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Amand Ventures company logo
Venture Capital
amand.venture

Investments

13

About Amand Ventures

Amand Ventures is an investment holding company focusing on early stage startup investment in Indonesia.

Headquarters Location

2 Kallang Avenue, #07 – 12 CT Hub

339407,

Singapore

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Latest Amand Ventures News

Pi-xcels secures US$1.7M in funding to revolutionize retail transactions with e-receipt technology

Sep 7, 2023

SINGAPORE, Aug. 24, 2023 /PRNewswire/ -- Pi-xcels , an innovative leader in digital receipt solutions, has successfully completed its Seed funding round, raising US$1.7 million. The round was led by Wavemaker Partners, with participation from other prominent venture capital firms such as Hustle Fund, Amand Ventures, and Black Kite Capital, as well as strategic angel investors. The round marks a momentous step towards realising Pi-xcels' vision of revolutionising the retail landscape and empowering merchants with its interactive Near Field Communication (NFC) receipt technology. Additionally, it coincides with Pi-xcels' recognition as the recipient of the Tokyo Metropolitan Government Green Finance Subsidy Grant and acceptance into the prestigious Visa Accelerator program . "Pi-xcels is shaping the future of retail with paperless receipts and data-centric shopper journeys," said Pi-xcels CEO Daniel Lim. "We are among the few use cases of NFC beyond payments. Not only does our app-less technology enhance customer experiences, it also equips retailers with valuable data to better understand and cater to customers' preferences." Pi-xcels' NFC-enabled POS device enables the issuance of interactive e-receipts in stores through a contactless tap via a smartphone, eliminating paper waste and fostering eco-friendly practices. This can be done without the need for app downloads, QR code scans, or personal information sharing, enhancing the shopper experience. It also simplifies the compilation of e-receipts for official claims with a single sign-on, resulting in clutter-free wallets for end-users. Furthermore, the interactive receipt serves as a gateway to omni-channel marketing, enhancing pre- and post-sale experiences for shoppers and providing retailers with expanded marketing avenues. Simultaneously, Pi-xcels offers real-time, comprehensive transaction intelligence, providing valuable data-driven insights for retailers. "Pi-xcels makes it seamless for businesses and payment platforms to adopt digital receipts. Apart from making the process frictionless for consumers, the solution is already integrated with payment terminals, making it easy for merchants to adopt. The company's technology, fortified by patents, positions Pi-xcels as an industry leader. We foresee this technology setting a new standard for retail and inspiring businesses to embrace eco-friendly solutions, contributing to a more sustainable future," said Andy Hwang, General Partner at Wavemaker Partners." The fresh funds will fuel global business development initiatives, particularly expanding Pi-xcels' footprint in Europe and cementing key projects in Japan and Southeast Asia. The company has partnered with esteemed global brand names like payment terminal company Ingenico. Overall, it has witnessed a surge of interest from major corporations in the Asia-Pacific region as evidenced by non-disclosure agreements alluding to significant market demand. "We are focused on advancing our research and development capabilities and strengthening our engineering team with the newly raised capital," said Lim. "This will enable us to be consistent in our delivery of innovative solutions to customers and partners in key markets like Japan, Spain, Indonesia, and beyond." About Pi-xcels Pi-xcels is a Singapore-based technology company at the forefront of digital receipt solutions. Leveraging on their app-less NFC technology, Pi-xcels enables retailers to issue paperless receipts directly to smartphones, delivering enhanced customer experiences and data-driven insights. With strategic partnerships and soaring demand, Pi-xcels is reshaping the retail industry.

Amand Ventures Investments

13 Investments

Amand Ventures has made 13 investments. Their latest investment was in Pi-xcels as part of their Seed VC on August 8, 2023.

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Amand Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/23/2023

Seed VC

Pi-xcels

$1.7M

Yes

Black Kite Capital, Hustle Fund, Undisclosed Angel Investors, and Wavemaker Partners

5

9/30/2021

Seed VC - II

Friz

$1.5M

Yes

Funding Societies, Iterative, Undisclosed Angel Investors, Undisclosed Investors, and Y Combinator

4

9/7/2021

Seed VC

Pasarnow

$3.3M

Yes

9

8/31/2021

Series A - II

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$99M

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10

8/5/2021

Series A

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$99M

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10

Date

8/23/2023

9/30/2021

9/7/2021

8/31/2021

8/5/2021

Round

Seed VC

Seed VC - II

Seed VC

Series A - II

Series A

Company

Pi-xcels

Friz

Pasarnow

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Amount

$1.7M

$1.5M

$3.3M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Black Kite Capital, Hustle Fund, Undisclosed Angel Investors, and Wavemaker Partners

Funding Societies, Iterative, Undisclosed Angel Investors, Undisclosed Investors, and Y Combinator

Sources

5

4

9

10

10

Amand Ventures Team

1 Team Member

Amand Ventures has 1 team member, including current Managing Director, Triono J Dawis.

Name

Work History

Title

Status

Triono J Dawis

Managing Director

Current

Name

Triono J Dawis

Work History

Title

Managing Director

Status

Current

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