Heritas Capital

Heritas Capital is a private equity and venture capital investment firm based in Singapore, founded in 1997 as part of the IMC Group. The firm specializes in investments within the healthcare, education, and technology sectors, primarily targeting opportunities across the Asia-Pacific region. By leveraging its expertise and regional insights, Heritas Capital aims to support the growth and development of innovative companies within these key industries.

Janet Chia

Managing Director and Head of Private Equity

Chik Wai Chiew

CEO and Executive Director

Charis Goh

Director

Anselm Cian Tan

Managing Director and Head Of Venture Capital

31 past transactions

Kreedo Early Childhood Solutions

Series A in 2024
Kreedo is an Edtech company that offers customers an end-to-end solution, from naming their preschool, marketing support, layout, admissions process, and so on, to running a premium preschool, which includes curriculum, educational materials, teacher and owner training, and assessment solutions.

The Gentle Group

Venture Round in 2024
The Gentle Group develops familiar, pleasant, nutritious soft meals that stimulate the appetite by their appearance, taste, and scent, restoring the joy of food to persons who have difficulty swallowing

Convegenius

Series A in 2024
ConveGenius is a social enterprise focused on enhancing educational outcomes in emerging markets through innovative technology solutions. The company has developed a mobile-based platform that utilizes conversational AI and big data analytics to create personalized and adaptive learning experiences for students. This platform, known as PAL, tailors educational content to meet individual student needs and incorporates gamification elements to engage learners effectively. Additionally, ConveGenius provides real-time impact dashboards that offer valuable insights and data to stakeholders, facilitating informed decision-making and ongoing improvements in educational implementation. Through its commitment to affordable and accessible education, ConveGenius aims to foster sustainable educational impact for diverse learning communities.

Bettr Group

Seed Round in 2023
Bettr Group is a coffee company that wholesales and retails coffee bars and equipment.

Cakap

Series C in 2023
Cakap is an Indonesian EdTech company that specializes in an online language learning platform aimed at enhancing conversational skills. The platform facilitates live interactions between students and native teachers, offering multimedia learning content that replaces traditional textbooks and rigid class schedules. By providing a flexible learning environment, Cakap enables users to study from home or their office, ensuring a hassle-free educational experience. The company employs a two-way learning approach that connects students with professional educators and industry experts, adhering to an international standard curriculum. Cakap is accessible across various devices, including mobile apps and desktop, to reach a wide range of users, reflecting its commitment to making quality education accessible to all.

Holmusk

Series B in 2023
Holmusk is a health data analytics company focused on enhancing treatment for mental health and chronic diseases. It develops a real-world evidence platform that integrates specialty behavioral health data with advanced analytics to provide evidence-based insights for treatment decisions. By leveraging artificial intelligence and data science, Holmusk accelerates research and improves patient outcomes through predictive algorithms. Its proprietary modeling platform enables clients to analyze real-world data, facilitating personalized medicine and driving data-driven approaches in healthcare. The company's mission is to expand evidence-based care for individuals managing behavioral health conditions, ultimately supporting the commercialization of new treatments.

Alchemy FoodTech

Convertible Note in 2022
Alchemy FoodTech is a food science and technology company focused on developing innovative active food ingredients aimed at combating diabetes. The company emphasizes preventive healthcare by integrating advanced food, bio, and medical technologies into everyday foods. Alchemy FoodTech offers a plant-based fiber blend designed to slow the glucose release from refined carbohydrates, such as white rice, while enhancing fiber content beyond that of brown rice. This easy-to-use powdered blend does not alter the taste, texture, or appearance of food, making it accessible for both diabetics in need of better disease management and the general public seeking to prevent diabetes.

Tessa Therapeutics

Series A in 2022
Tessa Therapeutics is a biotechnology company specializing in T cell therapy aimed at treating cancer, particularly solid tumors and lymphoma. The company focuses on developing both autologous and allogeneic cell therapies, including virus-specific T-cells and CAR T cells. Tessa Therapeutics aims to harness the body's anti-viral immune response to target and eliminate cancer cells, thereby transforming cancer treatment and enhancing the quality of life for patients. Through its innovative platform, Tessa Therapeutics is committed to advancing therapeutic options for healthcare providers and improving patient outcomes in the fight against cancer.

