Logistics and supply chain are dominating the theme this year, but there is also an increasing appetite for foodtech and related industry
As August draws to an end, e27 noted down some of the most notable seed funding rounds announced during the month.
Raising a seed funding round is monumental for a startup, as it signified the trust that investor(s) had in their idea and concept. Apart from that, seed funding rounds can also help us predict the upcoming investment trend in the Southeast Asian startup ecosystem.
This month, logistics and supply chain continued to become a popular theme this year with investments into startups such as AllSome and Logisly. The F&B industry also remains popular with investments into Ai Palette, Abillionveg, and Hungry Hub.
The popularity of logistics and supply chain industries among investors is strongly related to the rapid growth of e-commerce growth in the Southeast Asian region. At the other hand, F&B has always been known as a promising industry to invest into, as the old saying goes: People will always need something to eat.
Also Read: Singapore-based IoT startup HOMI SmartHome nets US$1.3M seed funding
Ai Palette
Funding: US$1 million in Seed Funding
Investor(s): Decacorn Capital, SGInnovate, AgFunder, Entrepreneurs First, individual investors
Using AI and Predictinalytics around Natural Language Processing (NLP) and Image Recognition for food and beverage manufacturers, Ai Pallete aimed to help manufacturers craft and launch new products by spotting and analysing emerging consumer trends. It plans to use the funding to focus on growing customers across multiple markets by fast-tracking product development to enhance its platform capabilities to be able to scale.
Abillionveg
Funding: US$2 million in Seed Funding
Investor(s): 500 Startups, 1/0 Capital, Blue Horizon Group, Calibre Ventures, family offices across Asia and the US, John Wood
Abillionveg is a community-driven review platform for plant-based menu items, packaged foods, and cruelty-free consumer products. It plans to use the funding to accelerate efforts in recruitment, technology, and community growing.
StaffAny
Funding: US$722,000 is Seed Funding
Investor(s): FreakOut Holdings, Inc, angel investors
StaffAny is app-based solutions that connect HR and operations in order to manage hourly workers, which typically is found in the F&B and retail sectors. It plans to support its growth and expansion plans with the investment.
Logisly
Funding: Undisclosed Seed Funding
Investor(s): SeedPlus, Convergence Ventures, Genesia Ventures
Logisly builds a platform that provides shippers with verified trucks services, complete with real-time tracking and digital PODs. It also provides trucking companies with a facility to utilise idle or vacant trucks and receive quick payment. The startup plans to use the funding to accelerate Logisly’s growth in the high potential logistics market in Indonesia.
Also Read: Here are the most notable seed stage funding rounds announced in July
StakeWith.Us
Funding: US$595,000 in Seed Funding
Investor(s): SGInnovate, LuneX Ventures
StakeWith.Us offers digital asset owners a secure, performant and reliable service to secure new decentralised Proof of Stake networks. The startup wants to use the funding to scale its team across Asia and expand its offering.
REALly
Funding: US$361,000 in Seed Funding
Investor(s): Huntington Partners
REALly offers a hybrid of project management, real estate e-tendering, and an open procurement marketplace. The seed funding will be used to further enhance its platform as well as develop overseas markets, specifically Malaysia and Indonesia.
Zowedo
Funding: US$200,000 in Seed Funding
Investor(s): Paragon Capital Management Singapore (PCMS)
The Zowedo platform allows busy professionals and anyone looking for lifestyle or home services to locate and discover services that they might need. The investment will help Zowedo speed up product development and scale both customer and vendor acquisition.
Hungry Hub
Funding: US$450,000 in Seed Funding
Investor(s): Expara, 500 Startups
This is the first funding that Hungry Hub has received after a period of bootstrapping, claiming to be profitable for the last eight months. The company said that the funding will be used to speed up on the restaurant acquisition process to 1,000 restaurants in an 18 months goal.
AllSome
Funding: US$1.94 million in Seed Funding
Investor(s): East Ventures
AllSome Fulfillment was established last year by Ng Yi Ying and Liu Yi Shu, who first met in 2012 when Ng was pursuing her Master degree at Tsinghua University, China. With this fresh fund, AllSome Fulfillment eyes Indonesia for its first expansion in Southeast Asia.
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Image Credit: Austin Distel on Unsplash
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