Fresco Capital

Fresco Capital is a venture capital firm based in Hong Kong that specializes in seed and early-stage investments across various sectors, including enterprise, education, healthcare, infrastructure, and offline consumer and community markets. Established in 2012, the firm seeks opportunities at the intersection of technology and human experience. It also manages a dedicated fund focused on the education technology sector, highlighting its commitment to supporting innovative solutions in this space. Through its investments, Fresco Capital aims to foster growth and development in industries that have a significant impact on society.

Stephen Forte

Managing Partner

Heyu Huang

Partner

Tytus Michalski

Co-Founder & Managing Partner

Furuzonfar Zehni

Partner

Past deals in Hong Kong

CoverGo

Series A in 2022
CoverGo is an award-winning insurance technology company providing enterprise software solutions to insurers, banks and brokers in Asia and beyond. CoverGo is the first fully configurable, whitelabel, modular, no-code insurance platform for omni-channel distribution, policy admin and claims. It is an end-to-end solution including dynamic pricing and underwriting engine, core admin system, insurance roboadvisor, analytics and whitelabel frontend for all lines of insurance. CoverGo’s platform is powered by hundreds of open insurance APIs to increase connectivity and automate all insurance processes. We offer the most comprehensive set of insurance APIs in the market. Insurance companies can integrate with distribution partners, create a robust insurance ecosystem and distribute the right products at the right time. We are the market leader in insurtech and fintech as recognized by a number of awards including: • HKICT Fintech Grand Award & HKICT Gold Award in Banking, Insurance and Capital Markets 2019 The official HK government fintech award. CoverGo was recognized as the best fintech solution in the market across all categories. We are the only tech company that has ever won this Grand & Gold Award. • Grand Prize at the Financial Innovation Business Conference (FIBC) 2019 FIBC is the longest established FinTech Conference in Japan. CoverGo was recognized as a fintech and insurtech market leader in the region. • International Finance Technology Award – The Most Innovative Insurance Technology Service Provider 2019 International Finance Awards recognize technology and industry leadership and capability on an international scale. • FinTech Award 2018 & 2019 for the Best B2B Insurance Integration Solution FinTech Awards recognize excellence and innovation in the use of IT in financial services in Hong Kong and Greater Bay Area. CoverGo is also supported by: • Monetary Authority of Singapore Global Fintech Hackcelerator • Accenture Fintech Innovation Lab APAC • Cyberport HK Government Incubation Programme • Mizuho Crowd Brain Accelerator • DBS Bank Startup Xchange • Global Accelerator Malaysia • AppWorks Accelerator Taiwan • Microsoft for Startups • Create@Alibaba

Reap

Seed Round in 2020
Reap Technologies Ltd. is a Hong Kong-based financial technology company founded in 2018, focusing on enhancing the operational capabilities of small and medium-sized enterprises (SMEs). The company offers a comprehensive software platform that allows businesses to manage cash flow, access instant credit, and earn rebates through a credit-based payments system. Reap's online platform enables SMEs to streamline their transactions by paying expenses and collecting revenues entirely via credit card, thereby digitizing day-to-day finances. This innovation helps businesses improve capital efficiency and smooth cash flow, addressing a critical need for effective financial management. Reap advocates for the modernization of core business processes, aiming to replace traditional payment methods like cash and bank transfers with more efficient digital solutions. With a successful playbook in developed Asian markets, Reap plans to expand into emerging Southeast Asian countries, continuously innovating to enhance tools for financing, transactions, and data automation for SMEs.

