Investments
8Portfolio Exits
1About Trans-Pacific Technology Fund
The Trans-Pacific Technology Fund is a technology-driven venture capital fund, investing in companies that are shaping the future of global business.
Trans-Pacific Technology Fund Headquarter Location
12F, No.149, Xinyi Rd Sec.3, Da-an District
Taipei,
Taiwan
+886 2 2325 8218
Latest Trans-Pacific Technology Fund News
Jun 9, 2021
INDONESIAN HEALTHCARE STARTUP PRIXA RAISES $3M LED BY MDI AND TPTF TECHCRUNCH.COM — Indonesian healthcare startup Prixa has raised $3 million led by MDI Ventures and the Trans-Pacific Technology Fund (TPTF), with participation from returning investors including Siloam Hospitals Group. This brings Prixa’s total raised to $4.5 million since it launched in 2019. Co-founder and chief executive officer James Roring M.D., told TechCrunch in an email that the new funding will enable Prixa to scale its platform and customer base. Prixa uses a B2B model, partnering with healthcare payers like insurance providers and corporations. Through its B2B customers, it currently serves about 10 million patients. Prixa currently works with four major insurers and has six additional insurers in its short-term pipeline. It also works with Indonesia’s largest third-party administrators, Roring said, allowing it to reach more policyholders. Prixa’s platform includes a digital health assistant to answer patients’ questions, telemedicine consultations, pharmacy deliveries and on-demand lab diagnostics. Usage increased during the COVID-19 pandemic as more patients sought online consultations for primary care. Other telehealth startups in Indonesia include Halodoc and Alodokter (which is also backed by MDI). Both connect patients directly with healthcare and insurance providers. Roring said Prixa differentiates by focusing on greater cost control for healthcare payers and positioning itself as a digital primary care platform. “By symptomatically managing patients outside of tertiary care facilities and caring for chronic non-communicable diseases online, Prixa is able to effectively reduce the amount of outpatient claims and downstream inpatient cost incurred by healthcare payers,” Roring said. “Additionally, the combination of a growing and robust medical database, as well as proven clinical guidelines, contribute to cost efficiency and service optimization through the standardization of treatment by our healthcare providers.” In a press statement about the funding, Aditia Henri Narendra, MDI Ventures’ general manager of legal and corporate communication, said, “MDI co-led this financing because Prixa has demonstrated its ability to support insurance companies and hospitals in making medical services more accessible and affordable through its AI telemedicine platform.” Source :
Trans-Pacific Technology Fund Investments
8 Investments
Trans-Pacific Technology Fund has made 8 investments. Their latest investment was in Rey Electronic Systems as part of their Seed VC on September 9, 2021.
Trans-Pacific Technology Fund Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/13/2021 | Seed VC | Rey Electronic Systems | $1M | Yes | 4 | |
6/4/2021 | Seed VC | |||||
11/25/2020 | Series B | |||||
9/17/2020 | Series C | |||||
5/20/2019 | Series B - II |
Date | 9/13/2021 | 6/4/2021 | 11/25/2020 | 9/17/2020 | 5/20/2019 |
---|---|---|---|---|---|
Round | Seed VC | Seed VC | Series B | Series C | Series B - II |
Company | Rey Electronic Systems | ||||
Amount | $1M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 4 |
Trans-Pacific Technology Fund Portfolio Exits
1 Portfolio Exit
Trans-Pacific Technology Fund has 1 portfolio exit. Their latest portfolio exit was Finch Therapeutics on March 19, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
3/19/2021 | IPO | 3 |
Date | 3/19/2021 |
---|---|
Exit | IPO |
Companies | |
Valuation | |
Acquirer | |
Sources | 3 |
Trans-Pacific Technology Fund Team
1 Team Member
Trans-Pacific Technology Fund has 1 team member, including current Managing Partner, Glenn Kline.
Name | Work History | Title | Status |
---|---|---|---|
Glenn Kline | Managing Partner | Current |
Name | Glenn Kline |
---|---|
Work History | |
Title | Managing Partner |
Status | Current |
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