UOB Venture Management

UOB Venture Management is a Singapore-based investment firm established in 1991 as a wholly owned subsidiary of United Overseas Bank. The firm specializes in financing privately-held companies through direct equity investments, primarily targeting sectors such as healthcare, industrials, energy, transport, food, technology, consumer goods, and services. While its main focus is on Southeast Asia and Greater China, UOB Venture Management also considers opportunities in other regions, including the United States and South Korea. The firm seeks to support companies across various stages of development, aiming to foster growth and innovation within its investment portfolio.

Fang Jing

Senior Director

Vivian Fu

Director - China

Clarissa Loh

Senior Director - Singapore

Paul Ng

Executive Director

Seah Kian Wee

Founder, Managing Director and CEO

Jean Thoh

Executive Director

Mark Yeo

Executive Director

Past deals in Indonesia

Evermos

Series C in 2023
Evermos is a social commerce startup based in Indonesia that connects brands, resellers, and consumers, focusing on everyday Muslim products. Founded in November 2018, the platform allows individuals to become resellers without needing significant operating capital or complex e-commerce systems. Resellers can share a variety of halal products—including fashion, food, cosmetics, and home appliances—through messaging applications or social media, earning commissions on sales. By targeting lower-tier cities in Indonesia, Evermos aims to meet the everyday needs of Muslim consumers while empowering resellers to generate additional income. The company also seeks to support small brands in scaling their operations, thereby contributing to social impact and economic prosperity for individuals at the bottom of the economic pyramid.

Evermos

Series B in 2021
Evermos is a social commerce startup based in Indonesia that connects brands, resellers, and consumers, focusing on everyday Muslim products. Founded in November 2018, the platform allows individuals to become resellers without needing significant operating capital or complex e-commerce systems. Resellers can share a variety of halal products—including fashion, food, cosmetics, and home appliances—through messaging applications or social media, earning commissions on sales. By targeting lower-tier cities in Indonesia, Evermos aims to meet the everyday needs of Muslim consumers while empowering resellers to generate additional income. The company also seeks to support small brands in scaling their operations, thereby contributing to social impact and economic prosperity for individuals at the bottom of the economic pyramid.

Pluang

Series B in 2021
Pluang is a financial technology application founded in 2019 and headquartered in Jakarta, Indonesia. It aims to provide easy and affordable access to various investment products for the Indonesian population. The platform offers a range of investment options, including stocks, cryptocurrency, mutual funds, and gold savings, with the latter allowing investments starting from just 0.01 grams. Users benefit from real-time liquidity, as the gold is securely held in a government-backed institution through the official Indonesian commodities exchange. Pluang's user-friendly application and an online-to-offline distribution model help promote financial inclusion and improve savings among its users.

TaniHub

Series B in 2021
TaniHub is a B2B agriculture marketplace based in Indonesia that connects farmers with businesses in the food, hotel, restaurant, and catering sectors. Established in 2015 by co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan, TaniHub provides an e-commerce platform for agricultural products. The platform empowers local farmers by facilitating market access and financial opportunities, allowing them to sell their crops to individuals and micro, small, and medium enterprises (MSMEs) across various regions.

Halodoc

Series C in 2021
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, making healthcare more accessible. The platform also allows patients to order laboratory tests that can be conducted at home. Additionally, HaloDoc helps users locate the nearest hospitals and clinics, streamlining the process of obtaining medical advice and services in real-time.

TaniHub

Series A in 2020
TaniHub is a B2B agriculture marketplace based in Indonesia that connects farmers with businesses in the food, hotel, restaurant, and catering sectors. Established in 2015 by co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan, TaniHub provides an e-commerce platform for agricultural products. The platform empowers local farmers by facilitating market access and financial opportunities, allowing them to sell their crops to individuals and micro, small, and medium enterprises (MSMEs) across various regions.

Ruangguru

Series C in 2019
Ruangguru is an education technology company based in Jakarta Raya, Indonesia, founded in 2013. It specializes in providing e-learning services through its platform, which facilitates access to educational materials for students. The platform serves as an online marketplace that connects private tutors with students, offering a diverse range of courses that extend beyond traditional school subjects to include standardized test preparation, languages, music, sports, and computer skills. Ruangguru is dedicated to partnering with local governments to enhance the quality of education, employing a Learning Management System (LMS) that allows students to monitor their progress and prepare effectively for exams.

Ruangguru

Series B in 2019
Ruangguru is an education technology company based in Jakarta Raya, Indonesia, founded in 2013. It specializes in providing e-learning services through its platform, which facilitates access to educational materials for students. The platform serves as an online marketplace that connects private tutors with students, offering a diverse range of courses that extend beyond traditional school subjects to include standardized test preparation, languages, music, sports, and computer skills. Ruangguru is dedicated to partnering with local governments to enhance the quality of education, employing a Learning Management System (LMS) that allows students to monitor their progress and prepare effectively for exams.

Lifetrack Medical Systems

Series A in 2019
Lifetrack Medical Systems is a health-tech company that has created the LifeSys™ platform, a scalable and distributed medical imaging software aimed at enhancing access to healthcare in emerging markets. This innovative system enables large healthcare chains, public health systems, and radiology group practices to efficiently manage and distribute medical images, improving operational efficiency while minimizing costs. By addressing the specific needs of regions with limited resources, Lifetrack seeks to provide simple and intuitive solutions for the healthcare ecosystem, particularly in medical imaging. The company has established a global presence, serving customers in the United States, Philippines, Indonesia, India, Singapore, Vietnam, Thailand, the UK, and Nigeria. Lifetrack has secured multiple regulatory approvals, including US FDA 510(k), CE Mark, and ANVISA registration, and holds two patents from the United States Patent Office.

Halodoc

Series B in 2019
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, making healthcare more accessible. The platform also allows patients to order laboratory tests that can be conducted at home. Additionally, HaloDoc helps users locate the nearest hospitals and clinics, streamlining the process of obtaining medical advice and services in real-time.

Ruangguru

Series B in 2017
Ruangguru is an education technology company based in Jakarta Raya, Indonesia, founded in 2013. It specializes in providing e-learning services through its platform, which facilitates access to educational materials for students. The platform serves as an online marketplace that connects private tutors with students, offering a diverse range of courses that extend beyond traditional school subjects to include standardized test preparation, languages, music, sports, and computer skills. Ruangguru is dedicated to partnering with local governments to enhance the quality of education, employing a Learning Management System (LMS) that allows students to monitor their progress and prepare effectively for exams.

Pluang

Pluang is a financial technology application founded in 2019 and headquartered in Jakarta, Indonesia. It aims to provide easy and affordable access to various investment products for the Indonesian population. The platform offers a range of investment options, including stocks, cryptocurrency, mutual funds, and gold savings, with the latter allowing investments starting from just 0.01 grams. Users benefit from real-time liquidity, as the gold is securely held in a government-backed institution through the official Indonesian commodities exchange. Pluang's user-friendly application and an online-to-offline distribution model help promote financial inclusion and improve savings among its users.
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