing Partner

Hero Choudhary

Partner

Anirudh Garg

Partner

Nao Ito

Operating Partner

Yusuke Kono

Investor

Hironori Maeda

Managing Partner

Hiro Maeda

Managing Partner

Danella Rachel Muljono

Associate

Ricky Nguyen

Director, Operations and Finance

Chinh Nguyen

Investor

Yukano Nishijima

Investment Manager

Dirk van Quaquebeke

Managing Partner

Faiz Rahman

Partner

Teruhide Sato

Founder and CEO

Chinmaya Saxena

Partner, Community Strategy

Esther Yi

Investor

Past deals in Philippines

PDAX

Series B in 2022
PDAX is a digital currency exchange based in the Philippines that facilitates the buying, selling, and trading of cryptocurrencies, such as Bitcoin, against the Philippine Peso. As the first order-book based exchange in the country, PDAX aims to provide users with a cost-effective way to access digital assets, addressing historical barriers to entry for the average Filipino investor. The platform features a trade matching engine that ensures liquidity and competitive pricing, while also offering various order types, including limit and stop orders. Additionally, it supports fund deposits and withdrawals through a network of online and offline channels, allowing for fair pricing and instant order execution, which enables traders to effectively track market trends.

PDAX

Venture Round in 2021
PDAX is a digital currency exchange based in the Philippines that facilitates the buying, selling, and trading of cryptocurrencies, such as Bitcoin, against the Philippine Peso. As the first order-book based exchange in the country, PDAX aims to provide users with a cost-effective way to access digital assets, addressing historical barriers to entry for the average Filipino investor. The platform features a trade matching engine that ensures liquidity and competitive pricing, while also offering various order types, including limit and stop orders. Additionally, it supports fund deposits and withdrawals through a network of online and offline channels, allowing for fair pricing and instant order execution, which enables traders to effectively track market trends.

Sprout Solutions

Series A in 2019
Sprout Solutions is a payroll and HR software provider that focuses on emerging markets, particularly in the Philippines, Singapore, and Indonesia. The company offers a comprehensive platform that automates various administrative tasks related to HR and payroll, replacing traditional methods such as spreadsheets and printed forms. Its services include a fully automated timekeeping and attendance system utilizing biometrics, single-click payroll processing, and prescriptive analytics. Additionally, Sprout provides a cloud-based human resource information system that consolidates recruitment operations, helping businesses streamline their HR functions and effectively address payroll, human resource, and recruitment challenges. Through its suite of backend services, Sprout Solutions aims to support companies in their growth and operational efficiency.

Sprout Solutions

Seed Round in 2018
Sprout Solutions is a payroll and HR software provider that focuses on emerging markets, particularly in the Philippines, Singapore, and Indonesia. The company offers a comprehensive platform that automates various administrative tasks related to HR and payroll, replacing traditional methods such as spreadsheets and printed forms. Its services include a fully automated timekeeping and attendance system utilizing biometrics, single-click payroll processing, and prescriptive analytics. Additionally, Sprout provides a cloud-based human resource information system that consolidates recruitment operations, helping businesses streamline their HR functions and effectively address payroll, human resource, and recruitment challenges. Through its suite of backend services, Sprout Solutions aims to support companies in their growth and operational efficiency.

SolarHome

Convertible Note in 2018
SolarHome Pte. Ltd. is a company based in Singapore that focuses on providing solar energy solutions to off-grid households in Southeast Asia. Founded in 2016, it specializes in the installation of integrated solar energy and appliance units, offering customers affordable rent-to-own plans through a Pay-As-You-Go (PAYG) model. This approach allows users to pay monthly fees that are comparable to their existing expenditures on traditional energy sources, significantly lowering the barriers to adopting solar technology. SolarHome aims to make a substantial social impact by serving around 27 million households in the region that lack access to the electric grid. The company's operations extend to several countries, including the Philippines, Cambodia, Myanmar, and Indonesia.

SolarHome

Venture Round in 2017
SolarHome Pte. Ltd. is a company based in Singapore that focuses on providing solar energy solutions to off-grid households in Southeast Asia. Founded in 2016, it specializes in the installation of integrated solar energy and appliance units, offering customers affordable rent-to-own plans through a Pay-As-You-Go (PAYG) model. This approach allows users to pay monthly fees that are comparable to their existing expenditures on traditional energy sources, significantly lowering the barriers to adopting solar technology. SolarHome aims to make a substantial social impact by serving around 27 million households in the region that lack access to the electric grid. The company's operations extend to several countries, including the Philippines, Cambodia, Myanmar, and Indonesia.

Coins.ph

Series A in 2016
Coins.ph is a financial technology company based in Pasig City, Philippines, founded in 2014. It operates a mobile wallet that provides consumers and small businesses with access to a range of financial services. The platform enables users to transfer money, pay bills, load mobile phones, and engage in cryptocurrency transactions, including buying and selling bitcoins. Coins.ph also facilitates local and international remittances, online shopping, and game credits, making financial transactions more accessible through mobile devices and blockchain technology. The company offers features such as ATM cash pickup, merchant services, and a user-friendly mobile application, allowing customers to manage their finances without the burden of minimum cash-in amounts or monthly fees. Coins.ph operates as a subsidiary of PT Go-Jek Indonesia.

Ayannah

Series A in 2015
Ayannah is a prominent provider of digital financial services aimed at the emerging middle class, particularly focusing on migrants and unbanked individuals. The company offers affordable and accessible digital commerce and payment solutions to promote financial inclusion and literacy among underserved populations. By empowering unbanked migrants, Ayannah enables them to manage their remittances more effectively, allowing for better support to their beneficiaries in their home countries. The company's innovative platform encompasses a range of services, including payments, commerce, and analytics, primarily delivered through social and mobile channels. With millions of online and mobile transactions facilitated, Ayannah is supported by a skilled team of experienced professionals and emerging talent in web and mobile application development. The company enjoys a growing and loyal customer base worldwide, contributing to stable and recurring revenue streams.

Kaodim Group

Series A in 2015
Kaodim Group is a leading service marketplace in Southeast Asia, headquartered in Petaling Jaya, Malaysia. Established in 2014, the company operates platforms in Malaysia, Singapore, the Philippines, and Indonesia, connecting users with verified service professionals for a variety of tasks. The services offered include plumbing, electrical work, photography, personal training, and more, catering to needs in homes, events, health and fitness, automotive, and office settings. Through its mobile and web applications, Kaodim facilitates the hiring process by providing customized quotations, detailed service provider profiles, and user reviews, ensuring that customers can make informed decisions when selecting a service provider. By linking local communities with trustworthy professionals, Kaodim aims to enhance the overall service experience in the region.
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