Fundraising Fox
Spiral Ventures
Venture capitalJakarta · Pre-Seed–Growth · 9 people tracked
Find your way into Spiral Ventures
820 people in our graph share verified history with the Spiral Ventures team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Spiral Ventures invests in technology startups across Asia, focusing on India, Japan, and Southeast Asia. It aims to connect innovative founders with strategic capital and cross-border networks, enabling companies to scale regionally and internationally. The firm emphasizes bridging Japan and Southeast Asia through initiatives like its Japan Thematic Fund, supporting sustainable development and long-term business partnerships. With 70+ portfolio companies, 17 exits, and 4 unicorns, Spiral typically provides first checks of about US$1M and supports founders through every growth stage, seeking both financial returns and meaningful social impact across the region.
Source: firm website, verified Sep 27, 2026.
Team · 9 people
from the firm's website & curated
What they invest in
from 37 of 54 portfolio companiesFintech ×12SaaS ×11Consumer ×9E-commerce ×8AI & Machine Learning ×7B2B Marketplaces ×7Marketplaces ×7Enterprise Software ×5
HQs:Indonesia×10Singapore×7Malaysia×5India×4Japan×2Philippines×2
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×42 founders×53 founders×24+ founders×1
Where their founders studiedfrom 19 founders with education data
Harvard Business School ×4Harvard Business School Executive Education ×2Harvard University ×2Institut Teknologi Bandung ×2
What their founders studiedfrom 15 founders with field-of-study data
Business & Management ×8Engineering ×6Computer Science ×3Economics ×2
Where their founders worked beforefrom 20 founders with career history
McKinsey & Company ×3GSM Association ×2init 6 ×2Init 6 ×2
Investments · 54 tracked
founders shown can be your intro pathBy year:2025 · 12023 · 12014 · 13 dated
GrabAcademy, established in 2020, provides learning and development programs and training support for Grab's partners to help them deliver services and prepare for future challenges.
ConsumerEdTechFintechFuture of WorkLogistics & Supply ChainMarketplacesMobility & TransportationSingapore, SG
Anthony Tan(Founder)inHooi Ling TaninCheryl GohChin OngKell LiminSarah Limin
Co-investors137 Ventures500 Global500 Startups VietnamArbor VenturesBase PartnersBeacon VC+23 more
WAKAZE manufactures and sells Japanese sake and craft spirits, with production operations in both Japan and France.
ConsumerDirect to ConsumerFoodTechParis, FR
Takuma Inagawa(Representative Director & CEO)in
Co-investorsDBJ CapitalEgg ForwardJAFCO GroupJapan FinanceNissay CapitalSMBC Venture Capital+1 more
Fragaria Fruits is a high-tech farming company using indoor vertical farming to grow year-round strawberries, with pilots for blueberries and raspberries, sold under its Oh!
AgTechConsumerFoodTechBangalore, IN
Harish Varadharajan(Co-founder)Damian Lopez Salazar(Co-founder)Timothy Chad van Niekerk(Co-founder)
Co-investorsWEH VenturesRainmatter
Minto produces content across manga, animation, drama, and character properties, working with creators to deliver emotionally engaging entertainment.
ConsumerCreator EconomyMedia & EntertainmentTokyo, JP
水野 和寛(代表取締役 (CEO))
Co-investorsABC Dream VenturesEast VenturesKakao PiccomaMizuho CapitalSMBC Venture CapitalNTT DOCOMO Ventures
Lal10 is a B2B platform connecting brands with manufacturers and sellers of soft-home and textile products such as floor coverings, home linen, table linen, and bed linen.
Advanced ManufacturingB2B MarketplacesE-commerceNew York City, US
Maneet Gohil(Founder)Sanchit Govil(Founder)
Co-investorsAurum Venture PartnersBeyond CapitalBeyond Capital VenturesGemba Capital Venture PartnersPegasus India Evolving Opportunities Fund
Aqwire provides payment processing and orchestration solutions for enterprises, offering dashboard tools, API integration, and auto-debit capabilities to manage transactions.