Reap

Convertible Note in 2018
Reap Technologies Ltd. is a Hong Kong-based financial technology company founded in 2018, focusing on enhancing the operational capabilities of small and medium-sized enterprises (SMEs). The company offers a comprehensive software platform that allows businesses to manage cash flow, access instant credit, and earn rebates through a credit-based payments system. Reap's online platform enables SMEs to streamline their transactions by paying expenses and collecting revenues entirely via credit card, thereby digitizing day-to-day finances. This innovation helps businesses improve capital efficiency and smooth cash flow, addressing a critical need for effective financial management. Reap advocates for the modernization of core business processes, aiming to replace traditional payment methods like cash and bank transfers with more efficient digital solutions. With a successful playbook in developed Asian markets, Reap plans to expand into emerging Southeast Asian countries, continuously innovating to enhance tools for financing, transactions, and data automation for SMEs.

BridgeU

Series A in 2017
BridgeU Limited operates a cloud-based platform designed to assist students and advisors in the university preparation process. Founded in 2013 and based in Sevenoaks, United Kingdom, BridgeU supports students applying to universities in several countries, including the United States, the United Kingdom, Canada, the Netherlands, and Hong Kong. The platform addresses the challenges faced by schools in guiding students towards appropriate post-secondary destinations by streamlining the navigation of various systems and managing the complexities of international university applications. With a growing number of students seeking higher education abroad, BridgeU partners with schools in over 60 countries, aiming to provide effective and modern university and career guidance to equip students for future opportunities.

BridgeU

Seed Round in 2015
BridgeU Limited operates a cloud-based platform designed to assist students and advisors in the university preparation process. Founded in 2013 and based in Sevenoaks, United Kingdom, BridgeU supports students applying to universities in several countries, including the United States, the United Kingdom, Canada, the Netherlands, and Hong Kong. The platform addresses the challenges faced by schools in guiding students towards appropriate post-secondary destinations by streamlining the navigation of various systems and managing the complexities of international university applications. With a growing number of students seeking higher education abroad, BridgeU partners with schools in over 60 countries, aiming to provide effective and modern university and career guidance to equip students for future opportunities.

Get Jamn

Seed Round in 2015
WHO THEY ARE Jamn PLAYER is from Johnny Quattro and a Hong Kong-based team. It began after Johnny sold his successful snowboard design consultancy and launched a music business to make music easier and more fun. The first app, Jamn Multi-Tool, featured Johnny’s patent-pending Jamn Wheel and presents complex music theory in a way anyone can understand. Under his leadership the app scored over a million downloads and multiple awards. Together since 2012, the core team’s responsibilities span design and coding. WHY THEY'RE DOING THIS As musicians they understand the challenges people encounter when playing music. They want to make discovering and playing music easier for everyone, so they developed a series of Jamn products to break down those barriers. Their latest app, Jamn PLAYER, launched mid-January 2015, garnered over half a million downloads within the first few weeks. It has also attracted enquiries from leading investment firms from across the world, musicians and labels for partnership opportunities. MOST IMPRESSIVE ACCOMPLISHMENT They bootstrapped and developed a product and business model that generates revenue and can be rapidly scaled. They've also proven themselves as a strong team with more than one successful product. Now they're ready for the next step to make PLAYER bigger and smarter than before! Jamn Multi-Tool - Find chords to any key fast - over a million downloads - features a patent-pending Jamn wheel - Apple iTunes Best of 2013 apps - Hong Kong ICT Awards 2014 Find out more at http://getjamn.com/more-apps

Frenzoo

Seed Round in 2015
Frenzoo is a mobile game startup creating a new class of 3D lifestyle games for girls and women. The company’s offerings include the hit Me Girl™ series, enjoyed by millions around the world. The company's app is based on a flexible and innovative avatar technology platform that brings characters to life.

GoWell

Seed Round in 2015
GoWell Software Limited is a Hong Kong-based online education company that specializes in international education, overseas studies advisory, corporate training, and online learning services. Established in 1999, the company is renowned for its award-winning language learning platforms, GoChinese and GoEnglish, which cater to learners in China, Greater Asia, the United States, and the United Kingdom. GoWell provides comprehensive university preparation programs through its extensive learning center network in China, including the GAC-ACT program, which is recognized for preparing students for tertiary education in Western systems. The company's educational offerings leverage advanced technology to enhance learning, automatically generating voice output, definitions, and phonetics for a more immersive experience. Additionally, GoWell offers corporate language training that integrates in-person instruction with multimedia-rich online resources. The company's commitment to high-quality education and innovative teaching methods has established it as a leader in the online learning space.

