Philippines shipping platform Shipmates raises $2.2m seed funding

Shipmates, a Y Combinator-backed shipping platform based in the Philippines, has raised $2.2 million in its seed funding round, which was participated by Singapore- and Los Angeles-based venture capital firm Wavemaker Partners.

US venture capital firms Cathexis Ventures, and Taurus Ventures as well as Southeast Asia-focused seed investor Sketchnote Partners also backed the funding round for the one-year-old startup that earlier raised $500,000 from Y Combinator.

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