Personal care and home wellness company Stryv has raised US$11.5 million in Series B funding to support its expansion across Asia, with plans to enter Taiwan and strengthen its presence in Malaysia and Hong Kong. The round was led by ACV Capital, with participation from Openspace Capital, OCTAVE Capital and other investors.
The investment follows Stryv’s acquisition of Singapore-based Sterra in March 2026, which extended its business into home appliances. Alongside its regional expansion, Stryv plans to increase investment in research and development and pursue further acquisitions in complementary product categories and markets across Asia Pacific.
Sterra acquisition expands Stryv’s product portfolio
According to Stryv, Sterra has a presence in 200,000 households, providing an established base in home appliances as the company broadens its product range. Stryv’s portfolio now spans hair care, men’s grooming, oral care, air and water purification, and home comfort products.
In September 2026, the company introduced the Stryv Oasis massage chair and Stryv Halo air purifier, adding to its existing personal care devices such as hair dryers and styling tools. The final stages of Sterra’s integration into Stryv are expected to be completed in the coming months.
Funding to support regional expansion and product development
Taiwan is the next market identified for entry, while Malaysia and Hong Kong remain priorities for expanding Stryv’s existing business. The company intends to use its latest funding to support these regional plans alongside further product development.
Research and development will be another area of investment, with Stryv planning to introduce additional products across its personal care and home wellness portfolio. Further acquisitions are also planned as the company seeks to enter complementary product categories and additional markets across Asia Pacific.
Investors back expansion into home wellness
ACV Capital, which led the Series B round, is a private equity investment firm headquartered in Indonesia, with a focus on growing businesses across Southeast Asia. The firm reports managing more than US$500 million across five funds and having invested in over 100 companies in the region during the past eight years. Helen Wong, Managing Partner at ACV Capital, outlined the firm’s assessment of Stryv’s growth opportunities.
“Stryv’s ability to deliver well-designed, high-quality products that offer value for money is a compelling proposition for consumers across Asia. As demand for personal care and home wellness products continues to grow, we see significant opportunities for Stryv to meet evolving consumer needs, particularly in areas such as clean air and water. We look forward to supporting the team as they expand the business into new markets,” she said.
Fellow investor Openspace Capital is a Singapore-based asset manager established in 2014 that invests in technology businesses across several stages and strategies, including early-stage venture capital, growth equity, credit and listed equities. The firm reports more than S$1 billion in committed capital across its funds, with a regional presence in Singapore, Indonesia, Thailand, the Philippines, Vietnam and Malaysia.
Also based in Singapore, OCTAVE Capital is regulated by the Monetary Authority of Singapore as a Capital Markets Services-licensed fund manager. Its investment activities cover venture capital and growth equity, focusing on businesses addressing areas such as healthcare demand, resource efficiency, cleaner energy and resilient infrastructure.
