Shadine Taufik · · 1 min readDelivery Hero Ventures backs SG data management firm’s seed round
Staple, a SaaS data management firm based in Singapore, has raised an undisclosed amount in seed funding from Delivery Hero Ventures.
Staple co-founders Ben Stein (left) and Josh Kettlewell / Photo credit: Staple
The company, founded in 2018 by its CEO Ben Stein and Josh Kettlewell, helps businesses automate document processing using AI.
According to Stein, Staple’s software interprets and reorganizes data, helping companies deal with large volumes of unstructured information such as transactional documents and tax filings when communicating with other organizations.
The firm currently serves a diverse set of enterprises – financial institutions, online grocery retailers, and professional services firms.
The company will use the fresh funds to expand its marketing, sales, and engineering teams to support its rapid growth plans.
The SaaS industry is poised to reach a global market value of US$720.4 billion in 2028 at a compound annual growth rate of 25.9%.
See also: Series SEA: Who’s investing in the region’s SaaS startups?
Editing by Miguel Cordon and Joy Tirkey
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