About Orvel Ventures
Orvel Ventures is a venture capital firm founded in 2022. It is primarily based out of Singapore, Singapore. As of Apr 2026, Orvel Ventures is an active investor, having invested in 38 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Singapore based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and Consumer. Most recently it participated in the $***** Seed round of FORMAS.AI A lot of funds co-invest with Orvel Ventures, with names like Ascend Angels sharing a substantial percentage of its portfolio. Orvel Ventures has team of 8 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed & Series A
Orvel Ventures' List of Top Investments
Orvel Ventures has a portfolio of 38 companies. Their most notable investments are in BroilerX and Edge Tutors.Their portfolio spans across Singapore, Indonesia, Thailand and 6 more locations. They have invested in Enterprise Applications, Retail, Consumer and 23 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Orvel Ventures:
1. Styched
Internet-first brand offering multi-category fashion products for men and women. The product catalog includes casual wear, ethnic wear, sportswear, merchandise apparel, bottom wear, jackets, sweaters, and accessories like footwear, handbags, and more.
Key facts about Styched
2. Decube
Provider of a platform offering a suite of business intelligence solutions. It is a collaborative platform for data lineage, cataloging, data quality management, and more. It also provides solutions such as data discovery, data observability, governance, etc.
Key facts about Decube
- Founded Year: 2022
- Location: Kuala Lumpur (Malaysia)
- Stage: Seed
- Total Funding till date: $5M
- Employee Count: 44 as on May 31, 2026
- Investors: Hive Ventures, Iterative and 3 Others
- Latest Funding Round: Seed, Jan 28, 2026, $*****
- Highlight: Editors' Pick
3. Fonos
App-based platform offering multi-genre audiobooks. It offers audiobooks on fiction, non-fiction, classics, economics, startups, and more. Additionally, it provides book summaries, meditation steps, stories, news, offline reading option, and more. The app is available for Android and iOS devices.
Key facts about Fonos
- Founded Year: 2019
- Location: Ho Chi Minh City (Vietnam)
- Stage: Seed
- Total Funding till date: $2.9M
- Employee Count: 67 as on May 31, 2026
- Investors: North Base Media, iSeed and 5 Others
- Latest Funding Round: Seed, Nov 24, 2022, $*****
- Highlight: Editors' Pick
4. Baskit
Provider of cloud-based supply chain distribution solutions for wholesalers and distributors. The company offers a cloud-native platform that provides digital tools to wholesalers and distributors. It offers an ecosystem for offline distribution businesses. The app is available on the Android & iOS platforms.
Key facts about Baskit
- Founded Year: 2022
- Location: Jakarta (Indonesia)
- Stage: Series A
- Total Funding till date: $9.7M
- Employee Count: 70 as on May 31, 2026
- Investors: Investible, Cento Ventures and 15 Others
- Latest Funding Round: Series A, Apr 15, 2026, $*****
- Highlight: Editors' Pick
5. Nexl
Provider of an AI-powered growth platform for law firms. The platform offers tools for customer relationship management, email marketing, and event management. It provides workspaces designed to facilitate collaboration between marketing, business development, and legal teams. The platform aims to centralize data, automate tasks, and provide insights to improve business development efforts.