HealthBeats

Seed Round in 2022
HealthBeats is a subscription-based platform focused on remote patient vitals monitoring. The company provides a comprehensive solution that includes regulatory-approved medical devices, a user-friendly software platform, and extensive support services for both patients and healthcare providers. By offering a range of medical devices that can be easily self-administered at home, HealthBeats enables patients to monitor their health regularly. The results are transmitted in real-time to healthcare providers, facilitating proactive care management. This approach aims to reduce healthcare costs while improving patient outcomes, allowing individuals to effectively manage their health and maintain fitness.

Cakap

Series B in 2021
Cakap is an Indonesian EdTech company that specializes in an online language learning platform aimed at enhancing conversational skills. The platform facilitates live interactions between students and native teachers, offering multimedia learning content that replaces traditional textbooks and rigid class schedules. By providing a flexible learning environment, Cakap enables users to study from home or their office, ensuring a hassle-free educational experience. The company employs a two-way learning approach that connects students with professional educators and industry experts, adhering to an international standard curriculum. Cakap is accessible across various devices, including mobile apps and desktop, to reach a wide range of users, reflecting its commitment to making quality education accessible to all.

Holmusk

Venture Round in 2021
Holmusk is a health data analytics company focused on enhancing treatment for mental health and chronic diseases. It develops a real-world evidence platform that integrates specialty behavioral health data with advanced analytics to provide evidence-based insights for treatment decisions. By leveraging artificial intelligence and data science, Holmusk accelerates research and improves patient outcomes through predictive algorithms. Its proprietary modeling platform enables clients to analyze real-world data, facilitating personalized medicine and driving data-driven approaches in healthcare. The company's mission is to expand evidence-based care for individuals managing behavioral health conditions, ultimately supporting the commercialization of new treatments.

Pintek

Series A in 2021
Pintek is a financial technology company focused on enhancing access to education in Indonesia by offering affordable and flexible credit solutions. The company provides a range of financing services, including bailouts, working capital loans, installment plans, and investment funding specifically tailored for educational institutions. Pintek's non-collateral repayment program allows clients to secure loans for academic purposes with ease, thereby facilitating a more inclusive educational environment. Through its innovative approach, Pintek aims to alleviate financial barriers for students and educational providers alike.

Convegenius

Seed Round in 2021
ConveGenius is a social enterprise focused on enhancing educational outcomes in emerging markets through innovative technology solutions. The company has developed a mobile-based platform that utilizes conversational AI and big data analytics to create personalized and adaptive learning experiences for students. This platform, known as PAL, tailors educational content to meet individual student needs and incorporates gamification elements to engage learners effectively. Additionally, ConveGenius provides real-time impact dashboards that offer valuable insights and data to stakeholders, facilitating informed decision-making and ongoing improvements in educational implementation. Through its commitment to affordable and accessible education, ConveGenius aims to foster sustainable educational impact for diverse learning communities.

mfine

Series C in 2021
Mfine is an health-tech startup that offers an AI-powered online doctor consultation app. Their doctors have access to a proprietary Assistive Intelligence platform that can analyze the symptoms and deliver accurate prognosis for the specialist to assess patients. This means, the doctor knows about patients' condition even before they’ve seen them, making the diagnosis quicker and sharper. Mfine aims to make access to trusted healthcare simple, fast and proactive. With a combination of new-age technology and partnerships with best in class hospitals/clinics, they designed mfine keeping consumer experience at its core. Mfine brings in instant and continuous connectivity with top doctors of the best hospitals. It uses cutting edge technology to keep track of your health parameters and keep all your health data in your control and easily accessible. Digital wearable devices, mobile app, and at-home services bring in the much-needed convenience and speed in getting you the right care when you need it. Mfine was founded in 2017 and is based in Bengaluru.

Hummingbird Bioscience

Series C in 2021
Hummingbird Bioscience is a biotechnology company specializing in the development of novel therapeutic antibodies for oncology and immuno-oncology indications. Utilizing systems biology approaches and proprietary computational platforms, they discover and engineer innovative biotherapeutics targeting challenging disease pathways with strong biological validation. Their pipeline includes lead assets HMBD-001 (anti-HER3) and HMBD-002 (anti-VISTA), both in cancer treatment. The company has formed strategic partnerships with Cancer Research UK and Amgen, and received a product development grant from the Cancer Prevention and Research Institute of Texas.

mfine

Venture Round in 2021
Mfine is an health-tech startup that offers an AI-powered online doctor consultation app. Their doctors have access to a proprietary Assistive Intelligence platform that can analyze the symptoms and deliver accurate prognosis for the specialist to assess patients. This means, the doctor knows about patients' condition even before they’ve seen them, making the diagnosis quicker and sharper. Mfine aims to make access to trusted healthcare simple, fast and proactive. With a combination of new-age technology and partnerships with best in class hospitals/clinics, they designed mfine keeping consumer experience at its core. Mfine brings in instant and continuous connectivity with top doctors of the best hospitals. It uses cutting edge technology to keep track of your health parameters and keep all your health data in your control and easily accessible. Digital wearable devices, mobile app, and at-home services bring in the much-needed convenience and speed in getting you the right care when you need it. Mfine was founded in 2017 and is based in Bengaluru.

