About Spiral Ventures
Spiral Ventures is a venture capital firm founded in 2013. It is primarily based out of Singapore, Singapore. As of Aug 2024, Spiral Ventures has invested in 118 companies. It primarily invests in Series A round in Japan based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it led the $2.05M Series A round of Secai Marche along with Mitsubishi UFJ Capital. This round also saw participation from Beyond Next Ventures and other investors.
Overall, Spiral Ventures portfolio has seen 2 unicorns, 4 IPOs and 14 acquisitions including key companies like Bukalapak, Truebil and . A lot of funds co-invest with Spiral Ventures, with names like 500 Durians sharing a substantial percentage of its portfolio.
Spiral Ventures has team of 8 people including 6 partners.
Spiral Ventures' List of Top Investments
Spiral Ventures has a portfolio of 118 companies, including 2 unicorns. Their most notable investments are in Truebil and Healthtrip.Their portfolio spans across Japan, India, IndonesiaÌý²¹²Ô»å 8 more locations. They have invested in Enterprise Applications, Consumer, RetailÌý²¹²Ô»å 28 other sectors, across stages such as Series A, Seed Ìý²¹²Ô»å 3 more. Here is the list of top investments by Spiral Ventures:
1. Bukalapak
Online marketplace platform offering multi-category consumer products on flash sales. The product catalog includes beauty care, fashion, electronics, sports, health care, home care, groceries, stationery, pet products, and more. Its app is available on Android and iOS platforms.
Key facts about Bukalapak
- Founded Year: 2010
- Location: Jakarta (Indonesia)
- Stage: Public
- Total Funding till date: $584M
- Investors: GIC, Standard Chartered and 24 Others
- Latest Funding Round: Series G, Apr 14, 2021, $234M
- Highlight: Public
2. Classplus
Online platform for managing coaching institutes. It provides features such as attendance tracking, insightful student reports, a parent communications module, fee records, and more. Its app is available for Android devices.
Key facts about Classplus
- Founded Year: 2018
- Location: Noida (India)
- Annual Revenue: ₹265Cr as on Mar 31, 2024
- Valuation: $554M as on Jun 05, 2024
- Stage: Series D
- Total Funding till date: $279M
- Employee Count: 369 as on Feb 28, 2025
- Investors: TRP, Sequoia Capital and 49 Others
- Latest Funding Round: Series D, Jun 05, 2024, $8.58M
- Highlight: Editors' Pick
3. PropTiger
Online brokerage service platform for residential properties. The platform enables homebuyers to search for & buy residential properties. It provides assistance in searching & shortlisting, site visits, legal advice, and more. It provides home buyers features including home loans and property registrations.
Key facts about PropTiger
- Founded Year: 2011
- Location: Gurugram (India)
- Annual Revenue: 44.5M SGD as on Mar 31, 2022
- Valuation: $120M as on Apr 30, 2015
- Stage: Series C
- Total Funding till date: $99M
- Employee Count: 429 as on Oct 31, 2024
- Investors: SoftBank Group, SoftBank Group and 26 Others
- Latest Funding Round: Series C, Jan 10, 2017, $55M
- Highlight: Editors' Pick
4. SpotDraft
Provider of AI-powered contract management software. It is a contract automation and management platform that streamlines the drafting, signing, and management of contracts for businesses. The platform offers a shared space to review, redline, and finalize contracts. It provides a repository that allows users to consolidate and store contracts. Its analytics feature provides insights into the contracting process and supports the decision making process.
Key facts about SpotDraft
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: ₹63.3Cr as on Mar 31, 2024
- Valuation: ₹1,160Cr as on Dec 05, 2024
- Stage: Series B
- Total Funding till date: $105M
- Employee Count: 234 as on Feb 28, 2025
- Investors: Naspers, Premji Invest and 53 Others
- Latest Funding Round: Series B, Feb 12, 2025, $54M
- Highlight: Editors' Pick
5.
Professional networking platform for doctors. It connect healthcare professionals and facilitate discussions on real-world medical cases. It also provides chat for doctors, medical video lectures, live webinars, and a medical events calendar. It offers courses that teach the fundamentals of writing and publishing medical articles, case reports, and research papers. It offers courses focused on personal development, stress management, and preventing burnout for healthcare professionals.
