Roehl Niño Bautista · · 1 min readTemasek unit leads $7m series A raise of SG logistics firm
Haulio, a Singapore-based logistics platform, has raised US$7 million in a series A round led by Temasek unit Heliconia Capital, with participation from B7 Capital and Iterative.
Haulio co-founder and CEO Alvin Ea (left) and co-founder and chief product officer Sebastien Shen / Photo credit: Haulio
Haulio helps haulers and shippers connect local first-mile transportation in Southeast Asia to global trade. The company said that it has facilitated the movement of over 2 million containers since 2017, half of which happened in 2021 alone.
The company was founded by Alvin Ea and Sebastian Shen in 2017. Last year, it raised an undisclosed amount in a pre-series A round led by Supply Chain Angels.
Its latest fundraise will go toward strengthening haulage capabilities, enhancing service quality, making new hires, and fueling regional growth.
See also: These are the most active investors in Singapore’s startups
Other investors in this round include:
- ComfortDelGro
- iSeed SEA
- PSA unboXed
- Ondine Capital
- Cornerstone Ventures
- FuturePlay
- Newtown Partners via the Imperial Venture Fund
- Corporate executives from XA Network
Editing by Miguel Cordon and Lorenzo Kyle Subido
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