Cakap

Series A in 2020
Cakap is an Indonesian EdTech company that specializes in an online language learning platform aimed at enhancing conversational skills. The platform facilitates live interactions between students and native teachers, offering multimedia learning content that replaces traditional textbooks and rigid class schedules. By providing a flexible learning environment, Cakap enables users to study from home or their office, ensuring a hassle-free educational experience. The company employs a two-way learning approach that connects students with professional educators and industry experts, adhering to an international standard curriculum. Cakap is accessible across various devices, including mobile apps and desktop, to reach a wide range of users, reflecting its commitment to making quality education accessible to all.

Alchemy FoodTech

Venture Round in 2020
Alchemy FoodTech is a food science and technology company focused on developing innovative active food ingredients aimed at combating diabetes. The company emphasizes preventive healthcare by integrating advanced food, bio, and medical technologies into everyday foods. Alchemy FoodTech offers a plant-based fiber blend designed to slow the glucose release from refined carbohydrates, such as white rice, while enhancing fiber content beyond that of brown rice. This easy-to-use powdered blend does not alter the taste, texture, or appearance of food, making it accessible for both diabetics in need of better disease management and the general public seeking to prevent diabetes.

Alodokter

Series C in 2020
Alodokter is a digital health platform based in Indonesia that offers a comprehensive range of services aimed at enhancing patient care. The platform facilitates telemedicine services, allowing patients to connect with qualified doctors for consultations. In addition to this, Alodokter provides users with credible health information, supportive communities, and detailed reference materials covering various health topics. By enabling appointment booking and offering resources about illnesses, treatments, and healthy living, Alodokter empowers individuals to make informed health decisions, particularly in emergency situations. The platform is designed to improve accessibility to quality healthcare information and professional medical support for users across Indonesia.

The Gentle Group

Seed Round in 2020
The Gentle Group develops familiar, pleasant, nutritious soft meals that stimulate the appetite by their appearance, taste, and scent, restoring the joy of food to persons who have difficulty swallowing

Holmusk

Series A in 2020
Holmusk is a health data analytics company focused on enhancing treatment for mental health and chronic diseases. It develops a real-world evidence platform that integrates specialty behavioral health data with advanced analytics to provide evidence-based insights for treatment decisions. By leveraging artificial intelligence and data science, Holmusk accelerates research and improves patient outcomes through predictive algorithms. Its proprietary modeling platform enables clients to analyze real-world data, facilitating personalized medicine and driving data-driven approaches in healthcare. The company's mission is to expand evidence-based care for individuals managing behavioral health conditions, ultimately supporting the commercialization of new treatments.

Hummingbird Bioscience

Series B in 2019
Hummingbird Bioscience is a biotechnology company specializing in the development of novel therapeutic antibodies for oncology and immuno-oncology indications. Utilizing systems biology approaches and proprietary computational platforms, they discover and engineer innovative biotherapeutics targeting challenging disease pathways with strong biological validation. Their pipeline includes lead assets HMBD-001 (anti-HER3) and HMBD-002 (anti-VISTA), both in cancer treatment. The company has formed strategic partnerships with Cancer Research UK and Amgen, and received a product development grant from the Cancer Prevention and Research Institute of Texas.

Alodokter

Series C in 2019
Alodokter is a digital health platform based in Indonesia that offers a comprehensive range of services aimed at enhancing patient care. The platform facilitates telemedicine services, allowing patients to connect with qualified doctors for consultations. In addition to this, Alodokter provides users with credible health information, supportive communities, and detailed reference materials covering various health topics. By enabling appointment booking and offering resources about illnesses, treatments, and healthy living, Alodokter empowers individuals to make informed health decisions, particularly in emergency situations. The platform is designed to improve accessibility to quality healthcare information and professional medical support for users across Indonesia.