Enterprise SoftwareFintechSaaS
Co-investorsIdeaspace VenturesManila Angel Investors NetworkVulpes Ventures
FAVO is an Indonesian online store for health, personal care, and wellness products, selling items such as vitamins, skincare, sunscreen, grooming products, medicated oils, and contraceptives from established brands.
ConsumerE-commerceWellness & Fitness
Atlas is an AI-powered platform that generates lecture notes and transcripts from audio recordings of lectures, meetings, and study sessions for students.
AI & Machine LearningEdTech
Co-investorsAirbus Ventures
PT Bukalapak.com Tbk operates an online shopping platform in Indonesia.
ConsumerFintechImpact & Social Good
Muhamad RasyidNugroho HerucahyonoinAchmad Zaky(Founder)inDian HaryokusumoinTeddy OetomoWillix Halimin
Co-investors500 Global500 Startups VietnamEndeavor CatalystMandiri Capital IndonesiaRebright PartnersSC Ventures+3 more
Bunzz provides a platform for developers to find, deploy, and manage reviewed smart contracts across EVM-compatible blockchains via a GUI, along with an AI-based smart contract audit service and LLM-powered contract documentation generation.
AI & Machine LearningCrypto & Web3Developer Tools
Co-investorsAPOLLO CAPITALDG Daiwa VenturesHyperithmmint VC
CarbonEthics develops nature-based carbon projects focused on ecosystem restoration, particularly in blue carbon environments, combining climate finance with regulatory expertise to generate high-integrity carbon credits.
CleantechClimate TechImpact & Social GoodUnknown from page, ID
Co-investorsIntudo Ventures
Carsome operates a used-car transaction platform in Malaysia that links private sellers with a network of dealers.
Mobility & Transportation
Aaron FoongJiun Ee TeohinKee Choon (Eric) Cheng
Co-investors500 GlobalAEF Greater Bay Area FundBurda Principal InvestmentsEndeavor CatalystGobi PartnersInnoVen Capital+3 more
Carsome is a used car marketplace that conducts rapid vehicle inspections (30-45 minutes) with transparent pricing and provides a one-year warranty on engine, transmission, and AC.
B2B MarketplacesMarketplacesRetail TechJakarta, ID
Co-investors500 Startups VietnamAC VenturesEmissary CapitalIndogen Capital500 GlobalAsia Partners+2 more
Noida, IN
Bhaswat Agarwal(Founder)
Co-investorsAlpha Wave GlobalGSV VenturesOwl VenturesRTP GlobalSTRIVE
Coda is a payments and monetization platform that connects digital publishers to local and global payment methods, enabling access to over 200 million paying users.
B2B MarketplacesE-commerceFintechGamingMarketing TechMarketplacesSaaSSingapore, SG
Paul Leishman(Co-Founder)inNeil Davidson(Co-Founder)inMike Feldkamp(Chief Technology Officer)Shane Happach(Chief Executive Officer)in
Co-investorsCento VenturesGMO VenturePartnersGolden Gate VenturesMadrona Venture GroupGICInsight Partners+1 more
D3 Labs develops blockchain-based programmable asset infrastructure and solutions for businesses in Southeast Asia, starting with Indonesia.
Crypto & Web3Enterprise SoftwareFintech
Chung Ying Lai(Co-CEO)Tigran Adiwirya(Co-CEO)
Co-investorsSaison Capital
Dagangan is an Indonesian wholesale e-commerce platform that connects small retailers and traditional warungs in tier 3-4 cities and rural areas with suppliers through a hub-and-spoke network of micro-warehouses and last-mile delivery.
B2B MarketplacesE-commerceLogistics & Supply ChainSleman Regency, ID
Ryan ManafeinWilson Yanaprasetya(Founder)in
Co-investors500 GlobalW Inc.Monk's Hill Ventures
Docquity operates a platform for verified doctors across Asia and the Middle East, providing clinical tools, professional content, and an AI product (Dx) for modern clinical practice.
