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About Accelerating Asia
Accelerating Asia, an accelerator and incubator program founded in 2018, is based in Singapore, Singapore. With a presence in 15 countries, it has supported around 67 startups in sectors like Consumer, Enterprise Applications. As of Apr 2026, Accelerating Asia has witnessed 3 portfolio exits. Most notable companies in
its portfolio include Drive lah, Sova Health and MedEasy. The program is backed by a team of 23 people who primarily support Seed startups based in Bangladesh. Its latest investment was a Undisclosed Seed round in Podium Society on Nov 25, 2025.
Key Metrics
Founded Year
2018
Location
Singapore, Singapore
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Accelerating Asia's List of Top Investments
Accelerating Asia has a portfolio of 67 companies. Their most notable investments are in Romoni and Fitscovery.Their portfolio spans across Bangladesh, Singapore, Indonesia and 12 more locations. They have invested in Consumer, Enterprise Applications, Retail and 24 other sectors, across stages such as Seed stage. Here is the list of top investments by Accelerating Asia:_1572408081727.png?format=webp&height=120&width=120){kind=logo}
1. Drive lah
Online P2P rental platform for cars. The platform enables car owners to list their cars for rental and connect with prospective renters. Users can further search, compare and book rental cars after providing relevant details.
Key facts about Drive lah
- Founded Year: 2018
- Location: Singapore (Singapore)
- Annual Revenue: 2.35M SGD as on Dec 31, 2021
- Stage: Series A
- Total Funding till date: $14.2M
- Employee Count: 33 as on Jul 01, 2024
- Investors: Plug and Play APAC, ComfortDelGro and 25 Others
- Latest Funding Round: Series A, Mar 24, 2026, $*****
2. Sova Health
Provider of a gut-health and personalised wellness supplements. It offers microbiome tests using genetic sequencing, coupled with expert consultations to address conditions related to digestive, skin, hair, immunity, metabolic, and hormonal health. It also provides supplements and programs focused on gut health, cleanse, and detox, as well as addressing specific concerns like acidity, bloating, constipation, weight loss, and sleep issues.
Key facts about Sova Health
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: 479K SGD as on Mar 31, 2024
- Stage: Seed
- Total Funding till date: $1.35M
- Employee Count: 59 as on Aug 31, 2025
- Investors: LetsVenture, Venture Catalysts and 12 Others
- Latest Funding Round: Seed, Jun 11, 2024, $*****
- Highlight: Editors' Pick
3. MedEasy
Online platform offering multiple healthcare services. The services provided by the company include doctor consultations, lab tests, and online orders of prescription and OTC medicines
Key facts about MedEasy
- Founded Year: 2020
- Location: Dhaka (Bangladesh)
- Stage: Seed
- Total Funding till date: $750K
- Employee Count: 16 as on Jul 01, 2024
- Investors: Seedstars International Ventures, Orbit Ventures and 7 Others
- Latest Funding Round: Seed, Nov 02, 2023, $*****
Provider of managed coliving spaces. The company offers a platform for users to search for and rent co-living spaces. Professionals and corporates can also manage and lease their co-living spaces through the platform.
Key facts about Casa Mia Coliving
- Founded Year: 2019
- Location: Singapore (Singapore)
- Stage: Acquired
- Total Funding till date: $2M
- Employee Count: 10 as on Jul 01, 2024
- Investors: Accelerating Asia, Phiflo Capital and 11 Others
- Latest Funding Round: Seed, Dec 15, 2022, $*****
- Highlight: Acquired
5. PulseTechWeb
Provider of digital solutions for pharmacies and individuals. The company is offering business management solutions for pharmacies which include MediPOS a comprehensive Point of Sales (POS) management software and Medbox B2B Medicine Supply Chain Solution. Also, it is offering Medicart a Hyper-Local model online pharmacy eCommerce where consumers can buy healthcare products and Health Care Super App for multiple healthcare services.
