Rakuten Capital

Rakuten Capital, established in 2014, is the venture capital arm of Rakuten Group, headquartered in Tokyo, Japan, with additional offices in Luxembourg, the USA, and Singapore. The firm specializes in early to late stage investments across various sectors, including e-commerce, finance, information technology, mobile services, travel, digital content, and fintech. Rakuten Capital aims to support its portfolio companies globally by providing not only funding but also operational expertise and access to Rakuten's extensive global network. The firm focuses on identifying innovative and disruptive startups that possess strong growth potential and aims to foster their development in the competitive digital landscape.

Oskar Mielczarek de la Miel

Managing Partner and Senior Executive Officer

50 past transactions

Amondz

Series B in 2022
Amondz is a jewelry e-commerce platform designed to enhance the domestic jewelry market by connecting buyers and sellers. The platform offers quick access to a comprehensive production list and provides price quotations for consumers. Additionally, it emphasizes personalized customer support and consultation for sellers, facilitating a seamless interaction between both parties. By creating a reliable network of trustworthy sellers, Amondz aims to increase revenue opportunities for its clients while streamlining the purchasing process for consumers.

Twid

Series A in 2022
Twid is a digital payment platform focused on transforming the use of reward points in financial transactions. The company consolidates reward points from various sources, including retail stores and credit cards, into a single application. This innovation allows users to treat their reward points as a universal currency, enabling them to make payments seamlessly across leading online and offline platforms. By creating a highly contextual interaction for financial transactions, Twid aims to enhance the user experience and unlock the full potential of accumulated rewards.

Leal

Series A in 2022
Leal is a leading loyalty network in Colombia, featuring over 400 participating brands. The company offers a consumer rewards platform that helps retailers engage with their customers and enhance their loyalty programs. Through its technology, Leal provides affiliated merchants with essential tools to thrive in a digital marketplace, including business analytics, customer relationship management, and integration with point of sale systems. This enables merchants to better understand customer behavior and improve communication with their clientele. For users, Leal aggregates various loyalty programs into a single app, allowing them to earn rewards at their preferred retailers. By connecting retailers to valuable consumer data, Leal supports traditional businesses in increasing their revenue and fostering customer loyalty.

Airalo

Series A in 2021
Airalo is the world’s first eSIM store for travellers to access over 190+ eSIMs at the most affordable, local rates from around the world, all via eSIM compatible smartphone, tablet or PC. Airalo offers you both connectivity and freedom - you’ll never have to carry multiple SIM cards or change your number again, no matter where you are in the world.

Rakuten Medical

Series D in 2021
Rakuten Medical is a privately funded clinical-stage biotechnology company with offices in the USA, Japan, and Germany. Rakuten Medical has been developing new anticancer therapies based on the Photoimmunotherapy platform. Rakuten Medical plans to become a fully integrated biopharma with research, development, and worldwide commercialization of therapies based on the Photoimmunotherapy platform. Rakuten Medical was established in 2010 and is based in San Mateo, California.

Robin.io

Series C in 2021
Robin.io is an application virtualization software company based in San Jose, California, founded in 2013. It provides the Robin Application Virtualization Platform (AVP), a container-based solution that allows enterprises to manage applications independently of underlying hardware, servers, or storage systems. The platform enhances agility, efficiency, and portability for various applications, including big data, databases, and artificial intelligence, across on-premise, hybrid, and multi-cloud environments. Robin AVP simplifies the deployment and lifecycle management of applications while addressing the challenges associated with running complex data applications in Kubernetes. The company's technology enables IT professionals to streamline their operations by sharing data across applications and accelerating time to market. With a team comprising industry veterans from prominent technology companies, Robin.io aims to disrupt the virtualization market. The company has strategic partnerships and is backed by notable investors.

Secai Marche

Seed Round in 2021
Secai Marche Inc. operates a platform that facilitates direct connections between farmers, chefs, and consumers, aiming to enhance the sustainability and economic viability of small-scale farms globally. Founded in 2018 and headquartered in Tokyo, Japan, with an additional office in Kuala Lumpur, Malaysia, the company offers services that encompass sourcing, order processing, payment, and delivery. Through its offerings, such as Secai Marche and the sanchoku platform, it enables restaurants to purchase high-quality products directly from farmers. This approach not only supports local agriculture but also promotes access to quality food for businesses and consumers alike.

