Ardent Capital

Ardent Capital is a venture capital firm founded in 2011 and based in Bangkok, Thailand. The firm specializes in investing in early-stage technology companies throughout Southeast Asia. With a team of experienced entrepreneurs who have a track record of successful exits in the region and beyond, Ardent Capital focuses on combining essential elements such as team dynamics, strategic planning, operational efficiency, marketing expertise, technological innovation, and financial backing to foster the growth of promising startups. The firm is actively engaged in the technology revolution occurring in Southeast Asia, positioning itself as a key player in the development of the region's entrepreneurial landscape.

Piers Bennett

Co-Founder and Director

34 past transactions

Trade Lenda

Pre Seed Round in 2022
Provider of financial services intended to assist micro, small, and informal retailers with access to financing for business needs. The company's platform allows MSMEs to get access to short-term loans to finance their working capital and help more SMEs become bankable while driving access to financial services like credit, insurance, and micro-savings for them, enabling businesses to easily access credit opportunities.

Feather Africa

Pre Seed Round in 2022
Feather Africa is a financial technology company that specializes in facilitating money transactions. Its application allows users to send and receive money easily, enhancing accessibility for users who may not have traditional banking options. One of its key features is the ability for users to withdraw cash without an ATM card by sending funds to nearby cash vendors. This innovative approach aims to simplify the movement of money, making financial services more convenient and available to a broader audience.

Landlord Heaven

Venture Round in 2022
Landlord Heaven provides property technology services. Their solutions are designed to help customers maximize their rental real estate investments and protect their legacies. They help landlords guarantee and increase their rental income.

Kunda Kids

Venture Round in 2022
Kunda Kids is a children's publishing and media company dedicated to promoting diversity and inclusion in children's literature. The company focuses on inspiring young readers to learn about and celebrate African history and culture through its stories and characters. Kunda Kids offers a range of products, including children's books, animations, and a digital learning platform that features stories, audiobooks, and language learning animations. Their content is designed to instill essential life skills such as self-confidence, teamwork, and kindness, contributing to children's overall development and well-being.

MedkitNetwork

Seed Round in 2022
MedkitNetwork is a supply chain and health IT solution company. They offer medkit connect, medkit stocks, medkit float, medkit credit, and medkit consult. They transform businesses through access and the supply chain.

Logistics Hub

Pre Seed Round in 2022
A provider of bespoke delivery services to companies with a particular focus on Quick Service Restaurants.

Zeraki

Seed Round in 2022
Zeraki is to use technology to address some of the obstacles learners encounter in accessing quality education. We use technology to enhance the quality of education students get at each level of education and use technology to help students transition from one level of education to the next, and ultimately from education into employment.

Releaf

Seed Round in 2022
Releaf is an online marketplace based in Nigeria that connects agribusiness buyers and sellers with customers. Founded in 2017, the company specializes in various agricultural products, including cassava, palm oil, ginger, cashew nuts, fish, maize, cocoa, kola nuts, yam, and sesame seeds. Releaf addresses the procurement challenges faced by African food factories, which often operate at less than 30% capacity, by employing advanced pre-processing technology. The company's proprietary oil palm de-sheller significantly enhances input quality, operating 25 times faster than traditional methods, which can double factory margins and recoup costs in under three months. Releaf has garnered support from notable investors, including Breakthrough Energy Ventures and Y Combinator.

Notto

Pre Seed Round in 2022
Notto operates a licensed platform that tracks rent and assesses the creditworthiness of tenants, particularly those from low-income backgrounds and emerging markets. By utilizing bill payment data, Notto calculates credit scores, providing a reliable alternative for individuals who may not have traditional credit histories. The platform offers tenants tools to monitor their past rental payments and a score designed to enhance their financial security. This system not only helps tenants feel safe and dependable while managing transactions but also assists them in obtaining mortgages at favorable interest rates, supporting their financial growth in the informal economy and small business sectors.

Decagon

Seed Round in 2022
Decagon offers software development training services to engineers. It also provides training for mobile development and user experience design. The company was founded in 2018 and is based in Lagos, Nigeria.