BridgeU

Seed Round in 2014
BridgeU Limited operates a cloud-based platform designed to assist students and advisors in the university preparation process. Founded in 2013 and based in Sevenoaks, United Kingdom, BridgeU supports students applying to universities in several countries, including the United States, the United Kingdom, Canada, the Netherlands, and Hong Kong. The platform addresses the challenges faced by schools in guiding students towards appropriate post-secondary destinations by streamlining the navigation of various systems and managing the complexities of international university applications. With a growing number of students seeking higher education abroad, BridgeU partners with schools in over 60 countries, aiming to provide effective and modern university and career guidance to equip students for future opportunities.

Plukka

Seed Round in 2014
Plukka is an international retailer specializing in curated collections of designer fine jewelry. Established in 2011 as an online made-to-order platform, Plukka has since expanded to include retail locations and global trunk show tours. The company collaborates with over 50 designers and offers more than 2,000 styles of luxury jewelry crafted from 18K gold, diamonds, and gemstones. Based in Hong Kong, Plukka has strong connections to the fine jewelry manufacturing sector, enabling it to swiftly provide access to innovative designs and products. The brand has been recognized within the industry, receiving awards for Best E-tailer of the Year and Most Innovative Retailer of the Year. Plukka's unique model affords independent designers a platform to showcase their creative jewelry to a global audience, enhancing the accessibility of fine jewelry for enthusiasts and collectors alike.

Launchpilots

Seed Round in 2014
Launchpilots Limited offers an online-to-offline marketplace that connects university students and brands through campus event sponsorships. It helps student leaders attract sponsors and attendees by aggregating campus event information for students and brands. The company is headquartered in China. As of October 9, 2017, Launchpilots Limited operates as a subsidiary of Robin8 Inc.

Insight Robotics

Seed Round in 2014
Insight Robotics Ltd., founded in 2009 and based in Lai Chi Kok, Hong Kong, specializes in forestry-focused risk management technology, particularly wildfire detection systems. The company employs advanced robotics and sensor technology to gather data that is analyzed and presented through their geographic information system (GIS) platform. This enables stakeholders to assess risks and respond effectively using real-time information. Their flagship innovations include wildfire detection robots enhanced with artificial intelligence for improved thermal sensing and the Insight Globe GIS, which allows for precise fire location identification without triangulation. The team, consisting of engineers and experts from diverse backgrounds, is dedicated to creating intuitive solutions that visualize data across large areas, ultimately aiming to protect natural resources and infrastructure while enhancing safety and response capabilities.

Snaptee

Seed Round in 2013
Snaptee Limited, founded in 2013 and based in Lai Chi Kok, Hong Kong, operates a smartphone application that allows users to create custom T-shirts using their own photos. The app, available for both iOS and Android, includes design tools that enable users to design, order, and sell T-shirts. It supports multiple languages, including English, Japanese, Korean, German, French, and simplified Chinese, catering to a diverse user base. Snaptee aims to foster a community where individuals can create, buy, sell, and share unique T-shirt designs, transforming digital concepts into physical products that can be shipped worldwide.

Frenzoo

Venture Round in 2012
Frenzoo is a mobile game startup creating a new class of 3D lifestyle games for girls and women. The company’s offerings include the hit Me Girl™ series, enjoyed by millions around the world. The company's app is based on a flexible and innovative avatar technology platform that brings characters to life.

Y5Zone

Angel Round in 2012
Y5Zone is an internet services company that provides Wi-Fi solutions in China and Hong Kong. The company aims to help internet users communicate and reach for information without physical limitations of fixed network connectivity. Y5Zone was founded in 1999.