# RHL Ventures

> RHL Ventures is a VC fund in Kuala Lumpur backing E-Commerce and Health Care. See 20 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Kuala Lumpur, Malaysia
- Total investments: 20
- Last investment: Oct 2024
- Lead investor: 40%
- Fund size: $24M
- Last fund: Apr 2019
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/rhl-ventures/
- Website: https://rhl.ventures/
- Facebook: https://www.facebook.com/RHLVentures

RHL Ventures is a private investment firm founded to champion long term growth and support businesses in ASEAN countries.

## Contacts

5 contacts available for RHL Ventures. Shizune tracks 4 team members at RHL Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/rhl-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $737k–$13M |
| Series A | $1M–$25M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 3 | 15% |
| Health Care | 3 | 15% |
| Financial Services | 3 | 15% |
| Apps | 2 | 10% |
| FinTech | 2 | 10% |

62 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 8 | 40% |
| Series A | 3 | 15% |
| Funding Round | 3 | 15% |
| Private Equity | 2 | 10% |
| Pre-Seed | 1 | 5% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Malaysia | 6 | 30% |
| Singapore | 5 | 25% |
| Indonesia | 2 | 10% |
| United States | 2 | 10% |
| China | 1 | 5% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Jo Jo Kong | General Partner | 0 | https://shizune.co/investors/profile/jo-jo-kong |
| Lisa Lau | Tech Partner | 0 | https://shizune.co/investors/profile/lisa-lau |
| Rachel Lau | Managing Partner | 1 | https://shizune.co/investors/profile/rachel-lau |
| Raja Nong Chik | General Partner and Managing Partner | 3 | https://shizune.co/investors/profile/raja-hamzah-abidin |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ouch | Ouch specializes in insurance services in Kuala Lumpur, Malaysia. | $1.2M | Venture - Series Unknown | Oct 07, 2024 |  |
| Yisheng | Yisheng is a digital service platform for door-to-door car washing. | $13M | Seed | Mar 28, 2023 |  |
| RPG Commerce | RPG was established in 2017 to build the next generation of global consumer brands by disrupting the retail industry. | $29M | Series B | Jun 22, 2022 |  |
| Funding Societies | Funding Societies operates an online platform that connects individual and institutional investors with SMEs seeking loans. The platform allows SMEs to access financing quickly and efficiently, often bypassing traditional banks. The company has operations in multiple Southeast Asian countries, including Singapore, Malaysia, Indonesia, and Thailand. | $144M | Series C | Feb 15, 2022 |  |
| Pandai | Pandai is an education app that offers a personalized learning experience through curriculum-based daily quizzes, tests, exams, and videos to help students get better grades. | $2M | Pre-Seed | Jan 05, 2022 |  |
| Pandai | Pandai is an education app that offers a personalized learning experience through curriculum-based daily quizzes, tests, exams, and videos to help students get better grades. | $1.6M | Seed | Jan 05, 2022 |  |
| Glife Technologies | Glife Technologies is a seed to table startup, distributing fresh fruits, vegetables, plant based products to the HORECA industry. Today, it supplies more than 700 customers in the Singapore market and have expanding operations in other Southeast Asian markets. | $8.1M | Series A | Nov 16, 2021 |  |
| Fefifo | Fefifo is pioneering digitalised, standardised farming in ready-to-farm modern farmspaces called Co-farms. Smallholder farmers can start their commercial farms in our ready-built Co-farms with managed farm services. They grow pre-curated short cycle cash crops with digital crop models and growing protocols to standardise and automate theirseed-to-sale workflows, and they sell to reliable, profitable contract buyers. | $736.7K | Seed | Oct 12, 2021 |  |
| Propzy | Propzy is a full-stack real estate platform that originates and facilitates property sale and leasing transactions in Vietnam. By combining a real estate marketplace on the front end with logistics, documentation, and transaction services on the backend, Propzy has created a strong value proposition for consumers and has established a clearcompetitive advantage in Vietnam.Vietnam has a total population of 92m with a very high mobile penetration rate of 147%. By 2017 all 4 major mobile operators had been issued 4G licenses, providing the platform for strong increases in Internet and smartphone penetration. Strong listing growth in 2017 is expected to significantly drive revenue growth due to the transaction focused business model. In Q1 2017, Propzy facilitated a total of $190mm in property transactions with an average share of the total commission of 0.40% and is currently on track for $300mm for Q2 (150% QoQ growth). In 2015 there were a total of 357k property sale transactions in Vietnam, with potential agency commissions for the whole Vietnamese market as high as US$1bn.The CEO and founder of Propzy, John Le, is a highly successful entrepreneur having founded and sold several technology businesses in North America. In 1999, he founded one of the Internet’s first mortgage trading platforms (LoanTrader) and attracted top tier investors including Goldman Sachs, Citigroup and Koch Industries. John Le has been awarded the Ernst & Young Entrepreneur of the Year (Orange County) and Deloitte’s Fast50 winner. In 2009 John Le returned to Vietnam to found Vietnam’s first international credit bureau along with operating and financial partner TransUnion. | $25M | Series A | Jun 05, 2020 |  |
| Naluri Life | Naluri provides behaviour science, psychology, digital health, data science, wellness, diet, exercise, fitness, digital behaviour change, multidisciplinary care, cancer, diabetes, heart disease, anxiety, depression, chronic stress, and pain | $1.1M | Seed | Apr 24, 2020 |  |

10 of 20 investments shown.

## Co-investors
- [Global Founders Capital](https://shizune.co/investors/profile/global-founders-capital) — VC Fund, 3 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 2 deals together
- [Falnas Capital](https://shizune.co/investors/profile/falnas-capital) — VC Fund, 2 deals together
- [Golden Gate Ventures](https://shizune.co/investors/profile/golden-gate-ventures) — VC Fund, 2 deals together
- [Harvard Management Company](https://shizune.co/investors/profile/harvard-management-company) — VC Fund, 2 deals together
- [KB Investment](https://shizune.co/investors/profile/kbinvest) — VC Fund, 2 deals together

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## FAQ

### What does RHL Ventures invest in?

RHL Ventures invests primarily in E-Commerce, Health Care and Financial Services startups, most often at Seed and Series A stage. Most of the 20 investments tracked by Shizune back companies in Malaysia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is RHL Ventures's check size?

RHL Ventures typically joins rounds of $737k–$13M at Seed and $1M–$25M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds RHL Ventures participates in.

### How do I contact RHL Ventures?

Public channels for RHL Ventures include LinkedIn, the website linked on this profile and Facebook. 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 RHL Ventures?

The team at RHL Ventures includes Jo Jo Kong (General Partner), Lisa Lau (Tech Partner) and Rachel Lau (Managing Partner). 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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