# Ardent Capital: portfolio, investments and team

> Ardent Capital is a vc firm based in Thailand. 19 investments on record, latest Oct 2015. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ardent-capital (Millionrounds; every figure on the page links to its filing or article)

Thailand · [Investor](https://millionrounds.com/investors)

# Ardent Capital

Last cheque observed Oct 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Pre-seed Seed Series A Logistics Supply-chain Smbs

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 19 on record

Since the last cheque **4024** days **00** hrs **00** min **00** sec

Median round **$1.2M** Rounds led **0 of 19** Sole investor **7 rounds** Mostly in **Thailand, 44%**

Pitch Ardent Capital

## Ardent Capital highlights

- 01 19 rounds on record
- 02 Mostly Seed and Series A: 89% of its rounds
- 03 Sole investor in 7 rounds, median $600K

## What they do

> Ardent Labs companies (including aCommerce, Bizzy and Orami) remain under Ardent. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Logistics Supply-chain Smbs
- **Based in:** Bangkok, Thailand
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **19 appearances**

- **2015** 10 rounds
- **Oct** **[Hubba](https://millionrounds.com/company/hubba)** Seed · TH **$350K** With 3 others
- **Sept** **[HappyFresh](https://millionrounds.com/company/happyfresh)** Series A · ID **$12M** With 6 others
- **Sept** **[Floship](https://millionrounds.com/company/floship)** Seed · HK **$1.2M** With 3 others
- **Jul** **[Bizzy Indonesia](https://millionrounds.com/company/bizzy-indonesia)** Seed · ID **$2.5M** Sole investor
- **Jun** **[coworking spaces](https://millionrounds.com/company/coworking-spaces)** Series A · SG **$1.5M** With 2 others
- **May** **[aCommerce](https://millionrounds.com/company/acommerce)** Venture · TH **$5.0M** With 2 others
- **Mar** **[HappyFresh](https://millionrounds.com/company/happyfresh)** Seed · ID **Undisclosed** With 1 other
- **Mar** **[Snapcart](https://millionrounds.com/company/snapcart)** Seed · ID **Undisclosed** With 1 other
- **Feb** **[Shopline](https://millionrounds.com/company/shopline)** Seed · HK **$1.2M** With 4 others
- **Feb** **[Deliveree](https://millionrounds.com/company/deliveree)** Seed **Undisclosed** With 1 other
- **2014** 5 rounds
- **Dec** **[Spaceship](https://millionrounds.com/company/spaceship)** Seed **Undisclosed** Sole investor
- **Aug** **[Lolalo.la](https://millionrounds.com/company/lolalo-la)** Seed **Undisclosed** Sole investor
- **Jun** **[aCommerce](https://millionrounds.com/company/acommerce)** Series A · TH **$11M** With 7 others
- **Mar** **[PicoCandy](https://millionrounds.com/company/picocandy)** Seed · SG **Undisclosed** Sole investor
- **Feb** **[Playbasis](https://millionrounds.com/company/playbasis)** Seed · TH **$770K** With 3 others
- **2013** 4 rounds
- **Mar** **[Syndacast](https://millionrounds.com/company/syndacast)** Seed · TH **Undisclosed** Sole investor
- **Mar** **[Playbasis](https://millionrounds.com/company/playbasis)** Seed · TH **$150K** Sole investor
- **Feb** **[e27](https://millionrounds.com/company/e27)** Venture · SG · techcrunch.com **$615K** With 5 others
- **Jan** **[WhatsNew Asia](https://millionrounds.com/company/whatsnew-asia)** Seed · TH **$600K** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Pre-seed Seed Series A

Median round joined **$1.2M** the round, not its cheque Alone, median **$600K**

Led 0 of 19 rounds **0%**

- **Sole investor:** 7 rounds
- **Last cheque:** Oct 2015

Rounds by stage said on their site

- Seed said *14*
- Series A said *3*
- Venture *2*
- Pre-seed said *-*
- Series B said *-*

Cheques by year Led Joined

2013 2015

Often in the room with

- [500 Global](https://millionrounds.com/fund/500-startups) 5
- [Inspire Ventures](https://millionrounds.com/fund/inspire-ventures) 3
- [Cherry Ventures](https://millionrounds.com/fund/cherry-ventures) 2
- [Golden Gate Ventures](https://millionrounds.com/fund/golden-gate-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Ardent Capital. A count of rooms they were both in, not a relationship either has claimed.

[**500 Global** Angel **5** rounds together](https://millionrounds.com/fund/500-startups)[**Inspire Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/inspire-ventures)[**Cherry Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/cherry-ventures)[**Golden Gate Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/golden-gate-ventures)

## Quick answers about Ardent Capital

### What does Ardent Capital invest in?

Ardent Capital invests most often at Seed and Series A (89% of the rounds on record), in sectors such as Logistics, Supply-chain and Smbs.

### How active is Ardent Capital?

19 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2015.

### How big are Ardent Capital's cheques?

The median round it joins is $1.2M.

### Does Ardent Capital lead rounds?

Rarely, if at all: none of its 19 investments on record names it as the lead.

### Where does Ardent Capital invest?

Most of the companies it backs are in Thailand (44%), Indonesia (25%) and Singapore (19%).

### Is Ardent Capital investing now?

No investments in the last 12 months; the latest was in Oct 2015.

### Who does Ardent Capital invest alongside?

Most often 500 Global (5 rounds together), Inspire Ventures (3 rounds together) and Cherry Ventures (2 rounds together).

### What kind of investor is Ardent Capital?

Ardent Capital is a VC firm based in Bangkok, Thailand.

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