Pathstream

Series A in 2019
Pathstream is a web-based platform focused on teaching in-demand tech skills essential for the workforce. The company collaborates with leading technology firms and higher education institutions to enhance digital skill learning. Its platform offers students immediate access to pre-configured, project-based instruction, realistic workplace simulations, and on-demand coaching. This approach enables learners to acquire the necessary digital skills to thrive in a rapidly evolving job market.

Hummingbird Bioscience

Series A in 2019
Hummingbird Bioscience is a biotechnology company specializing in the development of novel therapeutic antibodies for oncology and immuno-oncology indications. Utilizing systems biology approaches and proprietary computational platforms, they discover and engineer innovative biotherapeutics targeting challenging disease pathways with strong biological validation. Their pipeline includes lead assets HMBD-001 (anti-HER3) and HMBD-002 (anti-VISTA), both in cancer treatment. The company has formed strategic partnerships with Cancer Research UK and Amgen, and received a product development grant from the Cancer Prevention and Research Institute of Texas.

ReUp Education

Series A in 2019
ReUp Education, Inc. is a San Francisco-based company that specializes in marketing services for educational institutions, focusing on re-enrolling students who have left college. Founded in 2015, ReUp utilizes data, technology, and personalized coaching to assist students in navigating the complexities of returning to school and completing their degrees. The company partners with universities and community colleges to engage and empower these students, addressing barriers to completion such as financial challenges, work and family obligations, health issues, and lack of motivation. By providing services that enhance goal-setting, study habits, financial management, and career preparation, ReUp aims to improve graduation rates and help students achieve their educational and professional aspirations. In doing so, ReUp addresses the significant issue of student dropouts in the United States, where millions have left college without earning their degrees, resulting in substantial economic and social consequences.

Alchemy FoodTech

Seed Round in 2019
Alchemy FoodTech is a food science and technology company focused on developing innovative active food ingredients aimed at combating diabetes. The company emphasizes preventive healthcare by integrating advanced food, bio, and medical technologies into everyday foods. Alchemy FoodTech offers a plant-based fiber blend designed to slow the glucose release from refined carbohydrates, such as white rice, while enhancing fiber content beyond that of brown rice. This easy-to-use powdered blend does not alter the taste, texture, or appearance of food, making it accessible for both diabetics in need of better disease management and the general public seeking to prevent diabetes.

Alchemy FoodTech

Seed Round in 2018
Alchemy FoodTech is a food science and technology company focused on developing innovative active food ingredients aimed at combating diabetes. The company emphasizes preventive healthcare by integrating advanced food, bio, and medical technologies into everyday foods. Alchemy FoodTech offers a plant-based fiber blend designed to slow the glucose release from refined carbohydrates, such as white rice, while enhancing fiber content beyond that of brown rice. This easy-to-use powdered blend does not alter the taste, texture, or appearance of food, making it accessible for both diabetics in need of better disease management and the general public seeking to prevent diabetes.

Holmusk

Seed Round in 2018
Holmusk is a health data analytics company focused on enhancing treatment for mental health and chronic diseases. It develops a real-world evidence platform that integrates specialty behavioral health data with advanced analytics to provide evidence-based insights for treatment decisions. By leveraging artificial intelligence and data science, Holmusk accelerates research and improves patient outcomes through predictive algorithms. Its proprietary modeling platform enables clients to analyze real-world data, facilitating personalized medicine and driving data-driven approaches in healthcare. The company's mission is to expand evidence-based care for individuals managing behavioral health conditions, ultimately supporting the commercialization of new treatments.

mfine

Venture Round in 2017
Mfine is an health-tech startup that offers an AI-powered online doctor consultation app. Their doctors have access to a proprietary Assistive Intelligence platform that can analyze the symptoms and deliver accurate prognosis for the specialist to assess patients. This means, the doctor knows about patients' condition even before they’ve seen them, making the diagnosis quicker and sharper. Mfine aims to make access to trusted healthcare simple, fast and proactive. With a combination of new-age technology and partnerships with best in class hospitals/clinics, they designed mfine keeping consumer experience at its core. Mfine brings in instant and continuous connectivity with top doctors of the best hospitals. It uses cutting edge technology to keep track of your health parameters and keep all your health data in your control and easily accessible. Digital wearable devices, mobile app, and at-home services bring in the much-needed convenience and speed in getting you the right care when you need it. Mfine was founded in 2017 and is based in Bengaluru.
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