AI & Machine LearningDigital HealthEdTechHealthtechSingapore, SG
Indranil Roychowdhury(Founder)in
Co-investorsAC VenturesAlkemi Growth CapitaliGlobe PartnersGenesia VenturesGlobal Brain
First Circle is a Philippine fintech building a full-stack neobank for small and medium enterprises, providing financing, cash-flow management tools, and rooftop solar solutions.
Enterprise SoftwareFintechSaaSTaguig, PH
Patrick Lynch(Founder)inJorrit Koopin
Co-investors500 GlobalAccionInsignia Ventures PartnersVenturraEndeavor CatalystFasanara Capital+2 more
Flare develops AI-driven systems to manage essential workers—such as drivers, cleaners, security guards, and domestic workers—in emerging markets, vertically integrating its technology platform, worker staffing (via subsidiary Drive-Z), and customer implementation.
AI & Machine LearningFuture of WorkHR TechTokyo, JP
Kazuki Kamiya(CEO)Satoru Ichihara(COO)Shinya Hayashi(CSO)Hidefumi Iwaki(CFO)Tomohiro Sasaki(Executive Officer (Product Development))
Co-investorsANOBAKACARTA VENTURES, Inc.Agent CapitalCasdin CapitalInvusNextech Invest+2 more
Fruits operates an online marketplace for buying and selling premium domain names, charging fees only to sellers and offering a buyer protection program with secure domain transfers.
E-commerceMarketplaces
Co-investorsTiburonRainmatterWEH Ventures
GoCement is an Indonesian online marketplace for building and construction materials, connecting buyers with local building-supply stores via a mobile app and website.
B2B MarketplacesConstruction TechE-commerce
Co-investorsFoundamentalKejora CapitalReflect VenturesBEENEXT
HealthMetrics provides data-driven wellness programs and cloud-based healthcare management for organizations.
Data & InfrastructureDigital HealthEnterprise SoftwareHealthtechHR TechInsurTechSaaS
Co-investorsArtem VenturesCradle Seed VenturesPartners for GrowthPartners for Growth (PFG)
iMoney is a Malaysian financial comparison website where users can compare, apply for, and earn rewards on financial products; this page lets consumers browse and compare unit trust (mutual fund) investments available in Malaysia.
FintechMarketplacesMedia & Entertainment
Co-investorsECONA AGJungle VenturesRebright Partners
Advanced ManufacturingConsumer
Co-investors500 GlobalAppWorks VenturesHoxton VenturesITERATIVEAntlerOctopus Ventures+1 more
Instapay provides a digital payroll and workforce payment platform that enables employers to manage and disburse salaries to employees through e-wallets, targeting construction, manufacturing, plantation, food and beverage, and gaming sectors.
ConsumerFintechHR TechSaaSKuala Lumpur, MY
Kata.ai provides a large language model that lets brands and enterprises build intelligent chatbots for marketing, commerce, and behavioral data collection across social and chat apps such as LINE, Facebook, and WhatsApp.
AI & Machine LearningE-commerceEnterprise SoftwareHR TechMarketing TechSaaSSales Tech
Ahmad Rizqi MeydiarsoinChristian FrankeIrzan Raditya(Founder)inReynir FauzaninWahyu Wrehasnaya(Founder)in
Co-investors500 GlobalAC VenturesConvergence VenturesMDI VenturesTrans-Pacific Technology Fund
Raffisal Damanhuri(Founder)inAnggara Pranaspati(Founder)in
Co-investorsVertex Ventures Sea Management Pte. Ltd.
Omnistream is an AI-powered category-management platform that helps retailers optimize product placement and range decisions across their store locations.
AI & Machine LearningRetail TechSaaS
Wendy ChenShivang KotakAkshay Kamath
Co-investorsWavemaker PartnersDelivery Hero Ventures
Kuala Lumpur, MY
Winnie Chua 蔡宁(Founder)
Co-investorsKK FundAltara Ventures
Remind provides mobile-first, two-way messaging for education, letting teachers, administrators, students, and families communicate without sharing personal phone numbers.