Taster

Series B in 2021
Taster SAS, founded in 2017 and headquartered in Paris, France, operates a delivery-only food brand that focuses on quality and taste. The company collaborates with talented chefs to create diverse, high-quality menus that are delivered from local kitchens to customers' homes. By leveraging a digital restaurant platform, Taster partners with licensed restaurants to provide a wide range of cuisines, enhancing the takeaway experience. This approach not only emphasizes the importance of fresh ingredients and skilled culinary expertise but also aims to engage with local communities to deliver wholesome and delicious meals efficiently.

Ladorian

Series A in 2020
Operator of an advertising platform intended to turn content broadcasting elements into real sales and information assistants. The company's platform adapts the messages it displays on different physical media to each type of business and customer to identify the most appropriate moments to highlight each product or service along with providing installation and maintenance of the equipment at the point of sale and also producing the content, enabling businesses to achieve the offline advertising impact.

Verishop

Series B in 2020
Verishop is an online shopping portal based in Santa Monica, California, founded in 2018. It positions itself as a premium lifestyle destination, offering a curated selection of elevated brands in fashion, beauty, home, and more. The platform connects independent brands and creators with consumers, facilitating the discovery of unique products alongside an efficient online purchasing process and fast delivery. Verishop aims to provide a quality-driven shopping experience, making it a go-to resource for customers seeking luxury and distinctive items.

Pop Meals

Series B in 2020
Pop Meals is a food delivery service that utilizes artificial intelligence in logistics and cooking automation. The company combines centralized, large-scale production with customer data, machine learning and the chefs in the industry to offer food delivery experience. It applies artificial intelligence to last-mile delivery offering the lowest delivery costs in the industry. Dahmakan was founded in 2015 and is headquartered in Kuala Lumpur, Malaysia.

Verishop

Venture Round in 2019
Verishop is an online shopping portal based in Santa Monica, California, founded in 2018. It positions itself as a premium lifestyle destination, offering a curated selection of elevated brands in fashion, beauty, home, and more. The platform connects independent brands and creators with consumers, facilitating the discovery of unique products alongside an efficient online purchasing process and fast delivery. Verishop aims to provide a quality-driven shopping experience, making it a go-to resource for customers seeking luxury and distinctive items.

Verishop

Series B in 2019
Verishop is an online shopping portal based in Santa Monica, California, founded in 2018. It positions itself as a premium lifestyle destination, offering a curated selection of elevated brands in fashion, beauty, home, and more. The platform connects independent brands and creators with consumers, facilitating the discovery of unique products alongside an efficient online purchasing process and fast delivery. Verishop aims to provide a quality-driven shopping experience, making it a go-to resource for customers seeking luxury and distinctive items.

Flow Solutions

Seed Round in 2019
Flow Solutions, Inc., founded in 2016 and based in Yokohama, Japan, specializes in developing InSight, a store analysis platform tailored for the retail industry. The company utilizes Internet of Things (IoT) technology and existing retail data sources to standardize data communication across extensive retail chains. By integrating artificial intelligence, Flow Solutions empowers organizations to make data-driven decisions at all levels, enhancing operational efficiency and strategic planning within the retail sector.

RedDoorz

Series C in 2019
RedDoorz is an online platform that facilitates budget accommodations across Southeast Asia, catering to both travelers and hoteliers. Founded in 2015 and headquartered in Jakarta, Indonesia, the company operates a network of branded budget hotels, providing its partners with tools for distribution, marketing, technology, customer experience, and pricing. This end-to-end platform allows guest house owners and hotel operators to enhance their visibility, reach a broader audience, and streamline their operations. RedDoorz has expanded significantly, employing over 1,000 individuals across five countries and attracting investment from notable backers. The platform focuses on two-star and three-star budget hotels, enabling travelers to discover affordable lodging options in key business and tourist destinations.

