This quarter, the Altara Ventures portfolio achieved some exciting milestones, which we are delighted to share below.
KYAN Technologies announced a partnership with Mayo Clinic Laboratories, a global leader in advanced laboratory testing, to distribute KYAN's cutting edge ex-vivo drug sensitivity platform, OptimAI, to oncologists, biopharma companies and researchers in the United States and globally. Also, in a recent NPJ Precision Oncology study (Nature Portfolio Journal), researchers applied KYAN's OptimAI platform to optimize treatment strategies for soft tissue sarcoma. Clinical concordance analysis demonstrated a Total Predictive Value of 77.8%, validating the accuracy of OptimAI in guiding treatment decisions.
PolicyStreet announced a partnership with Ashley Furniture to launch an embedded furniture protection plan across Malaysia. The collaboration allows customers to secure insurance coverage for accidental damage and natural disasters on their Ashley Furniture items.
Stashfin announced it achieved profitability for the full year 2024. The milestone marks a significant step for the company as it scales its digital lending operations across India and Southeast Asia.
Buy&Ship has successfully integrated with Japan's largest C2C marketplace, Mercari, in a strategic initiative to unlock Mercari's full catalogue for Buy&Ship's international shoppers.
Tonik announced a path to cash flow breakeven in 2025 as losses continue to narrow. Net interest income grew by 44% and losses narrowed by 26% year-on-year. Tonik is also targeting a 70% to 100% year-on-year increase in revenue this year. Its loan book has doubled 2.6x year on year.
Allra reached KRW 5 trillion (~US$3.7B) in cumulative loans distributed to date, further solidifying its leadership in the B2B merchant receivables financing market. Allra continues to demonstrate exponential growth with an aggregate loan amount growing 500x since Nov 2020.
Senior Investment Associate Jun Ho Bae led a panel discussion session at GITEX Asia where he facilitated an insightful dialogue about quantum technology and its global potential.
General Partner Dave Ng spoke at the AMPED 2025 conference hosted by Tech in Asia where he gave practical advice and uplifting encouragements to a group of founders and entrepreneurs. Dave led a deep-dive masterclass on the topic of startup fundraising.
Senior Investment Associate Jun Ho Bae shared his thoughts on the application of AI in an enterprise setting during a panel discussion session hosted by Stripe, Plug and Play and Gunderson Dettmer.
KBS, one of Korea's largest broadcasting stations, produced a segment on Altara Ventures and KYAN Technologies, highlighting us as two of Singapore's innovation ecosystem benchmarks in a nationally broadcasted documentary.
General Partner Gavin Teo contributed an article on e27 highlighting the opportunities and strategies for Southeast Asian supply chain businesses to evolve and thrive in an era of global tariffs.
Trump 2.0 and the New Era of Trade: What it Means for Singapore and Southeast Asia
At Altara's Spring Get Together in April, our Chairman and General Partner Mr. Koh Boon Hwee delivered a timely and candid address on the geopolitical shifts underway with the return of President Trump to the White House. His session examined how American policy of pivoting away from global free-market trade challenges long-standing economic assumptions and places Singapore at a critical crossroads.
Mr. Koh highlighted elements of President Trump's ideological consistency and how China has prepared for long-term economic decoupling from the United States with a US$44 trillion domestic savings pool. Singapore, with its economy deeply rooted in open trade, continues to face the dynamics of realpolitik as we enter a Brave New World where economic agility and strategic clarity will define national resilience.
