Ondine Capital

Ondice Capital engages in venture capital type investment activities in the high-tech, automotive and retail segment (or so-called "new retail"​ in China), with elements of AI, IC, big data, IOT, 5G or blockchain technology, with a focus on investments in companies that are operating, developing and/or applying their technology in the greater China area.

Randolph Hsu

Managing Partner

11 past transactions

Haulio

Series A in 2021
Haulio Pte Ltd is a logistics company based in Singapore, established in 2016, that focuses on the container haulage industry. The firm has developed a web-based platform that enhances the efficiency of trucking operations. Its key products include the Haulage Operations Platform (HOP), which serves as a comprehensive digital tool for managing trucking jobs; the Haulio Connectivity System (HCS), designed for driver management and real-time tracking; and the Haulage Management Platform (HMP), which consolidates various trucking needs into one interface. By aggregating demand for shipments and warehousing, Haulio improves accessibility for haulage companies and streamlines fleet management and trucking services, enabling effective optimization and transaction tracking.

Huarui Micro

Series B in 2021
HRmicro is a high-tech enterprise integrating R&D, production, sales and service of power device products. Huarui Micro has successfully developed and mass-produced products including high-voltage VDMOS, low-voltage trench MOS, super junction MOS and SGT MOS. At the same time, it is carrying out the research and development of third-generation semiconductor (SiC, GaN) power devices.

Love, Bonito

Series C in 2021
Love, Bonito is a prominent women's fashion brand founded in 2010 and headquartered in Singapore, with additional offices in Indonesia, Malaysia, and Hong Kong. The company employs around 150 people and operates an omni-channel presence across these four markets, along with a global e-commerce site. Love, Bonito is dedicated to providing a diverse range of fashionable clothing and accessories tailored to meet customer preferences, emphasizing customization and fit. The brand aims to redefine retail by fostering a thoughtful and community-driven approach, focusing on the everyday woman. Its mission is to become a globally recognized brand known for its commitment to customer experience and innovative retail practices.

Carsome

Series D in 2021
Carsome Sdn Bhd operates an online platform that connects customers with used car dealers across Malaysia and has expanded its services to Indonesia, Thailand, and Singapore. Founded in 2015 and headquartered in Petaling Jaya, the company streamlines the car-selling process by offering services that encompass inspection, valuation, bidding, payment, and logistics. This comprehensive approach allows individuals and entities to efficiently sell their vehicles directly to dealers through an online bidding portal. By facilitating each step of the transaction, Carsome aims to enhance the overall experience for customers looking to sell their cars.

Tsaitung Agriculture

Funding Round in 2021
Tsaitung Agriculture Co., Ltd. operates a platform for restaurants to purchase vegetables and fruits directly from farmers. Its platform helps producers connect with the demands through its price prediction algorithm and novel business model. The company is headquartered in Taipei, Taiwan.

Carsome

Series D in 2020
Carsome Sdn Bhd operates an online platform that connects customers with used car dealers across Malaysia and has expanded its services to Indonesia, Thailand, and Singapore. Founded in 2015 and headquartered in Petaling Jaya, the company streamlines the car-selling process by offering services that encompass inspection, valuation, bidding, payment, and logistics. This comprehensive approach allows individuals and entities to efficiently sell their vehicles directly to dealers through an online bidding portal. By facilitating each step of the transaction, Carsome aims to enhance the overall experience for customers looking to sell their cars.

Borong

Seed Round in 2020
Dropee is a SaaS-enabled marketplace that connects local independent retailers with brands in South East Asia via an ordering app. The marketplace's unique value proposition makes it easier for businesses both big and small to manage their procurement and supply chain ecosystem. It allows businesses to get connected in order to buy and sell in bulk and the enterprise solution allows businesses to streamline their operational processes to work more efficiently and effectively. Dropeee’s platform connects suppliers with small-to-medium enterprise (SME) business owners in real-time to streamline the product fulfillment process and facilitate bulk purchases through a suite of enterprise solutions. The supply-chain in Malaysia and across Southeast Asia lacks meaningful real-time connectivity between suppliers and retailers. The modern, digital approach to the wholesale industry allows retailers to discover, purchase, and manage inventories for their store all on a single marketplace platform.

Carsome

Series C in 2019
Carsome Sdn Bhd operates an online platform that connects customers with used car dealers across Malaysia and has expanded its services to Indonesia, Thailand, and Singapore. Founded in 2015 and headquartered in Petaling Jaya, the company streamlines the car-selling process by offering services that encompass inspection, valuation, bidding, payment, and logistics. This comprehensive approach allows individuals and entities to efficiently sell their vehicles directly to dealers through an online bidding portal. By facilitating each step of the transaction, Carsome aims to enhance the overall experience for customers looking to sell their cars.

HiAR

Series B in 2019
HiScene Information Technology Co., Ltd specializes in the research and development of augmented reality technologies and products. Founded in 2012 and based in Shanghai, China, the company offers a range of solutions, including the HiAR technology infrastructure platform and HiAR Glasses, which are equipped with multiple cameras and sensors to track user movements and create three-dimensional spatial models. HiScene integrates advanced artificial intelligence technologies, such as computer vision and deep learning, into its hardware and software offerings, aiming to enhance human-computer interaction and deliver industry-specific solutions. Through its innovations, the company seeks to improve operational efficiency and safety in engineering and industrial applications.