Deliveree Logistics

Series A in 2017
Deliveree Logistics is a technology platform based in Bangkok, Thailand, that offers a mobile and web application for booking and managing road cargo transport across Southeast Asia, specifically in Indonesia, the Philippines, and Thailand. Founded in 2015, the platform connects clients with a network of approximately 100,000 active commercial trucks and vehicles, facilitating both full truckload (FTL) and less than truckload (LTL) deliveries. Deliveree aims to optimize logistics by reducing costs and minimizing cargo capacity waste by efficiently matching excess cargo capacity with customer demand on a real-time basis. The company positions itself as a leader in the on-demand logistics market, striving to enhance the efficiency and effectiveness of cargo transport services in the region.

Sulapac

Seed Round in 2017
Sulapac brings solutions to the global plastic waste problem with biodegradable packaging innovation. Sulapac combines luxury, sustainability, and unlimited design possibilities. Sulapac packages can be manufactured using injection molding, extrusion, and blow molding techniques. Sulapac has comparable properties to plastics and by using Sulapac barrier coatings water, oil, and oxygen barrier properties can be further improved.

Goxip

Seed Round in 2016
Goxip is a fashion trend discovery platform that simplifies the search and purchase of fashion and beauty products. With partnerships with over 500 international online retailers, it boasts a comprehensive database of more than 36,000 luxury brands and 5 million items. Users can easily find desired products by searching through text, categories, or images. Goxip connects content with ecommerce, allowing users to discover trends, find inspiration, and share their own styles within a community of fashion enthusiasts. The platform also utilizes product and brand recognition technology, enabling users to shop for similar apparel worn by celebrities and influencers, making the process of finding and purchasing fashion items seamless and engaging.

Orami

Series A in 2016
Orami Group operates an online e-commerce platform that specializes in selling a wide range of products, including apparel, cosmetics, home appliances, and household goods. The platform features categories such as clothing, footwear, beauty products, home décor, baby care items, and health and sports products. It also offers electronics and pet supplies. Orami primarily serves customers in Thailand and Indonesia and was established through the merger of Moxy and Bilna, rebranding itself in February 2016. The company is headquartered in Bangkok and is led by CEO Jeremy Fichet, with plans for regional expansion.

Deliveree Logistics

Seed Round in 2016
Deliveree Logistics is a technology platform based in Bangkok, Thailand, that offers a mobile and web application for booking and managing road cargo transport across Southeast Asia, specifically in Indonesia, the Philippines, and Thailand. Founded in 2015, the platform connects clients with a network of approximately 100,000 active commercial trucks and vehicles, facilitating both full truckload (FTL) and less than truckload (LTL) deliveries. Deliveree aims to optimize logistics by reducing costs and minimizing cargo capacity waste by efficiently matching excess cargo capacity with customer demand on a real-time basis. The company positions itself as a leader in the on-demand logistics market, striving to enhance the efficiency and effectiveness of cargo transport services in the region.

Snapcart

Seed Round in 2016
Snapcart is a cashback application based in Indonesia that allows consumers to earn rewards by taking photos of their receipts. The app provides brands and retailers with real-time insights into consumer behavior, offering a more accurate measurement than traditional research methods. By incentivizing users to engage with their receipts, Snapcart helps businesses connect with shoppers on a personal level, enhancing brand engagement through crowd-sourced data. This innovative approach enables clients to build stronger relationships with consumers, ultimately driving loyalty and improving marketing strategies. Backed by Ardent Capital, Snapcart aims to transform the way brands understand and interact with their customers.

Hubba

Seed Round in 2015
HUBBA Co., Ltd. is a provider of coworking spaces tailored for startup entrepreneurs, innovators, and professionals in Bangkok, Thailand. Established in 2011, HUBBA offers a variety of work environments, including hot desks, private offices, meeting rooms, and multifunction spaces. The company emphasizes creating vibrant communities and providing essential business services to its members. HUBBA has expanded its presence beyond Bangkok, with additional locations in Chiang Mai and Vientiane, and plans for further growth across Southeast Asia. The organization is committed to fostering an environment where individuals can focus on their creative and entrepreneurial pursuits.

HappyFresh

Series A in 2015
HappyFresh is an online grocery platform operating in Southeast Asia, specifically in Indonesia, Malaysia, and Thailand. Founded in 2014, it enables customers to shop for a variety of grocery products from local supermarkets with ease. The company employs its own delivery fleet and staff, who are responsible for selecting and delivering fresh groceries directly to consumers' doorsteps. By partnering with established grocery stores, HappyFresh provides a convenient service that allows users to order their essential items efficiently.

