About Stonewater Ventures
Stonewater Ventures is a venture capital firm founded in 2019. It is primarily based out of Kuala Lumpur, Malaysia. It primarily invests in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Consumer. Overall, Stonewater Ventures portfolio has seen 5 unicorns and 1 acquisition including key companies like Flutterwave, Tabby and Jeeves.Stonewater Ventures' List of Top Investments
Stonewater Ventures has a portfolio of 30 companies, including 5 unicorns. Their most notable investments include Flutterwave and Tabby.Their portfolio spans across United States, Nigeria, Singapore and 8 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 12 other sectors. Here is the list of top investments by Stonewater Ventures:
1. Flutterwave
Provider of payment solutions for online and physical business transactions. It offers tools for accepting payments, payouts, transfers, and creating online stores. The company provides application programming interfaces for developers to integrate payment functionalities. It also facilitates tuition payments and event ticket purchases.
Key facts about Flutterwave
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $489M
- Employee Count: 875 as on Aug 31, 2026
- Investors: Glynn Capital, Alrai Capital and 73 Others
- Latest Funding Round: Series E, Jul 07, 2026, $*****
- Highlight: Editors' Pick
2. Tabby
Provider of purchase financing solutions for businesses. The platform enables users to purchase from multiple online stores and allows to repay the amount in equal installments. It offers a credit card offering buy now pay later loans with installment-based repayment options. It allows users to split purchases into four interest-free payments, both online and in-store. The platform also offers shopping assistant that lets users discover and track products, brands and deals in the application.
Key facts about Tabby
- Founded Year: 2019
- Location: Riyadh (Saudi Arabia)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $837M
- Employee Count: 4,672 as on Aug 31, 2026
- Investors: Mubadala, Wellington and 29 Others
- Latest Funding Round: Series F, Sep 14, 2026, $*****
- Highlight: Editors' Pick
3. Republic
Online alternative fundraising platform to invest in startups, real estate, crypto, and video games. It provides a platform where individuals receive equity in return for their investments. Its features include investment-related services in the private markets, which include a retail investment platform, a blockchain advisory service, a private capital division, and more. It also provides fundraising tools, SEC filing, designs campaign pages, marketing, and more. For investors, it offers portfolio management tools to review financials, and valuation, and read reviews from other investors. It is available on the iOS platform.
Key facts about Republic
- Founded Year: 2009
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $216M
- Employee Count: 659 as on Sep 30, 2026
- Investors: State Street, Draper Esprit and 194 Others
- Latest Funding Round: Conventional Debt, Nov 28, 2025, $*****
- Highlight: Editors' Pick
4. Paga
Agent-based payment solutions for consumers and businesses. Provides money transfers, bill payments, online or offline purchases, mobile recharges, travel reservations, cash deposits, cash withdrawals, business capital support, and more.
Key facts about Paga
- Founded Year: 2009
- Location: Lagos (Nigeria)
- Stage: Series B
- Total Funding till date: $35M
- Employee Count: 2 as on Aug 31, 2026
- Investors: Capricorn, KD Capital and 18 Others
- Latest Funding Round: Series B, Sep 06, 2018, $*****
- Highlight: Editors' Pick
5. Jeeves
Digital company offering payment and corporate financial cards. It provides multi-currency payments, money transfers, cash withdrawals, personal credit lines, rental prices, and more. It also provides virtual cards for vendor payments & management with multi benefits including lounge access, vouchers, rewards, and more. It offers an expense management platform that allows users to track costs and spending.
Key facts about Jeeves
- Founded Year: 2019
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $490M
- Employee Count: 317 as on Aug 31, 2026
- Investors: GIC, AllianceBernstein and 79 Others
- Latest Funding Round: Series C, Sep 29, 2026, $*****
- Highlight: Editors' Pick
Unicorns in Stonewater Ventures' Portfolio
Stonewater Ventures has 5 unicorns in its portfolio - Tabby, Caribou, Jeeves and others. The most recent unicorn in their portfolio is Tabby. It became a unicorn in 2023, 3 years before Stonewater Ventures first invested in it.Here is a list of unicorns in Stonewater Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
83 | Provider of purchase financing solutions for businesses | 2019 | Riyadh | Series F | vzypkr{ | ||
58 | Online comparison platform for auto insurance | 2016 | Washington, DC | Series C | pimymyd | ||
73 | Digital company offering payment and corporate financial cards | 2019 | New York City | Series C | nlhticz | ||
67 | Online listing platform to buy or sell co-ownership homes | 2020 | Cincinnati | Series D | has{bmv | ||
83 | Provider of payment solutions for online and physical business transactions | 2016 | San Francisco | Series E | a{djkmn |
Acquired companies in Stonewater Ventures' Portfolio
1 company from Stonewater Ventures' portfolio has been acquired. The most recent acquisition was CareRev in Jan 2026 by IntelyCare for $*****.Here are Stonewater Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 08, 2026 | - | - | 4620 |
Recent News related to Stonewater Ventures
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Ex-RedDoorz COO’s cloud kitchen firm scores pre-series ATech in Asia•Nov 09, 2021•DishServe, Genting Group, Insignia Ventures Partners, Stonewater Ventures and 2 others