QFPay

Series C in 2019
QFPay provides businesses with mobile payment technologies and value-added services. QFPay has been partnering with various mobile wallet providers including Alipay, WeChat Pay, China UnionPay, among others, servicing over 1 million+ merchants across Asia and executing over 500 million mobile payment transactions totaling USD30 billion+ in transaction value over the last 6 years.

OneSignal

Series B in 2019
OneSignal, Inc. is a company that specializes in providing push notification solutions for mobile and web applications. Established in 2011 and based in San Mateo, California, the company offers a platform that allows developers to easily integrate personalized push notifications into their applications. Utilizing machine learning, OneSignal's platform optimizes the timing of communications and tailors messages to specific audiences based on performance data. This enables clients to effectively engage users through targeted mobile and web push notifications across various platforms, enhancing customer interaction and retention.

Overture Life

Venture Round in 2019
Overture Life, Inc. is a New York-based company that specializes in developing robotic technologies for in vitro fertilization (IVF) applications. Founded in 2017, Overture Life aims to transform embryology through its innovative reproduction automation technology. The company's products focus on automating key processes in IVF, including devices for automated cryopreservation and embryo testing services. These advancements enable fertility clinics to identify viable embryos prior to implantation, thereby assisting individuals and couples in their efforts to conceive.

Base Food

Series A in 2019
BASE FOOD Inc. manufactures food products, such as pasta and spaghetti. The company is headquartered in Tokyo, Japan.

Algorithmia

Series B in 2019
Algorithmia, Inc. is a Seattle-based company that provides a platform for deploying and managing machine learning models, focusing on automating the MLOps process for organizations. Founded in 2013, Algorithmia enables developers and data scientists to explore, create, and share algorithms as web services, facilitating the integration of machine learning into various applications. The platform supports popular frameworks such as TensorFlow, PyTorch, Scikit-learn, and MXNet, and can handle a high volume of concurrent algorithm requests. Additionally, Algorithmia hosts a public marketplace for algorithms, offering enterprise customers a reliable solution for their mission-critical workloads.

ShopBack

Series B in 2019
ShopBack offers a one-stop lifestyle portal that powers smarter purchase decisions for consumers. Today, ShopBack is the dominant player in Southeast Asia’s e-commerce Cashback market, with an established presence in Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, powering over 1,000 orders per hour. ShopBack enhances shopping by providing up to 30% Cashback for consumers to boost their purchasing power while providing cost-effective marketing solutions for merchant partners. With over 1,300 merchant partners, including Uber, Expedia, and Lazada, ShopBack constantly strives to bring a smarter shopping experience to the consumers. In October 2015, ShopBack was awarded the winner of the Gold award in the Best Start-up (Growth Stage) category and Silver award in the Best Innovative Infocomm Products (Consumers) category at the 7th Singapore Infocomm Technology Federation (SiTF) Awards. This is the local start-up’s maiden voyage in industry awards, pitting against more than 300 nominations for the esteemed titles. The company was recently awarded the Emerging Enterprise Award in September 2016, jointly organized by The Business Times (Singapore) and OCBC Bank, which recognizes outstanding small and medium enterprises (SMEs) in Singapore.

ViSenze

Series C in 2019
ViSenze Pte. Ltd. is an artificial intelligence company specializing in visual technology software tailored for e-commerce and digital businesses. Founded in 2012 and headquartered in Singapore, with additional offices in San Francisco, London, New Delhi, and Beijing, the company offers ViSearch, a cloud-based tool that enables users to identify and search for images and products. Leveraging advancements in machine learning and computer vision, ViSenze provides solutions that allow online shoppers to find visually similar items through user-uploaded images or during their browsing experience on e-commerce platforms. The company's offerings extend to software development kits (SDKs) and a dashboard user interface for organizing search results, making their technology adaptable for web, mobile, and social media environments. ViSenze originated as a spin-off from NExT, a prominent research center established by the National University of Singapore and Tsinghua University. It has received investments from notable firms such as Rakuten Ventures, Walden International, and UOB Venture Management.

