Shoppable Business, a Filipino AI-powered supply chain platform, has secured US$1.16 million in seed funding led by Ignite House of Innovation.
Tenco Capital, Indelible Ventures, ApolloTech Ventures, Manila Angel Investors Network, Seaborne Capital Partners, Select Ventures Holding, and strategic angel investors also participated.
With the new capital, Shoppable intends to develop Quotable, its AI-driven middleware platform. This platform allows businesses to automate critical supply chain processes and improve decision-making through data-driven insights and reporting.
Shoppable will also expand its customer base, enhance its marketplace technology, develop a lending dashboard for lender partners to finance buyers and suppliers, and roll out Quotable for free to MSMEs.
“We built Shoppable to simplify B2B transactions, and Quotable is the next evolution of that vision. This funding will help us bring powerful automation tools to more businesses, especially MSMEs who need it the most. By making supply chains more efficient and connected, we’re not just solving procurement problems — we’re helping businesses grow and thrive in the digital economy,” said COO Sam Blanquera.
Also Read: Filipino B2B e-commerce startup Shoppable Business attracts US$1.15M funding
Founded in 2022 and led by Carlo Silva, Sam Blanquera, Chris Blanquera, and Mark Reyes, Shoppable addresses supply chain inefficiencies by making it easier for companies to procure and supply products through a single supplier on record with their managed marketplace model.
Its flagship product, Quotable AI, is middleware software that automates quotes, invoicing, purchase orders, payments, financing, and product information management—helping businesses optimise workflows, reduce manual errors, and scale procurement and distribution operations seamlessly.
Quotable is currently in private beta.
With over 1,000 buyer companies and 2,500 suppliers in its supply chain network, the company is now accelerating its growth trajectory and aiming to be profitable by the end of 2025.
“We understand how frustrating it is to do everything manually through spreadsheets, which is why we decided to build Quotable. Quotable was originally built for our own problems, but our suppliers and buyers had the same problems too. By reducing manual inefficiencies and improving data accuracy, we empower businesses to scale faster and operate with greater agility in an increasingly complex supply chain landscape like the Philippines,” added CEO Carlo Silva.
“In order for us to compete globally, we need to digitise how we do things. Shoppable is transforming B2B procurement and supply chain operations by equipping businesses both Enterprise and MSMEs with the right tech because we believe that technology is a great equalizer. This funding is accelerating our mission, allowing us to drive efficiency, transparency and growth for businesses of all sizes,” noted Mark Reyes, CBO of Shoppable.
“B2B commerce and supply chain–when you see it at the scale, not just of big companies, but more so through the lens of millions of MSMEs doing tens of thousands of transactions daily– is primitive, with lots of gaps and opportunities,” said Ignite House of Innovation CEO Andre Yap. “Shoppable’s key insight is to fix the daily workflows, both supply and demand-side inefficiencies, and build the marketplace from there. This is precisely the kind of 100x ROI and impact we invest in at Ignite–something like Shoppable needs to happen.”
In 2023, Shoppable Business secured US$1.15 million in an oversubscribed pre-seed funding round, co-led by Foxmont Capital and Seedstars International Ventures.
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