EdTechSaaS
Brett Kopf(Co-founder)inDavid Kopf(Co-founder)in
.jpg)
Co-investors500 GlobalBling CapitalGSV VenturesImagine K12Kleiner PerkinsTeamworthy Ventures+1 more
SECAI MARCHE operates a marketplace infrastructure in Southeast Asia connecting producers and chefs through an e-commerce platform serving the regional food supply chain.
AgTechB2B MarketplacesE-commerceFoodTechTokyo, MY
Shusaku Hayakawa(Founder)in
Co-investorsGlobal BrainNTT DOCOMO VenturesRakuten CapitalMOL PLUS
SPUN is an AI-assisted visa application platform that helps travelers organize, autofill, and verify documents, then processes visa applications with the relevant authorities and delivers results.
AI & Machine LearningSaaSTravel & HospitalityJakarta, ID
Christa Sabathaly(Founder)
Co-investorsITERATIVEGenesia Ventures
SwipeRx operates a digital network for independent pharmacies and pharmacy professionals across Southeast Asia, offering community tools and a purchasing platform for buying quality medicines.
B2B MarketplacesDigital HealthHealthtechMarketplacesSaaS
Farouk Meralli(Founder)inJon LininYee Fong Ten
Co-investors500 GlobalKickstart VenturesPatamar CapitalBill & Melinda Gates FoundationMDI Ventures
Ternakin offers fish farming partnership investment opportunities where investors contribute capital for pond construction (CAPEX), operational costs (OPEX), or both, while the company manages professional-grade aquaculture operations and guarantees market access for harvested fish products.
AgTechFintechFoodTechIoT
Co-investorsGenesia Ventures
Vexere is an online platform for booking bus and train tickets in Vietnam, offering promotions, travel insurance, and multiple payment options for travelers.
MarketplacesSaaSTravel & Hospitality
Co-investorsPix Vine Capital
Yellow Metal offers home-delivered gold loans in India, aiming to provide rural households a simple gold loan at their home within 30 minutes.
FintechBengaluru, IN
Rahul Boggaram(Founder)in
Co-investorsFirst ChequeMSA NovoWaterBridge VenturesMSA Capital
Zipmatch runs a real estate brokerage and property listing platform based in Singapore.
PropTech
John Dang
Co-investors500 GlobalIdeaspace VenturesKickstart VenturesKickstart
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AIVS-PRBeaunetBharatNXTCrowd CastDocsquityHealthtripHishabiPriceNirog StreetQratesQuanTaidiiZoom it
Exits · 1
1 IPOsGrabNASDAQ: GRAB
Portfolio news
latest coverage across their companies
Frequently asked questions
- How many investments has Spiral Ventures made?
- Spiral Ventures has 54 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
- What stage does Spiral Ventures invest at?
- Spiral Ventures invests at the Pre-Seed, Seed, Series A, Growth stages.
- What is Spiral Ventures's typical check size?
- Spiral Ventures typically writes checks of $1M.
- What sectors does Spiral Ventures focus on?
- Spiral Ventures focuses on AgTech, AI & Machine Learning, Cleantech, Crypto & Web3, E-commerce, EdTech, Fintech, Healthtech, HR Tech, Logistics & Supply Chain, Marketing Tech, Media & Entertainment, Mobility & Transportation, PropTech, SaaS, Sector Agnostic.
- Where is Spiral Ventures located?
- Spiral Ventures is headquartered in Jakarta, ID.
- Does Spiral Ventures lead rounds?
- Yes, Spiral Ventures leads investment rounds.
- Who does Spiral Ventures co-invest with?
- Spiral Ventures most often shares deals with 500 Global, STRIVE, AC Ventures, among 89 tracked co-investors.
Images
Similar investors
Everywhere Ventures is an early-stage venture firm that writes pre-seed checks and is backed by a community of founder and operator LPs.
MPG Fund is an early-stage venture investor backing technology startups.
Monashees is a Latin American venture capital firm backing technology-driven founders building category-defining companies from the region for global markets.
XAnge is a European early-stage venture capital firm that has backed over 200 startups over more than 20 years, with hubs in Paris, Berlin and Brussels.
Valor Capital Group is a cross-border venture fund connecting the US, Latin American, and global technology markets, investing in consumer internet and enterprise software companies.