BlackFish

Series A in 2018
Black Fish develops and operates an Internet finance platform. It provides consumer finance services such as, credit, money management, loans, and installment payment plans. Black Fish also offers financial services like consumer loans, installment, and wealth management facilities. It began operation in 2017, with its headquarters in Nanjing in China.

Cyndx

Venture Round in 2018
Cyndx is a technology platform that focuses on enhancing capital raising and mergers and acquisitions (M&A) transactions for growing companies, investors, and financial institutions. Founded in October 2013 by James McVeigh and based in New York, Cyndx leverages artificial intelligence, deep learning, and natural language processing to provide curated data that simplifies the discovery of investment and acquisition opportunities. The platform is designed to help users efficiently manage their capital needs and identify connections that might be overlooked by others, thereby improving business decision-making and transaction outcomes. Through its innovative algorithms, Cyndx aims to make the processes of raising capital and navigating M&A activities more intelligent and accessible.

Azimo

Series C in 2018
Azimo Limited is a digital money transfer network that enables users to send money internationally via an online platform accessible from any internet-connected device. Founded in 2012 and headquartered in London, with an additional office in Amsterdam, the company offers mobile applications for both Android and iOS. Azimo aims to provide a cost-effective alternative to traditional money transfer methods by offering lower fees and competitive exchange rates. The platform allows users to send money directly to bank accounts or to over 270,000 cash pick-up locations worldwide, focusing on delivering a convenient and efficient service.

Carousell

Series C in 2018
Carousell is a classifieds marketplace that allows people to buy and sell preloved items. It is a Singapore-based consumer-to-consumer marketplace app for iOS and Android. The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets, and fashion accessories. It has been ranked as the top Shopping app in Singapore, Taiwan, Hong Kong, and Australia, and is backed by leading international Venture Capitalists Sequoia Capital, Rakuten Ventures, 500 Startups, Golden Gate Ventures, and QuestVC. Launched in Aug 2012, Carousell began in Singapore and has expanded to 19 cities around the world, spanning 7 countries.

Simplesurance

Series C in 2018
Simplesurance GmbH specializes in providing cross-selling software solutions for e-commerce, allowing consumers to purchase insurance at the point of sale during online transactions. Founded in 2012 and headquartered in Berlin, Germany, with an additional office in Tokyo, Japan, the company offers a platform that integrates seamlessly into the checkout processes of online shops, enabling retailers to monetize their customers twice and enhance profit margins. With over 2,000 partners, including prominent e-commerce platforms and electronic manufacturers, Simplesurance combines traditional insurance with digital commerce. Furthermore, it provides a digital broker service that enables customers to manage their insurance policies conveniently through their smartphones in a fully paperless manner.

Cabify

Series E in 2018
Cabify is a ride-sharing company founded in 2011 and headquartered in Madrid, Spain. It operates in Latin America, Spain, and Portugal, offering a web and mobile app for car booking services. The company prioritizes the experience of both passengers and drivers, striving to provide fair pricing and improve the overall door-to-door journey. Cabify aims to enhance accessibility in transportation, believing that better transport solutions contribute positively to cities and communities.

PremFina

Venture Round in 2017
PremFina Limited is a London-based company that specializes in developing policy management software tailored for insurance brokers. Founded in 2010, it offers two main products: PremFina SaaS, a white-label solution for managing insurance policies, and PremFina Cash, which includes premium payment financing options for clients. These software solutions enable brokers to enhance customer relationships by providing real-time access to data and allowing them to control communications more effectively. By offering customizable financing options, including full, partial, or no financing, PremFina empowers brokers to maintain their own branded financing agreements, thereby maximizing their control over client interactions and improving overall customer satisfaction. PremFina operates as a subsidiary of IXL Holdings Limited.

OneSignal

Series A in 2017
OneSignal, Inc. is a company that specializes in providing push notification solutions for mobile and web applications. Established in 2011 and based in San Mateo, California, the company offers a platform that allows developers to easily integrate personalized push notifications into their applications. Utilizing machine learning, OneSignal's platform optimizes the timing of communications and tailors messages to specific audiences based on performance data. This enables clients to effectively engage users through targeted mobile and web push notifications across various platforms, enhancing customer interaction and retention.

