top of page

Crusade Partners - Quarterly Updates (Q2 2023)

Updated: Aug 14, 2023

In this past year, we have successfully backed 11 companies across 7 different markets, and we are thrilled to announce our latest investment in iStore iSend.


VC x Venture Debt:

We joined with Xendit to cohost a XenTalks to discuss about venture debt in SoutheastAsia. Big thanks to Jesslyn Gunawan for organising it and the amazing panelists: Eddy Ng from Genesis Alternative Ventures, Nicko Widjaja from BRI Ventures, Darryl Ratulangi from OCBC NISP Ventura and our moderator: Alwyn Rusli from Trihill Capital for providing insightful information about how to leverage on alternative funding to minimize equity dilution.


News around the Region:

  • HSBC New Economy Fund signs inaugural venture debt commitment. The bank has provided funding to a Hong Kong-based insurtech firm, OneDegree.

  • China-headquartered Group has partnered with Singapore-based dining platform Chope, enabling Southeast Asia-bound travelers to make reservations in over 3,000 restaurants across Singapore, Bangkok, Phuket, Jakarta, and Bali.

  • Evermos, an Indonesia social commerce platform focused on halal products, has closed a $40 million fresh funding round led by World Bank member International Finance Corp. (IFC), an Evermos executive said.

  • Indonesian electric vehicle maker called Maka Motors said it has raised a $37.6 million seed round, one of Southeast Asia’s biggest seed fundings. Maka Motors begins EV pilot on Indonesia’s streets.


Interesting Reads:


bottom of page