Singapore, February 13th, 2025 — UntroD Capital Asia (fka Real Tech Holdings), a leading deep tech investor originated from Tokyo, supported CC Innovation Singapore Pte. Ltd. (Managing Director: Michiaki Kawa; hereinafter “CCIS”), a subsidiary of the Hokkoku Bank Groups’ first venture debt financing for Southeast Asia startups. CCIS has decided to provide debt financing to two Southeast Asian startups—VFlow Tech Pte. Ltd. (CEO: Avishek Kumar), a pioneer in long-duration energy storage (LDES) solutions, and Jala Tech Pte. Ltd. (CEO: Liris Maduningtyas), which aims to transform Indonesia’s shrimp farming sector into a more data-driven and sustainable industry.
Moving forward, CCIS plans to expand this initiative across the region, providing startups flexible and non-dilutive funding solutions that support continued innovation and growth.

CCIS’s first batch of venture debt financings in Southeast Asia involves two high-growth startups, both of which are portfolio companies of UntroD Capital Asia Pte. Ltd.

VFlowTech is a Singapore-based company developing cost-effective and highly efficient long duration energy storage solutions specializing in modular vanadium redox flow batteries (VRFBs). Leveraging proprietary hardware design and advanced additive formulations, VFlowTech’s VRFBs achieve 10% higher efficiency than competing long duration energy storage solutions with a 25-year expected lifespan. The technology is inherently non-flammable and remains stable over the long term without performance degradation. Through CCIS’s venture debt financing for working capital, VFlowTech will be able to accelerate its growth to deploy more battery projects faster.
https://vflowtech.com/

JALA Tech, based in Indonesia, provides the aquaculture industry with innovative, sustainable, and trusted supply chain solutions designed to transform shrimp farming into a more data-driven industry. Its ecosystem includes IoT-powered devices for real-time water quality monitoring, digital tools for streamlined farm management, and AI-driven analytics to optimize pond operations and increase productivity. With CCIS’s venture debt financing, JALA Tech plans to scale its operations, enhance technological capabilities, and help shrimp farmers improve yield and sustainability through innovative solutions.
https://jala.tech/

UntroD Inc (fka Real Tech Holdings) was established in 2015 to support deep tech startups with innovative technologies that address global societal challenges. Since then, we have been a leading investor providing hands-on support to early-stage startups. To date, we have managed Real Tech Fund 1-4 (domestic funds), Real Tech Global Fund 1-2 (global funds), and Real Tech Growth Fund 1 (domestic fund), with a total management amount exceeding ¥40 billion. In June 2024, we rebranded to “UntroD,” meaning “untrodden,” embodying our commitment to pioneering unexplored territories to prove their economic viability, thereby creating a sustainable system where capital and talent continue to flow.
HP：https://untrod.inc

UntroD Capital Asia Pte Ltd
PR; Shinya Narita
contact_global@untrod.inc