MAS Holdings
VC Fund
Colombo, Sri Lanka
MAS Holdings is a global apparel solutions provider that invests in disruptive businesses within the apparel ecosystem. Focusing on fashion and lifestyle, MAS Holdings is one of Asia’s largest manufacturers of intimate apparel, sportswear, performance wear and swimwear, and provides IT solutions to the apparel and footwear industry worldwide.Itis also an investment firm that invests in early-stage start-ups across lifestyle products and disruptive apparel.
- Total investments:
- 10
- Last investment:
- Lead investor:
- 30%
Last updated:
For AI agents: llms.txt
Industries MAS Holdings invests in
Stages MAS Holdings invests in
Countries MAS Holdings invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $700k–$3.5M
- Series C
- $35M–$35M
Investment Focus
Industry
- Health Care 4 (40%)
- Manufacturing 4 (40%)
- Textiles 3 (30%)
- Fashion 2 (20%)
- Fitness 2 (20%)
Stage
- Seed 5 (50%)
- Series C 2 (20%)
- Series A 1 (10%)
- Series B 1 (10%)
- Funding Round 1 (10%)
Country
- United States 4 (40%)
- Canada 2 (20%)
- France 1 (10%)
- Austria 1 (10%)
- Sri Lanka 1 (10%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Ishara Abeykoon
Research Engineer
|
Research Engineer | Total investments: 0 | Find email | |
Jehan Mutaliph
Chief Digital Officer
|
Chief Digital Officer | Total investments: 0 | Find email | |
Nagesh Rao
Engineering, Corporate Ventures, & IP-Law Advisor
|
Engineering, Corporate Ventures, & IP-Law Advisor | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Syntetica is a materials technology and climate technology company that develops chemical recycling technology for synthetic textiles. It uses proprietary green chemistry to convert nylon textile waste into virgin-quality recycled polymers, enabling circular production for the textile, automotive, and industrial materials industries. Its mission isto decarbonize synthetic materials by making high-quality recycled feedstocks commercially viable.The company's proprietary chemical depolymerization process separates and recovers Nylon 6 and Nylon 6,6 from blended textile waste that would otherwise be difficult to recycle. The process operates under low-temperature, low-pressure conditions, removes dyes and finishes, and produces recycled raw materials that can be reintroduced into manufacturing without compromising quality. Syntetica's technology supports textile-to-textile recycling and is designed to reduce carbon emissions, landfill waste, and reliance on virgin fossil-based materials. | $30M / Series A / Jul 16, 2026 | ||
| HeiQ provides textile innovation, customized manufacturing and consumer branding. The company was founded in 2005 as a spin-off company of the Swiss Federal Institute of Technology. HeiQ was bestowed with the prestigious Swiss Technology Award. | Jul 06, 2023 | ||
| HeiQ AeoniQ is a cellulosic endless filament yarn, innovatively manufactured with a very low environmental footprint. | Seed / Jul 06, 2023 | ||
| EBY is a membership-based company driving profits with purpose. EBY repositions underwear as a tool for empowerment rather than one of seduction. In fact, 10% of net sales go to the Seven Bar Foundation to empower women out of poverty and into business via microfinance with a small loan, what we call a first break, that can be as little as $80or as large as $7,000. This loan enables an underprivileged woman to start or grow her business. As she becomes self-sufficient the cycle of poverty is broken. Loans are repaid and passed to another woman, creating a multiplier effect. EBY consistently fuels this loop so that it never ends, creating more first breaks and more bionic women. We’re not about token donations, but rather long-term solutions. | $3.5M / Seed / Jul 09, 2018 | ||
| We are building Emerging Asia's Health & Insurance Super App - a consumer-centric digital ecosystem that coordinates and integrates every aspect of a user’s healthcare journey from doctors consultations to health insurance management whilst bridging the online to offline divide.oDoc is the largest digital health company in Sri Lanka,serving over 200,000 users and 70+ corporates. We enable patients to get medical advice, medicines and lab tests from the comfort & safety of their own homes. We have grown revenues by 10X since 2020, and as of mid-2021, we have onboarded over 1,000 doctors across 60 specialisations. In response to COVID-19, oDoc launched the Sri Lanka National Telemedicine platform on behalf of the Ministry of Health in Sri Lanka. oDoc is Sri Lanka’s only Techstars and Stanford StartX backed company. | $700K / Seed / Sep 22, 2017 | ||
| Omsignal manufactures bio-sensing clothing that connects to iPhones and iPads in real-time. Embedded sensors in the apparel monitor heart rate, breathing, and activity while the Omsignal app displays data in real-time on a mobile phone. OMsignal fits seamlessly into everyday life. It was founded in 2011 and is headquartered in Montréal, Canada. | $9.8M / Series B / Sep 19, 2016 | ||
| Wiivv (pronounced weave) is a technology company transforming footwear, apparel, and wearables for every human body, so that you can move and live your best. Wiivv Insoles and Sandals are created uniquely for you, based on measurements taken from the award-winning Wiivv app. All Wiivv products are designed to enhance and support your uniqueanatomy. The stack combines advanced capture technology, biomechanics research, CV, AI, ML, and a proprietary customization platform deigned to output on-demand digitally manufactured and 3DP products. Wiivv also partners with brands and creators to scale the rapid customization of their product categories powered by Wiivv Fit Technology. | $3.5M / Seed / Dec 03, 2015 | ||
| The Athos mission is to help athletes train more effectively and reach their performance goals faster. Athos does this by bringing together the most relevant data and exercise science to deliver simple, actionable insights that allow coaches and athletes to get the most out of their training. | $35M / Series C / Nov 18, 2015 | ||
| The Athos mission is to help athletes train more effectively and reach their performance goals faster. Athos does this by bringing together the most relevant data and exercise science to deliver simple, actionable insights that allow coaches and athletes to get the most out of their training. | $35M / Series C / Nov 18, 2015 | ||
| Rithmio's motion recognition software, Constellation, is used to create the next generation of wearables and connected clothing. Rithmio has strategic partnerships with leading semiconductor companies and consumer electronics manufacturers that embed Constellation at the System on Chip or reference design level. It was founded in 2014 andheadquartered in Chicago, Illinois. | $3M / Seed / Jun 30, 2015 |
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FAQ
What does MAS Holdings invest in?
MAS Holdings invests primarily in Health Care, Manufacturing and Textiles startups, most often at Seed and Series C stage. Most of the 10 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does MAS Holdings invest in?
MAS Holdings typically joins rounds of $700k–$3.5M at Seed and $35M–$35M at Series C. These are whole funding-round sizes, not MAS Holdings's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds MAS Holdings took part in.
How do I contact MAS Holdings?
Public channels for MAS Holdings include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at MAS Holdings?
The team at MAS Holdings includes Ishara Abeykoon (Research Engineer), Jehan Mutaliph (Chief Digital Officer) and Nagesh Rao (Engineering, Corporate Ventures, & IP-Law Advisor). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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