Netrove Ventures

Netrove was founded in 1999 as a regional venture capital and corporate finance advisory firm that provides critical capital and venture advisory services. It focuses mainly on risk capital investment and fund raising, corporate finance advisory, IPO, M&A advisory and investment opportunities in the region. Today Netrove has offices in Hong Kong, Kuala Lumpur, and Guangzhou.

Joanne Lee

Vice President

Jeff Tan

Venture Partner

Tony Xu

Head of China

8 past transactions

Eat Cake Today

Seed Round in 2017
Eat Cake Today is a provider of on-demand cake delivery services that deliver cakes and desserts to customers' homes. They provide a plethora of cakes from local bakeries and cafes for users to choose from and have hand delivered by their delivery executives, allowing cake lovers and seekers to order cakes online and enjoy their favorite dessert in the comfort of their own homes.

Fruiti King

Seed Round in 2016
Fruiti King is a fruit based ice cream firm

EAT Holding Corporation

Funding Round in 2016
An investment fund with focus in education and healthcare sector and managed

Gravity4

Funding Round in 2016
Gravity4 is the world’s first high-frequency machine-learning marketing OS, built to enhance the advertising and SaaS industries. It collates customer experience so marketers can target a customer throughout the entire purchase journey and across all consumer touch-points, regardless of the delivery channel. Its proprietary AI technology, Mona Lisa, builds a consumer persona by aggregating data across channels. The platform’s fluid and constant in-stream of data are sorted into a semantic graph to form connection clusters, using the correlation variables. All through a single click, it empowers agencies and marketers to allow connected software to optimize a manually driven $200 billion global advertising market. The company’s headquarters is in Miami, but it has offices in Sydney, Stockholm, Oslo, Auckland, Madrid, Singapore, Copenhagen, London, Dublin, Amsterdam, Helsinki, Hong Kong, Shanghai, Kuala Lumpur, Christchurch, Taipei, and India.

CrowdPlus.asia

Funding Round in 2015
CrowdPlus.asia is an equity crowdfunding platform backed by Netrove Ventures Group, a regional tech-based venture capital firm. Leveraging on a tried and tested deal sourcing and selection process that will enhance the quality of deals presented to the crowd for equity funding, their platform also launches their unique "QMI" feature that will bring to play qualified mentors and investors across the region to achieve greater value creation and enhance success for companies funded through CrowdPlus.asia. Using Malaysia as the equity crowdfunding hub for ASEAN, CrowdPlus.asia will collaborate with various government agencies in Malaysia and the region and tap into various early-stage incubators and investing networking groups across the region to build an ecosystem for entrepreneurs to be mixing with the “right crowd”.

Zapzapmath

Seed Round in 2015
Zapzapmath Inc. (https://www.zapzapmath.com) was founded in 2015 with a mission to make math learning fun and engaging for kids. It is a gamified math ecosystem that covers all math topics in K-6 grades worldwide and is compliant and can be customised to comply with a variety of math standards worldwide. Teachers and parents of Zapzapmath players can keep track of their progress with its back-end dashboard analytics and reporting while players can access Zapnet, a network that connects them for multiplayer games. Zapzapmath’s product offering range comprises its flagship product, Zapzapmath, its core B2B product covering all K-6 math topics with full back-end reporting, and a B2C consumer app, Zap Zap Kindergarten Math containing 25 games for kids aged 4 - 6 years with an integrated adaptive learning feature. Zapzapmath was co-founded by Hong Kong based Max Teh, who is also Chairman of Netrove Venture Capital. Max has over 20 years of experience in building and investing in startups with multiple triple digits IRR exits. Max is the visionary behind the ecosystem with John Ng, a former Singapore math teacher, who heads up the product and engineering team. John is the brain behind the products’ architecture and content. Adam Goh completes the original founding team and is the head of UI/UX, responsible for the design and artistic direction. The company's highly experienced team is made up of former math teachers, creative people, technologists and strategists, who work closely with a number of advisors including teachers, principals and education consultants to ensure its games and content are both fun and effective. Having been featured in the App Store in close to 200 countries and won the Best Startup Award at RISE conference 2017, Zapzapmath aims to continue being the choice of learners in homes and classrooms around the world.

Vidi (formerly Touristly)

Seed Round in 2014
Launched in June 2015, Vidi (previously known as Touristly) is a platform that enables travellers to customize holidays with ease. Aiming to eliminate the process of searching through various websites and apps for the best deals, Vidi is a one stop centre for travellers’ on-location activities. Vidi features over 13,000 deals on tours, attractions, activities, spas and restaurants in over 79 destinations around Asia Pacific, and will be adding more destinations and tours around the world. On 19th April 2017, Air Asia Berhad acquired a 50% stake in Vidi with an aim to integrate its services with the Tune Group, Vidi is in partnership with AirAsia BIG, Rokki, AirAsia Redtix, Tune Hotels, Tune Protect, and AirAsia. Vidi has also raised investments from Tune Labs, Netrove Ventures Group and is recipient of Cradle Fund’s CIP500 Grant.

Leroy International

Funding Round in 2010
Healthcare direct sales in China
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