# Helicap Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/helicap-pte

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.helicap.com/
- Total disclosed funding: $14M
- Latest round: Series B (Aug 29, 2024)
- Investors on record: 7

## About

Based in Singapore, Helicap Pte. Ltd. specializes in private credit investments, offering innovative financial products that facilitate stable returns for investors while addressing societal needs through impactful initiatives.Founded in 2018 in Singapore, Helicap Pte. Ltd. focuses on providing private credit solutions. The company has completed a total of 8 deals, with its latest funding round being a Series B, raising USD 4.30 mn led by Kenanga Investors. The firm was co-founded by David Wang, Jeremy Tan, and Quentin Vanoekel, with Patrick Hong serving as CEO.Helicap Pte. Ltd. specializes in private credit investments, offering a diverse range of financial products designed to enhance investment portfolios through stable and recurring revenue streams. The company's core offerings include senior secured debt facilities and proprietary private credit funds, structured to meet the financing needs of businesses while generating positive long-term outcomes for investors. These investment vehicles target companies engaged in impactful initiatives such as financial inclusion, gender equality, health, and education, thus addressing critical societal needs while aiming for capital appreciation. Helicap’s products are primarily offered in select Asian markets, catering to institutional investors and high-net-worth individuals seeking alternative investment opportunities that deliver both financial returns and social impact.Helicap's revenue model is driven by transaction-based fees linked to its private credit offerings and investment management services. The firm engages in B2B partnerships with institutional clients, enabling them to access curated private credit opportunities. Typical transactions involve clients investing in Helicap's flagship credit funds, where the firm charges management fees and performance-based incentives as part of its compensation structure. The revenue for the most recent year, 2023, amounted to USD 2.76 mn, with an EBITDA of USD -1.16 mn.Helicap plans to innovate its product line by developing new private credit offerings tailored for emerging markets, set for release in late 2024. The company aims to expand its operations into Southeast Asian markets, specifically targeting Malaysia and Indonesia by mid-2025. Recent funding from the Series B round will be utilized to support these initiatives, enhancing the company’s capacity to deliver impactful lending solutions.

## Funding rounds

- Series B, Aug 29, 2024, $4.3M — Kenanga Investors, Saison Capital
- Series A, Apr 27, 2020, $4.7M — East Ventures, Access Ventures, Saison Capital, United Family Capital, Voveo Capital
- Seed, Sep 13, 2018, $5M — East Ventures, Soilbuild Group Holdings Ltd.

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- Soilbuild Group Holdings Ltd. — Seed
- Access Ventures — Series A
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Series A, Series B
- United Family Capital — Series A
- Voveo Capital — Series A
- Kenanga Investors — Series B