Three Southeast Asian startups – Singapore’s Eezee, Vietnam’s Coolmate, and Indonesia’s Skorlife – have announced fresh funding.
Procurement startup Eezee raises $7.5m in Series A funding
Eezee, a Singapore-based procurement startup, has announced raising $7.5 million in its Series A funding round anchored by Philippine VC investor ACTIVE Fund.
Existing investors Insignia Ventures, Wavemaker Partners, and January Capital, together with new investors, HH Investments, Orange Venture Fund, and several angel investors, also participated in the round.
Eeze, launched in 2018 as a B2B digital procurement platform, said it will use the fresh funds to further grow its platform in Indonesia, Malaysia, and the Philippines. It also seeks to double its headcount from the current 60.
Logan Tan, the startup’s co-founder and CEO, also disclosed that Eezee will be developing new product features that will improve the customer experience and extend its reach in new markets.
Vietnamese menswear brand Coolmate secures $2.3m
Coolmate, a Vietnamese menswear brand that sells through its own e-commerce store, announced raising an additional $2.3 million in its Series A funding round backed by GSR Ventures and Do Ventures.
The investment marks the first foray into the Vietnamese startup scene for GSR Ventures, an early backer of a number of unicorns, including Advance Intelligence Group, Nium, Ele.me, and Xiaohongshu.
The additional funding also comes after the Vietnamese startup secured $2 million in Series A funding from Access Ventures, Do Ventures, CyberAgent Capital, and DSG Consumer Partners in May.
Incorporated in Hanoi in 2019, Coolmate sells “Made in Vietnam” apparel products directly to end-users. The company claims that it registered revenue of VND139 billion ($6 million) last year and targets to reach VND440 billion ($19 million) in 2022.
Indonesian credit scorer SkorLife banks $2.2m in pre-seed funding
SkorLife, an Indonesia-based credit tech startup, raised $2.2 million in AC Ventures-backed pre-seed funding.
Saison Capital and a number of angel investors in Asia have also participated in the funding round, according to a statement.
SkorLife, co-founded by former Stripe Indonesia head Ongki Kurniawan and former Rocket Internet managing director Karan Khetan, has made a credit builder application for people to access and monitor their credit scores, credit reports, and other relevant data from credit bureaus instantly and for free.
Most Indonesians currently do not have access to this information, the startup said. SkorLife also does not have direct competitors in the market currently.
“Through our service, individuals will be able to build and improve their credit profiles with features such as personalized tips and advice,” said co-founder and CEO Ongki.