Algorithmia

Series A in 2017
Algorithmia, Inc. is a Seattle-based company that provides a platform for deploying and managing machine learning models, focusing on automating the MLOps process for organizations. Founded in 2013, Algorithmia enables developers and data scientists to explore, create, and share algorithms as web services, facilitating the integration of machine learning into various applications. The platform supports popular frameworks such as TensorFlow, PyTorch, Scikit-learn, and MXNet, and can handle a high volume of concurrent algorithm requests. Additionally, Algorithmia hosts a public marketplace for algorithms, offering enterprise customers a reliable solution for their mission-critical workloads.

Epic

Series C in 2017
Epic! Creations Inc. is an online subscription service that provides a wide range of children's literature for kids aged 12 and under. The company operates a digital reading platform that includes read-to-me books, audiobooks, educational videos, and interactive quizzes. By collaborating with prominent publishers like HarperCollins, Macmillan, and National Geographic Kids, Epic allows children to explore various topics in a fun and engaging environment. The platform is accessible on the web as well as through iOS and Android devices, making it easy for young readers to discover and share content that aligns with their interests. Founded in 2013 and based in Redwood City, California, Epic aims to foster a love of reading and learning among children worldwide.

DataX

Series C in 2017
DataX is a business that specializes in providing an integrated digital marketing platform known as B-dash, developed by from scratch Co., Ltd. Established in 2010 and headquartered in Tokyo, Japan, the company offers a range of services including support for business strategy planning, new business development, analytical services, and business process construction. B-dash is notable for its ability to accumulate and utilize vast amounts of data, featuring 32 million unique customer IDs and a significant financial data component amounting to 92 billion yen. The platform's capabilities are enhanced through strategic partnerships, including a notable contract with KKR and Goldman Sachs in 2019, which underscores its importance in the IT and marketing sectors.

Cabify

Series D in 2017
Cabify is a ride-sharing company founded in 2011 and headquartered in Madrid, Spain. It operates in Latin America, Spain, and Portugal, offering a web and mobile app for car booking services. The company prioritizes the experience of both passengers and drivers, striving to provide fair pricing and improve the overall door-to-door journey. Cabify aims to enhance accessibility in transportation, believing that better transport solutions contribute positively to cities and communities.

Gojek

Series D in 2016
Gojek, founded in 2010 and headquartered in Jakarta, Indonesia, operates as a Super App that offers a wide range of services, including food delivery, transportation, digital payments, shopping, and various on-demand services. Launched in 2015, the Gojek app has rapidly become the largest consumer transactional technology platform in Southeast Asia, driven by its focus on speed, innovation, and social impact. The company aims to empower the informal sector in the region while serving diverse markets such as transport, logistics, food, and entertainment. Gojek has established itself as a leading player in the on-demand economy, contributing significantly to the growth of digital services in Southeast Asia.

MakeLeaps

Series A in 2016
MakeLeaps Corporation, founded in 2014 and based in Tokyo, Japan, specializes in bilingual Japanese invoicing software designed for freelancers, small to medium-sized businesses, enterprises, and accountants. The company's flagship product, MakeLeaps, is a cloud-based invoicing management solution that facilitates the creation and management of quotes, delivery slips, and invoices. Users can personalize their invoices by including company logos and can opt for printing and mailing services throughout Japan for a nominal fee. By streamlining invoicing processes, MakeLeaps aims to enhance productivity and improve internal communication for its clients.

Cabify

Series C in 2016
Cabify is a ride-sharing company founded in 2011 and headquartered in Madrid, Spain. It operates in Latin America, Spain, and Portugal, offering a web and mobile app for car booking services. The company prioritizes the experience of both passengers and drivers, striving to provide fair pricing and improve the overall door-to-door journey. Cabify aims to enhance accessibility in transportation, believing that better transport solutions contribute positively to cities and communities.