Floship

Seed Round in 2015
Floship is a leading provider of international fulfillment, recognized for fast and cost-effective worldwide shipping services. They offer the total solution for your eCommerce business to reach new markets. By ensuring your logistics are handled by the best in the business, they provide you with the peace of mind to focus on other important things – taking your eCommerce to the next level.

Bizzy

Seed Round in 2015
Bizzy operates an online marketplace designed to streamline procurement activities for businesses. The platform facilitates the transition to online operations for merchants, allowing them to meet the logistical needs of B2B customers. By integrating shipments from various vendors through a crossdocking system at a fulfillment center operated by a partner, Bizzy enhances efficiency in order management. Additionally, the platform offers wholesale pricing based on purchase volume and provides access to multiple vendors, enabling clients to obtain office supplies at competitive rates.

coworking spaces

Series A in 2015
Coworking spaces are starting up everywhere in Southeast Asia.

aCommerce

Venture Round in 2015
aCommerce Co., Ltd. is an e-commerce solutions provider based in Bangkok, Thailand, serving brands and retailers across Southeast Asia, including Thailand, Indonesia, the Philippines, and Singapore. Founded in 2013, the company offers a comprehensive suite of services that includes performance marketing, channel management, web store design, order fulfillment, warehousing, delivery logistics, and customer service. aCommerce specializes in assisting e-retailers in various sectors such as health and beauty, fashion, electronics, and technology, helping them establish a robust online presence and optimize their operations. The company has developed a strategic partnership with DKSH Group and maintains offices and distribution centers in multiple countries within the region.

HappyFresh

Seed Round in 2015
HappyFresh is an online grocery platform operating in Southeast Asia, specifically in Indonesia, Malaysia, and Thailand. Founded in 2014, it enables customers to shop for a variety of grocery products from local supermarkets with ease. The company employs its own delivery fleet and staff, who are responsible for selecting and delivering fresh groceries directly to consumers' doorsteps. By partnering with established grocery stores, HappyFresh provides a convenient service that allows users to order their essential items efficiently.

Snapcart

Seed Round in 2015
Snapcart is a cashback application based in Indonesia that allows consumers to earn rewards by taking photos of their receipts. The app provides brands and retailers with real-time insights into consumer behavior, offering a more accurate measurement than traditional research methods. By incentivizing users to engage with their receipts, Snapcart helps businesses connect with shoppers on a personal level, enhancing brand engagement through crowd-sourced data. This innovative approach enables clients to build stronger relationships with consumers, ultimately driving loyalty and improving marketing strategies. Backed by Ardent Capital, Snapcart aims to transform the way brands understand and interact with their customers.

SHOPLINE

Seed Round in 2015
Shopline is a do-it-yourself e-commerce platform tailored for merchants in Asia, enabling them to create online shops with ease. It offers a user-friendly setup process, allowing users to launch their stores within minutes without any coding skills. The platform supports multiple regional payment methods and provides native language options, making it accessible to a diverse range of users. All online shops are fully responsive, ensuring a consistent and optimal experience across devices. By focusing on the needs of small businesses in Chinese-speaking countries, Shopline aims to empower entrepreneurs with straightforward tools that align with their operational needs, positioning itself to make a significant impact in Asia's growing e-commerce market.

Spaceship

Seed Round in 2014
Spaceship is an on-demand urban storage service that addresses the challenges of limited space in cities. The company offers a storage-by-the-box service, allowing customers to store items from the comfort of their homes. Spaceship collects and delivers stored items as needed, enhancing convenience for users. The platform provides features such as free item pickup, a dashboard for tracking belongings, and options for self-storage, document storage, co-working, and co-warehousing. By leveraging technology, Spaceship aims to improve the user experience in physical storage while optimizing warehousing and delivery processes, ultimately facilitating efficient storage and transportation solutions for its clients.