Key facts about Docquity
- Founded Year: 2011
- Location: Singapore (Singapore)
- Annual Revenue: 5.26M SGD as on Dec 31, 2023
- Stage: Series C
- Total Funding till date: $57.5M
- Employee Count: 156 as on Jan 31, 2023
- Investors: IGlobe Partners, and
- Latest Funding Round: Series C, Aug 18, 2022, $44M
- Highlight: Editors' Pick
Spiral Ventures' Year-on-Year Investment Trends
Spiral Ventures has invested in 118 companies over the last 15 years, with an average of 6 new investments annually in the last 10 years. In 2024, it made 2 investments. Its most recent first time investment was in IXYAS and most recent follow-on round was in Secai Marche.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 1 | 1 | 2 |
2023 | 3 | 3 | 6 |
2022 | 7 | 1 | 8 |
2021 | 1 | 2 | 3 |
2020 | 4 | 3 | 7 |
2019 | 7 | 0 | 7 |
2018 | 12 | 3 | 15 |
2017 | 12 | 2 | 14 |
2016 | 11 | 3 | 14 |
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Spiral Ventures' Investments by Stage
Spiral Ventures has made 37 investments in Series A stage with an average round size of $4.59M, 31 investments in Seed stage with an average round size of $1.49M, 6 investments in Series B stage with an average round size of $2.42M, 2 investments in PE stage and 1 investment in Unattributed stage with an average round size of $4.4M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series A | 37 |
Seed | 31 |
Series B | 6 |
PE | 2 |
Unattributed | 1 |
Spiral Ventures' Investments by Sector
Spiral Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, FinTech and High Tech. Notably, it has invested in 99 Tech companies, 64 Enterprise (B2B) companies, 62 Consumer (B2C) companies and at least 44 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Consumer | 36 |
Enterprise Applications | 24 |
Retail | 22 |
FinTech | 14 |
High Tech | 10 |
Others | 78 |
Spiral Ventures' Investments by Geography
Spiral Ventures has made most investments in Japan (30), followed by India where it has made 12 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Japan | 30 |
India | 12 |
Malaysia | 9 |
Indonesia | 8 |
Philippines | 4 |
Others | 15 |
Spiral Ventures' recent investments
Here are the most recent investments by Spiral Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 05, 2024 | Japan | Series A | $2.05M | Beyond Next Ventures [+4] | |
Apr 30, 2024 | Japan | Series A | $3.25M | ||
Nov 28, 2023 | Vietnam | Seed | $2M | [+3] | |
Oct 06, 2023 | India | Series A | $1.67M | [+2] | |
May 23, 2023 | Malaysia | Series B | $15.4M |
Get the detailed list of all investments by Spiral Ventures. Download now!Unicorns in Spiral Ventures' Portfolio
Here is a list of unicorns in Spiral Ventures' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
57 | Provider of merchant of record services and global payment solutions | 2011 | - | Singapore | Series C | lxypxde | |
54 | App based C2B marketplace for used cars | 2015 | Petaling Jaya | Series E | lnpmpby |
IPOs and Publicly Listed companies in Spiral Ventures' Portfolio
Here are Spiral Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 06, 2021 | - | - | - | |
 | Dec 23, 2020 | Jan 23, 2017 | Unattributed | $4.4M |
Sep 28, 2020 | Nov 02, 2017 | Series B | Undisclosed | |
Mar 26, 2014 | - | - | - |
Acquired companies in Spiral Ventures' Portfolio
Here are Spiral Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 27, 2024 | - | - | - | |
May 16, 2024 | May 16, 2016 | Series B | $4.25M | |
Apr 04, 2023 | Oct 01, 2015 | Seed | $1.2M | |
Apr 04, 2023 | Dec 14, 2015 | Seed | $1.2M | |
Aug 26, 2020 | - | - | - |
Team profile of Spiral Ventures
Spiral Ventures has a team of 8 membersÌýincluding 6 Partners and 1 PrincipalÌýlocated in Japan, Indonesia and . Spiral Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Spiral Ventures:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Tokyo | - | ||
Partner | Tokyo | - | - | |
Partner | Japan | - | - | |
Partner | - | - | - | |
Partner | Singapore | - | ||
Partner | Mumbai | - | ||
Principal | Jakarta | - | ||
Associate | Jakarta | - |
Get the full list of Spiral Ventures' team & partners for free. Download now!Co-investors of Spiral Ventures
Over the past 15 years, 766 investors have co-invested in Spiral Ventures's portfolio companies.
- Invested before Spiral Ventures:ÌýCyberAgent Capital, GMO Venture Partners and 129 others have invested in rounds before Spiral Ventures. There are 6 companies where CyberAgent Capital has invested before Spiral Ventures and 3 companies where GMO Venture Partners has invested before Spiral Ventures.
- Top Co-investors of Spiral Ventures:Ìý259 investors entered a company along with Spiral Ventures. These include investors like 500 Durians (8 companies).
- Invested after Spiral Ventures:ÌýA total of 376 investors have invested in Spiral Ventures's portfolio after their investments. Top Investors include Gobi Partners (4 companies), Kunal Naresh Shah (3 companies) and Pallav Pandey (3 companies).
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