DiMuto founder and CEO Gary Loh
DiMuto, a global agrifood trade solutions company headquartered in Singapore, has closed its Series A funding round, securing US$5.9 million.
The Yield Lab Asia Pacific led this round. SiS Cloud Global Tech Fund 8, Gold Sceptre Limited, and Dave Chen participated.
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Existing investors such as SEEDS Capital, SGInnovate, and Great Giant Pineapple participated. These firms earlier invested US$2.35 million in DiMuto’s in 2021.
Gary Loh (CEO) founded DiMuto in 2019 to digitize the global food supply chain by integrating advanced technologies such as AI, blockchain, and IoT.
The startup offers marketplace, trade management, and trade financing to support every aspect of agrifood trading.
The trade management platform digitizes every carton of agrifood products for quality assurance and data visibility, while its traceable marketplace connects verified buyers and suppliers to enhance transparency and trust. The Financial Services business provides post-shipment trade financing to address critical financial needs and drive business growth of agrifood companies.
Since its inception, DiMuto claims to have tracked and traced millions of pieces of produce and millions of dollars of trade value on its platform, working with a global portfolio of clients in over ten countries and five continents.
Also Read: DiMuto raises US$2.3M in Series A funding round to scale up product development
DiMuto will use the funds to broaden its marketplace arm and venture into greenhouse-based agriculture and climate-adaptive varietal development. This move will enhance year-round supply resilience and scale the company’s private label SoLuna Fresh.
SoLuna Fresh has marketed traceable fresh produce from Latin America into Asian markets, mainly tropical and berry products.
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