Lolalo.la

Seed Round in 2014
Lolalo.la is lingerie Online shopping so easy and fun.

aCommerce

Series A in 2014
aCommerce Co., Ltd. is an e-commerce solutions provider based in Bangkok, Thailand, serving brands and retailers across Southeast Asia, including Thailand, Indonesia, the Philippines, and Singapore. Founded in 2013, the company offers a comprehensive suite of services that includes performance marketing, channel management, web store design, order fulfillment, warehousing, delivery logistics, and customer service. aCommerce specializes in assisting e-retailers in various sectors such as health and beauty, fashion, electronics, and technology, helping them establish a robust online presence and optimize their operations. The company has developed a strategic partnership with DKSH Group and maintains offices and distribution centers in multiple countries within the region.

PicoCandy

Seed Round in 2014
PicoCandy Pte. Ltd. operates a digital sticker distribution platform based in Singapore, founded in 2013. The company enables designers to submit and sell their stickers to users globally, boasting a library of over 1 million digital stickers. PicoCandy also offers a Stickers as a Service platform, which allows developers and brands to manage their digital sticker stores through a user-friendly web dashboard. This service integrates seamlessly with various messaging applications, facilitating enhanced communication and engagement between users and brands. By simplifying the design and deployment processes, PicoCandy empowers individuals to express themselves beyond traditional text and emoticons while providing brands a means to monetize their products and enhance customer interaction.

Playbasis

Seed Round in 2014
Playbasis (Thailand) Co., Ltd. provides a cloud-based technology platform for businesses to launch modern applications that are fun, engaging, and rewarding for audience. Its products include playbook, an off-the-shelf mobile application that provides businesses with access to engaging mobile experience; playbook plugins; presence that enables users to launch own branded augmented reality games and applications; and portal, which provides a smart landing page optimized for conversions. The company was founded in 2012 and is headquartered in Bangkok, Thailand.

Syndacast

Seed Round in 2013
Syndacast is a data-driven online media agency based in Bangkok, Thailand, with additional offices in Singapore, Melbourne, and Delhi. The agency specializes in delivering comprehensive digital marketing solutions for global brands across various industries, including hospitality, healthcare, banking, insurance, and real estate development. Syndacast has established a reputation for exceeding client expectations by focusing on performance-oriented services such as search engine marketing, programmatic display advertising, content marketing, and social media marketing. The agency collaborates with prominent clients, including major hotel chains and top banking and insurance providers, and is recognized as an official Google Premier Partner. Additionally, Syndacast has formed strategic data partnerships with travel intent data providers, enhancing its ability to offer targeted marketing strategies. By prioritizing audience data, conversion, and attribution, Syndacast aims to provide clients with effective online marketing initiatives that deliver measurable returns on investment.

Playbasis

Seed Round in 2013
Playbasis (Thailand) Co., Ltd. provides a cloud-based technology platform for businesses to launch modern applications that are fun, engaging, and rewarding for audience. Its products include playbook, an off-the-shelf mobile application that provides businesses with access to engaging mobile experience; playbook plugins; presence that enables users to launch own branded augmented reality games and applications; and portal, which provides a smart landing page optimized for conversions. The company was founded in 2012 and is headquartered in Bangkok, Thailand.

e27

Venture Round in 2013
e27 is a media company focused on Asia’s technology startup ecosystem. The company provides reports on the latest news that impacts the technology startup ecosystem and technology industry, highlights web and mobile applications that emerge from Asia, profiles the founders behind these startups, and provides its readers with thoughts and insights from industry professionals and mentors. It also organizes the Echelon Conference, a technology startup event for entrepreneurs, innovators, investors, government organizations, and technology companies to impart their knowledge and passion to delegates. e27 was founded in 2006 and is based in Singapore.

WhatsNew Asia

Seed Round in 2013
Whatsnew is a background parent company for the various properties under its umbrella. The current properties are Venbi.com, Petloft.com, Sanoga.com, and Lafema.com. They each have their individual mission and branding, fulfilling the needs of the women’s audience for the specific niche identified within that market. Whatsnew’s ultimate goal is to identify all the demand of each of the niche markets within the region, responding to that demand by providing a boutique shopping experience to our customers. Whatsnew’s multi-vertical approach allows us to acquire customers at a low cost and then cross-pollinate to our higher margin websites. Whatsnew changed its operating to Moxy after an acquisition of Moxy St. in 2014. In 2015 Moxy merged with Bilna (Indonesian based e-commerce company) and are operating under the merged entity known as Orami.
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