FTV Labs, a Singapore-based field service management startup, has secured US$1.5 million in a seed funding round led by Origgin Capital and Mitsubishi Electrics ME Innovation Fund.
GHV Accelerator and Plug and Play Indonesia also participated.
This fresh capital injection will enable the company to accelerate its product roadmap and fuel growth in key verticals, such as construction, manufacturing, marine offshore and renewable energy across the Southeast Asian region.
Founded by CEO Kelvin Ong, FTV Labs owns and operates the field service management solution KEGMIL. It helps accelerate the modernisation of legacy industries with labour-intensive field services, primarily in Southeast Asia.
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Digital transformation remains a key challenge for companies that operate in labour-intensive sectors, such as construction, logistics and manufacturing. Workers on the ground still manage records manually, with paper accounting for many of these work records.
The KEGMIL software solves these issues by digitising and automating inefficient spreadsheet and paper-based workflows, enabling field service companies to enact timely data-driven insights.
Origgin Capital is the VC arm of Origgin Ventures, a deep-tech venture creator. Origgin focuses on investing and commercialising defensible patents from universities and research institutes. The venture co-creation approach provides the initial capital and hands-on support to create deep-tech startups, guide them to initial success and create value for our stakeholders.
Since 2017, Origgin has spun off more than 30 deeptech startups from partner universities, such as NUS, NTU, Harvard and ETHzurich.
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