ViSenze

Series B in 2016
ViSenze Pte. Ltd. is an artificial intelligence company specializing in visual technology software tailored for e-commerce and digital businesses. Founded in 2012 and headquartered in Singapore, with additional offices in San Francisco, London, New Delhi, and Beijing, the company offers ViSearch, a cloud-based tool that enables users to identify and search for images and products. Leveraging advancements in machine learning and computer vision, ViSenze provides solutions that allow online shoppers to find visually similar items through user-uploaded images or during their browsing experience on e-commerce platforms. The company's offerings extend to software development kits (SDKs) and a dashboard user interface for organizing search results, making their technology adaptable for web, mobile, and social media environments. ViSenze originated as a spin-off from NExT, a prominent research center established by the National University of Singapore and Tsinghua University. It has received investments from notable firms such as Rakuten Ventures, Walden International, and UOB Venture Management.

Gojek

Series C in 2016
Gojek, founded in 2010 and headquartered in Jakarta, Indonesia, operates as a Super App that offers a wide range of services, including food delivery, transportation, digital payments, shopping, and various on-demand services. Launched in 2015, the Gojek app has rapidly become the largest consumer transactional technology platform in Southeast Asia, driven by its focus on speed, innovation, and social impact. The company aims to empower the informal sector in the region while serving diverse markets such as transport, logistics, food, and entertainment. Gojek has established itself as a leading player in the on-demand economy, contributing significantly to the growth of digital services in Southeast Asia.

Carousell

Series B in 2016
Carousell is a classifieds marketplace that allows people to buy and sell preloved items. It is a Singapore-based consumer-to-consumer marketplace app for iOS and Android. The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets, and fashion accessories. It has been ranked as the top Shopping app in Singapore, Taiwan, Hong Kong, and Australia, and is backed by leading international Venture Capitalists Sequoia Capital, Rakuten Ventures, 500 Startups, Golden Gate Ventures, and QuestVC. Launched in Aug 2012, Carousell began in Singapore and has expanded to 19 cities around the world, spanning 7 countries.

Estmob

Series A in 2016
Estmob Inc., founded in 2012 and based in Seoul, South Korea, is the developer of the file-sharing application Send Anywhere. The application enables users to send files seamlessly across various platforms and devices, utilizing 3G/4G or WiFi connections. Send Anywhere distinguishes itself by allowing users to share any file type without the need for sign-up or login, ensuring a straightforward user experience. It optimizes file transfers based on current network conditions, offering a quick service. Additionally, the platform supports unlimited file sizes and transfers, making it a convenient solution for users who frequently work across multiple devices. Estmob aims to enhance how individuals manage and share files in an increasingly connected world.

Epic

Series B in 2015
Epic! Creations Inc. is an online subscription service that provides a wide range of children's literature for kids aged 12 and under. The company operates a digital reading platform that includes read-to-me books, audiobooks, educational videos, and interactive quizzes. By collaborating with prominent publishers like HarperCollins, Macmillan, and National Geographic Kids, Epic allows children to explore various topics in a fun and engaging environment. The platform is accessible on the web as well as through iOS and Android devices, making it easy for young readers to discover and share content that aligns with their interests. Founded in 2013 and based in Redwood City, California, Epic aims to foster a love of reading and learning among children worldwide.

Cabify

Series B in 2015
Cabify is a ride-sharing company founded in 2011 and headquartered in Madrid, Spain. It operates in Latin America, Spain, and Portugal, offering a web and mobile app for car booking services. The company prioritizes the experience of both passengers and drivers, striving to provide fair pricing and improve the overall door-to-door journey. Cabify aims to enhance accessibility in transportation, believing that better transport solutions contribute positively to cities and communities.

Polymorph

Series A in 2015
Polymorph powers the monetization infrastructure for modern enterprises. Polymorph is a white-label SaaS monetization platform for publishers to maximize revenue, reduce costs and deliver better ad experiences.The Polymorph platform offers end-to-end ad serving stack, yield optimization tools, APIs, access to demand on server-side and self-serve workflows. Modern enterprises who want to monetize with advertising choose our customizable and developer friendly platform as it aligns with their needs/strategies. The company was founded in 2013 and is based in San Francisco, California.

