Spiral Ventures

Established in Singapore in 2017, Spiral Ventures is an independent venture capital firm focusing on early-stage investments across Southeast Asia and Japan. The company concentrates on sectors such as fintech, logistics, AI, IoT, sharing economy, HR tech, big data, media platforms, healthcare, and online advertising.

Irawan Ganda

Principal and Head of Southeast Asia

Ryuusuke Hirota

Partner

Yuji Horiguchi

Founder, CEO and Managing Partner

Sujit Kunte

Partner and Head of India

Tomokazu Okuno

Representative Partner

Past deals in Malaysia

Secai Marche

Series A in 2024
Secai Marche is a platform that connects farmers, chefs, and consumers to source and deliver farm-direct ingredients. It enables restaurants to purchase high-quality products directly from farmers, offering end-to-end services such as sourcing, order processing, payment, and delivery. Through its Secai Marche and sanchoku offerings, the platform delivers seasonal, regionally sourced ingredients while helping small-scale farms access markets and achieve profitable sales. Founded in 2018 and based in Tokyo with an additional location in Kuala Lumpur, the company operates globally to promote economically viable, sustainable farming. By simplifying procurement and logistics, the platform supports farmers’ livelihoods and strengthens local supply chains for restaurants seeking fresh, traceable ingredients.

Secai Marche

Series A in 2023
Secai Marche is a platform that connects farmers, chefs, and consumers to source and deliver farm-direct ingredients. It enables restaurants to purchase high-quality products directly from farmers, offering end-to-end services such as sourcing, order processing, payment, and delivery. Through its Secai Marche and sanchoku offerings, the platform delivers seasonal, regionally sourced ingredients while helping small-scale farms access markets and achieve profitable sales. Founded in 2018 and based in Tokyo with an additional location in Kuala Lumpur, the company operates globally to promote economically viable, sustainable farming. By simplifying procurement and logistics, the platform supports farmers’ livelihoods and strengthens local supply chains for restaurants seeking fresh, traceable ingredients.

Instapay Technologies

Series A in 2022
Instapay Technologies is a Malaysia-based provider of online payment solutions and e-wallet services. It offers an e-wallet that includes a corporate portal enabling self-managed salary payments and streamlined payroll processing with enhanced financial visibility. The company develops an online payment platform to facilitate monetary transactions and supports the development of e-wallet and remittance platforms. It also assists customers in evaluating technology vendors and identifying potential partners and cloud hosting options, helping organizations implement secure and scalable payment capabilities.

HealthMetrics

Seed Round in 2018
HealthMetrics is a cloud-based enterprise HR solution that manages employee health benefits through a network of more than 3,000 healthcare partners in Malaysia. By directly connecting corporates with healthcare providers, it enables HR teams to monitor employee health, drive targeted health programs, and shift from administrative tasks to strategic leadership in employee well-being. The platform simplifies the administration of health benefits and supports additional perks such as dental or vision care. It emphasizes self-service for employees and integrates with third-party systems to deliver real-time data analytics, helping organizations make data-driven decisions. Founded in 2015 and headquartered in Subang Jaya, Selangor, Malaysia, HealthMetrics aims to provide a cost-effective, scalable solution that enhances benefits management and employee productivity.

Zoom

Seed Round in 2018
Zoom operates a logistics platform that connects businesses, including online retailers and brick-and-mortar stores, with on-demand delivery specialists. The platform facilitates efficient product delivery by optimizing routes and providing instant customer service access for tracking parcels. This system addresses last-mile delivery challenges through the use of professional riders and integrates seamlessly into clients' existing business ecosystems. By prioritizing ease of use and reliability, Zoom serves as a trusted partner for businesses in Malaysia, ensuring fast and seamless delivery solutions.

Carsome

Series B in 2017
Carsome operates an online platform that connects sellers of used cars with dealers, offering inspection, valuation, bidding, and logistics to facilitate the entire selling process. The platform supports ownership transfer, financing options, and a curated selection of pre-owned cars for buyers, enabling relatively quick sales. Founded in 2015 and headquartered in Malaysia, Carsome has expanded to Indonesia, Thailand, and Singapore.
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