Glife Agritech raises S $ 11 million in Series A run by Temasek’s Heliconia – Wired PR Lifestyle Story

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Glife Technologies (Glife), a Singapore-based food and agriculture company (B2B), announced today (November 16) that it has closed its Series A round for S $ 11 million.
The turn was led by Heliconia Capital, a total subsidiary of Temas Holdings. Other participating investors include the Hibiscus Fund, RHL Ventures of Malaysia and the venture capital fund managed by KB Investment South Korea.
With the first round of $ 3 million in funding from Global Founders Capital, Glife’s total funding reaches $ 14 million.
Along with this new injection of funds, Glife also announced that an investment had been made in the all-channel F&B technology solution company Novitee.
Novitee supports F&B retailers and suppliers including POS, QR orders, payments, purchases, inventory, central kitchen and supply chain management software.
This partnership will combine Novitee’s technology expertise in the F&B industry with Glife’s strong network of farmers and traders to turn the company into a data-driven power and improve its offerings as an end-of-ecosystem service provider.
It will be launched in Malaysia and Indonesia in the quarter of 2022
Founded in 2018, Glife essentially connects farmers in the region with food and beverage (F&B) companies.
From seed-to-table supply chain distribution to digital solutions for restaurants, Glife aims to connect food value chain operators into a single platform to strengthen the ecosystem.
With this new funding, Glife said it will increase its growth and expansion with plans to launch Malaysia and Indonesia in Q1 2022.
Glife will also strengthen its technology infrastructure by investing in restaurant management IA and big data analytics software.
They will also expand the technology team to develop solutions for growing farmers and traders.
Today, Glife serves more than 1,000 farmers and 900 merchants across the region.
“At Glife, we recognize the long and fragmented supply chain between farmers and traders and the lack of visibility and alignment between supply and demand,” said Justin Chouk, founder and CEO of Glife.
“The Series A fund will allow us to improve our technology-enabled supply chain distribution model and work closely with Novitee to create an effective and efficient ecosystem solution that allows us to close the way to sustainably feed the entire Southeast Asian region.”
Featured Image Credit: Glife via Facebook
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