Epic

Series A in 2014
Epic! Creations Inc. is an online subscription service that provides a wide range of children's literature for kids aged 12 and under. The company operates a digital reading platform that includes read-to-me books, audiobooks, educational videos, and interactive quizzes. By collaborating with prominent publishers like HarperCollins, Macmillan, and National Geographic Kids, Epic allows children to explore various topics in a fun and engaging environment. The platform is accessible on the web as well as through iOS and Android devices, making it easy for young readers to discover and share content that aligns with their interests. Founded in 2013 and based in Redwood City, California, Epic aims to foster a love of reading and learning among children worldwide.

Carousell

Series A in 2014
Carousell is a classifieds marketplace that allows people to buy and sell preloved items. It is a Singapore-based consumer-to-consumer marketplace app for iOS and Android. The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets, and fashion accessories. It has been ranked as the top Shopping app in Singapore, Taiwan, Hong Kong, and Australia, and is backed by leading international Venture Capitalists Sequoia Capital, Rakuten Ventures, 500 Startups, Golden Gate Ventures, and QuestVC. Launched in Aug 2012, Carousell began in Singapore and has expanded to 19 cities around the world, spanning 7 countries.

Polymorph

Seed Round in 2014
Polymorph powers the monetization infrastructure for modern enterprises. Polymorph is a white-label SaaS monetization platform for publishers to maximize revenue, reduce costs and deliver better ad experiences.The Polymorph platform offers end-to-end ad serving stack, yield optimization tools, APIs, access to demand on server-side and self-serve workflows. Modern enterprises who want to monetize with advertising choose our customizable and developer friendly platform as it aligns with their needs/strategies. The company was founded in 2013 and is based in San Francisco, California.

ViSenze

Series A in 2014
ViSenze Pte. Ltd. is an artificial intelligence company specializing in visual technology software tailored for e-commerce and digital businesses. Founded in 2012 and headquartered in Singapore, with additional offices in San Francisco, London, New Delhi, and Beijing, the company offers ViSearch, a cloud-based tool that enables users to identify and search for images and products. Leveraging advancements in machine learning and computer vision, ViSenze provides solutions that allow online shoppers to find visually similar items through user-uploaded images or during their browsing experience on e-commerce platforms. The company's offerings extend to software development kits (SDKs) and a dashboard user interface for organizing search results, making their technology adaptable for web, mobile, and social media environments. ViSenze originated as a spin-off from NExT, a prominent research center established by the National University of Singapore and Tsinghua University. It has received investments from notable firms such as Rakuten Ventures, Walden International, and UOB Venture Management.

Coda

Series A in 2013
Coda Payments Pte Ltd. is a Singapore-based company that provides mobile payment solutions for online digital content and services, primarily targeting emerging markets. Established in 2011, Coda enables digital content providers to monetize their offerings through a variety of payment channels. The company is known for its integration with popular gaming titles such as PUBG Mobile and Call of Duty: Mobile, as well as streaming services like beIN and Bigo Live. Users can make payments through its platform Codapay, which offers direct carrier billing and access to a wide network of alternative payment options. Additionally, Coda operates Codashop, a platform frequented by over 11 million users monthly for topping up games and services. The company collaborates with various e-commerce, telecommunications, and super app partners to enhance access to premium digital content. Coda Payments serves clients across numerous countries, including Indonesia, India, Brazil, and Egypt, and maintains a presence in Singapore, Jakarta, and Bangkok.

Carousell

Seed Round in 2013
Carousell is a classifieds marketplace that allows people to buy and sell preloved items. It is a Singapore-based consumer-to-consumer marketplace app for iOS and Android. The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets, and fashion accessories. It has been ranked as the top Shopping app in Singapore, Taiwan, Hong Kong, and Australia, and is backed by leading international Venture Capitalists Sequoia Capital, Rakuten Ventures, 500 Startups, Golden Gate Ventures, and QuestVC. Launched in Aug 2012, Carousell began in Singapore and has expanded to 19 cities around the world, spanning 7 countries.
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