Key facts about Nexl
Orvel Ventures' Year-on-Year Investment Trends
Orvel Ventures has invested in 38 companies over the last 4 years, with an average of 5 new investments annually in the last 3 years. In 2025, it made 4 investments, while as of Apr 2026, it has made 2 investments in this year. Its most recent first time investment was in FORMAS.AI and most recent follow-on round was in Baskit.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 3 | 1 | 4 |
2024 | 5 | 1 | 6 |
2023 | 8 | 0 | 8 |
2022 | 1 | 0 | 1 |
Orvel Ventures' Investments by Stage
Orvel Ventures has made 14 investments in Seed stage with an average round size of $2.37M and 4 investments in Series A stage with an average round size of $5.24M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 4 |
Note: We have considered here, only first round of investments
Orvel Ventures' Investments by Sector
Orvel Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Business Services and Education. Notably, it has invested in 30 Tech companies, 21 Enterprise (B2B) companies, 18 Software companies and at least 13 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
Consumer | 3 |
FinTech | 3 |
Business Services | 2 |
Education | 2 |
Others | 24 |
Note: We have considered here, only first round of investments
Orvel Ventures' Investments by Geography
Orvel Ventures has made most investments in Singapore (7), followed by Indonesia where it has made 5 investments.Country | No. of Investments |
|---|---|
Singapore | 7 |
Indonesia | 5 |
Thailand | 2 |
Australia | 1 |
Bangladesh | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Orvel Ventures' recent investments
Orvel Ventures has made 2 investments in 2026 so far - FORMAS.AI and Baskit.Here are the most recent investments by Orvel Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 30, 2026 | Singapore | Seed | 2284 | [+2] | |
Apr 15, 2026 | Indonesia | Series A | 9282 | [+1] | |
Jun 11, 2025 | Singapore | Seed | 2322 | [+1] | |
May 06, 2025 | Indonesia | Series A | 1803 | ||
Apr 29, 2025 | Australia | Seed | 8823 |
Team profile of Orvel Ventures
Orvel Ventures has a team of 8 members including 5 Partners and 2 Venture Partners located in Singapore. Orvel Ventures' team sits on the board of 1 company.Here is a list of all team members in Orvel Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Partner | Singapore | - | - | |
Partner | - | - | - | |
Venture Partner | Singapore | - | - | |
Venture Partner | - | - | - |
Co-investors of Orvel Ventures
Over the past 4 years, 130 investors have co-invested in Orvel Ventures's portfolio companies. This includes funds and angels.
- Invested before Orvel Ventures: Hustle Fund, iSeed and 42 others have invested in rounds before Orvel Ventures. There is 1 company where Hustle Fund has invested before Orvel Ventures and 1 company where iSeed has invested before Orvel Ventures.
- Top Co-investors of Orvel Ventures: 63 investors entered a company along with Orvel Ventures. These include investors like Ascend Angels (5 companies).
- Invested after Orvel Ventures: A total of 23 investors have invested in Orvel Ventures's portfolio after their investments. Top Investors include Golden Equator Capital (1 company), Korea Investment Holdings (1 company) and Kaya Founders (1 company).
Recent News related to Orvel Ventures
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Singapore's FORMAS.AI Raises $3.98M Pre-Seed to Revolutionize AI-Powered Design in ConstructionBEAMSTART•Apr 29, 2026•Vertex Ventures, FORMAS.AI, UntroD, Orvel Ventures and 1 other
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Sunnova Files for Bankruptcy, Plans to Sell and Wind Down OperationsUtility Dive•Jun 11, 2025•Investbanq, Constructor Capital, Orvel Ventures
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AppWorks joins $7m series A for ID waste startup RekosistemTech in Asia•May 06, 2025•Rekosistem, Saratoga Investama Sedaya, K3, Skystar Capital and 3 others
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To Accelerate Healthcare Market And Ai In Southeast Asia, Thailand’s Hd Hd Raised $7.8 M Series A FundingIncubees•Mar 06, 2025•HD, Merck Sharp & Dohme, SBI Ven Capital, M Venture Investment and 8 others
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Philippine Edtech Firm Edge Tutor Raised $1 M Pre-a FundingIncubees•Mar 06, 2025•Edge Tutors, Orvel Ventures, Kaya Founders, MVP and 3 others
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EDGE Tutor receives $1 million in Pre-A round of financingJinglingshuju•Feb 27, 2025•Edge Tutors, Seaborne Capital, MVP, Kaya Founders and 3 others
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Online tutoring firm Edge Tutor secures $1m pre-series ATech in Asia•Feb 20, 2025•Edge Tutors, Seaborne Capital, MVP, Orvel Ventures and 4 others
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Clout Kitchen lands US$4.45M funding to expand its AI game companion ‘Backseat AI’e27•Oct 03, 2024•Clout Kitchen, Orvel Ventures, Founders Launchpad, Hustle Fund and 6 others
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D2C personal care product startup Evo Commerce bags U$2.1M to expand retail touchpointse27•Aug 07, 2024•EVO, IJK, Octave Well-Being Economy Fund, Orvel Ventures and 2 others
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Tiger New Energy's Battery Swapping Technology Receives US$3.5M PushWavemaker Partners•Jun 24, 2024•Wavemaker Partners, ADB Ventures, Tiger New Energy, Asian Development Bank and 5 others
