Xavier Kong · · 1 min readTin Men Capital backs SG agritech firm’s $3m series A1
Glife Technologies, a Singapore-headquartered agritech firm, has locked in US$3 million for its series A1 round, bringing its total funding raised to US$13 million.
The round also saw the onboarding of a new strategic investor, Singapore-based Tin Men Capital.
(From left) Glife Technologies co-founders Wayne Goh, Justin Chou, and Caleb Wu / Photo credit: Glife Technologies
Founded in 2018, Glife aims to connect farmers, merchants, and other stakeholders across the food value chain with each other through a single platform. The firm currently serves over 1,000 farmers and more than 2,500 customers across Southeast Asia.
Glife said it will be using the fresh funds for the launch of its B2B digital marketplace, which aims to give restaurants more variety and better access to products at more competitive prices. It is scheduled to launch in the fourth quarter of the year.
The startup also seeks to expand its market share in Indonesia and strengthen its tech infrastructure.
“The additional funding from our investors indicates confidence in Glife’s business model and mission to feed Southeast Asia sustainably by empowering and uplifting farmers and businesses with technology,” said Caleb Wu, Glife co-founder and deputy CEO.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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