# MAS Holdings

> MAS Holdings is a VC fund in Colombo backing Manufacturing and Textiles. See 7 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Colombo, Sri Lanka
- Total investments: 7
- Last investment: Jul 2026
- Lead investor: 43%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/18236
- X (Twitter): https://www.twitter.com/masholdings
- Website: http://www.masholdings.com
- Facebook: https://www.facebook.com/masholdingssl

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.

## Contacts

5 contacts available for MAS Holdings. Shizune tracks 3 team members at MAS Holdings. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/mas-holdings?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3.5M–$3.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 4 | 57% |
| Textiles | 3 | 43% |
| Fashion | 2 | 29% |
| Fitness | 2 | 29% |
| Wearables | 2 | 29% |

23 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 43% |
| Series C | 2 | 29% |
| Series A | 1 | 14% |
| Funding Round | 1 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 43% |
| Canada | 1 | 14% |
| France | 1 | 14% |
| Austria | 1 | 14% |
| Switzerland | 1 | 14% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ishara Abeykoon | Research Engineer | 0 | https://shizune.co/investors/profile/ishara-abeykoon |
| Jehan Mutaliph | Chief Digital Officer | 0 | https://shizune.co/investors/profile/jehan-mutaliph |
| Nagesh Rao | Engineering, Corporate Ventures, & IP-Law Advisor | 0 | https://shizune.co/investors/profile/nagesh-rao-2 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Syntetica | 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 Materials | 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 | HeiQ AeoniQ is a cellulosic endless filament yarn, innovatively manufactured with a very low environmental footprint. |  | Seed | Jul 06, 2023 |  |
| EBY | 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 |  |
| FitMyFoot | 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 |  |
| Athos | 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 |  |
| Athos | 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. |  | Series C |  |  |

7 of 7 investments shown.

## Co-investors
- [DCM Ventures](https://shizune.co/investors/profile/dcm) — VC Fund, 2 deals together
- [EQT Ventures](https://shizune.co/investors/profile/eqtventures) — VC Fund, 2 deals together
- [Felix Capital](https://shizune.co/investors/profile/felix-capital) — VC Fund, 2 deals together
- [Kleiner Perkins](https://shizune.co/investors/profile/kleiner-perkins-caufield-byers) — VC Fund, 2 deals together
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund, 2 deals together
- [Social Capital](https://shizune.co/investors/profile/social-capital) — VC Fund, 2 deals together

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## FAQ

### What does MAS Holdings invest in?

MAS Holdings invests primarily in Manufacturing, Textiles and Fashion startups, most often at Seed and Series C stage. Most of the 7 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is MAS Holdings's check size?

MAS Holdings typically joins rounds of $3.5M–$3.5M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds MAS Holdings participates 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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