Key facts about PulseTechWeb
- Founded Year: 2021
- Location: Dhaka (Bangladesh)
- Stage: Seed
- Total Funding till date: $3.22M
- Employee Count: 10 as on Jul 01, 2024
- Investors: Ascend Vietnam Ventures, Iterative and 1 Other
- Latest Funding Round: Seed, Dec 03, 2025, $*****
- Highlight: Editors' Pick
Accelerating Asia's Year-on-Year Investment Trends
Accelerating Asia has invested in 67 companies over the last 7 years, with an average of 7 new investments annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in Podium Society and most recent follow-on round was in iFarmer.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 1 | 2 |
2024 | 3 | 0 | 3 |
2023 | 6 | 1 | 7 |
2022 | 12 | 1 | 13 |
2021 | 13 | 0 | 13 |
2020 | 8 | 1 | 9 |
2019 | 7 | 0 | 7 |
Accelerating Asia's Investments by Stage
Accelerating Asia has made 50 investments in Seed stage with an average round size of $628K.Accelerating Asia's Investments by Sector
Accelerating Asia has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Transportation and Logistics Tech and Gig Economy. Notably, it has invested in 60 Tech companies, 41 Enterprise (B2B) companies, 33 Consumer (B2C) companies and at least 25 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 25 |
Enterprise Applications | 17 |
Retail | 14 |
Transportation and Logistics Tech | 8 |
Gig Economy | 7 |
Others | 57 |
Note: We have considered here, only first round of investments
Accelerating Asia's Investments by Geography
Accelerating Asia has made most investments in Bangladesh (14), followed by Singapore where it has made 8 investments.Country | No. of Investments |
|---|---|
Bangladesh | 14 |
Singapore | 8 |
Indonesia | 5 |
India | 4 |
Malaysia | 4 |
Others | 14 |
Note: We have considered here, only first round of investments
Accelerating Asia's recent investments
Accelerating Asia has not made any investment in 2026 so far.Here are the most recent investments by Accelerating Asia:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 25, 2025 | - | Seed | 3141 | - | |
May 04, 2025 | Bangladesh | Seed | 6328 | - | |
Oct 04, 2024 | Bangladesh | Seed | 2870 | - | |
Jun 11, 2024 | India | Seed | 5172 | [+5] | |
Feb 19, 2024 | Bangladesh | Seed | 3970 | [+6] |
Acquired companies in Accelerating Asia's Portfolio
3 companies from Accelerating Asia's portfolio have been acquired. The most recent acquisition was Casa Mia Coliving in Nov 2025 by Cove for $*****.Here are Accelerating Asia's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 21, 2025 | Apr 13, 2021 | Seed | 1205 | |
Sep 06, 2023 | - | - | 8977 | |
Dec 27, 2021 | - | - | 6236 |
Team profile of Accelerating Asia
Accelerating Asia has a team of 23 members including 11 Partners, 5 Venture Partners and 2 Principals located in Singapore, United Kingdom and 4 more locations. Accelerating Asia's team sits on the board of 4 companies.Here is a list of top team members in Accelerating Asia:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Dubai | |||
Partner | Singapore | - | ||
Partner | Singapore | - | - | |
Partner | Singapore | - | - | |
Partner | India | - | - | |
Partner | Singapore | - | - | |
Partner | London | - | - | |
Partner | Singapore | - | - | |
Partner | Thailand | - | - | |
Partner | Singapore | - | - | |
Partner | Singapore | - | - |
Co-investors of Accelerating Asia
Over the past 7 years, 96 investors have co-invested in Accelerating Asia's portfolio companies. This includes funds and angels.
- Invested before Accelerating Asia: Orbit Ventures, K-Startup Grand Challenge and 28 others have invested in rounds before Accelerating Asia. There are 2 companies where Orbit Ventures has invested before Accelerating Asia and 2 companies where K-Startup Grand Challenge has invested before Accelerating Asia.
- Top Co-investors of Accelerating Asia: 35 investors entered a company along with Accelerating Asia. These include investors like Bangladesh Angels (2 companies).
- Invested after Accelerating Asia: A total of 31 investors have invested in Accelerating Asia's portfolio after their investments. Top Investors include Startup Bangladesh (4 companies) and Orbit Ventures (2 companies).
Recent News related to Accelerating Asia
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Accelerating Asia’s new cohort highlights pre-series A startupsStartupNews•Nov 28, 2024•Accelerating Asia
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Accelerating Asia invests in 85 Asian startups in six yearsTech in Asia•Nov 18, 2024•Accelerating Asia
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Pulse Tech secures $100,000 investment from Accelerating Asia VenturesThedailystar•Oct 04, 2024•PulseTech, Accelerating Asia
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SWAP raises $1.25m in seed fundingThe Business Standard•Sep 15, 2024•SWAP, Accelerating Asia, ZA Capital Advisory, Bangladesh Angels
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PriyoShop raises $5 million to digitalize distribution infrastructure for MSMEs in BangladeshThe Business Standard•Jun 22, 2024•PriyoShop Retail, Century Oak Ventures, Evolution Ventures, Iterative and 6 others
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Gut health startup Sova Health raises $1 Mn in seed roundIndiatimes•Jun 12, 2024•Sova Health, Antler, Accelerating Asia, Practical Venture Capital and 4 others
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Bangladesh’s PriyoShop secures $5m to digitalize more merchantsTech in Asia•Feb 20, 2024•PriyoShop Retail, Century Oak Ventures, , Iterative and 11 others
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Interactive Cares secures investment from Accelerating AsiaThe Business Standard•Feb 14, 2024•Accelerating Asia, Interactive Cares
