Philippines Packworks raises $2M seed round led by Fast Group and CVC Capital Partners

Philippines technology startup Packworks said Thursday it has raised $2 million seed round to launch mobile enterprise resource planning (ERP) platform for 150,000+ Sari-Sari store-partners in the Philippines. The seed round is led by leading end-to-end logistics group Fast Group and global private equity firm CVC Capital Partners, with participation from ADB Ventures, Arise, Techstars, and IdeaSpace Foundation.