Shoppable Business, a Filipino supply chain technology company, has raised a seed round of $1.16 million to fuel its growth and enhance its end-to-end supply chain platform in the Philippines.

The round was led by Ignite House of Innovation, with participation from Tenco Capital, Indelible Ventures, ApolloTech Ventures, Manila Angel Investors Network, Seaborne Capital Partners, Select Ventures Holding, and strategic angel investors (new and existing), Shoppable said in a statement on Wednesday.

With this capital, Shoppable will continue advancing Quotable, its AI-driven middleware platform, allowing businesses to automate critical supply chain processes and improve decision-making through data-driven insights and reporting.

The firm is also focusing on growing its customer base, enhancing its marketplace technology, building a lending dashboard to enable its lender partners to directly finance buyers and suppliers on the platform, and rolling out Quotable their artificial intelligence (AI)-powered middleware software for FREE to micro, small, and medium enterprises (MSMEs) to solidify its position in the market.

With over 1,000 buyer companies, 2,500+ suppliers in Shoppable’s supply chain network, the company is now accelerating its growth trajectory and aiming to be profitable by the end of 2025.

“We built Shoppable to simplify business to business (B2B) transactions, and Quotable is the next evolution of that vision,

“This funding will help us bring powerful automation tools to more businesses, especially MSMEs who need it the most,” said Sam Blanquera, Chief Operating Officer of Shoppable.

“By making supply chains more efficient and connected, we’re not just solving procurement problems — we’re helping businesses grow and thrive in the digital economy,” he added.

Carlo Silva, Chief Executive Officer of Shoppable, said the firm understands how frustrating it is to do everything manually through spreadsheets, which is why it decided to build Quotable.

“Quotable was originally built for our own problems, but our suppliers and buyers had the same problems too,

“By reducing manual inefficiencies and improving data accuracy, we empower businesses to scale faster and operate with greater agility in an increasingly complex supply chain landscape like the Philippines,” he added.

Mark Reyes, Chief Business Officer of Shoppable, said that in order for the firm to compete globally, it needs to digitize how it does things.

“Shoppable is transforming B2B procurement and supply chain operations by equipping businesses both Enterprise and MSMEs with the right tech because we believe that technology is a great equalizer,

“This funding is accelerating our mission, allowing us to drive efficiency, transparency and growth for businesses of all sizes,” he added.

Chris Blanquera, Chief Technology Officer of Shoppable, said this funding will allow the firm to further develop its technology, innovate smarter, and empower more businesses to navigate supply chain complexities with cutting-edge automation.

Founded in 2022, Shoppable is developing an AI-powered middleware solution and managed B2B marketplace.

The firm is addressing supply chain inefficiencies by making it easier for companies to procure and supply products through a single supplier on record with their managed marketplace model.

Furthermore, it is developing Quotable AI, a middleware software that automates quotes, invoicing, purchase orders, payments, financing, and product information management—helping businesses optimize workflows, reduce manual errors, and scale procurement and distribution operations seamlessly.

“B2B commerce and supply chain, when you see it at the scale, not just of big companies, but more so through the lens of millions of MSMEs doing tens of thousands of transactions daily — it’s primitive, with lots of gaps and opportunities,” said Andre Yap, Ignite House of Innovation Chief Executive Officer.

According to him, Shoppable’s key insight is to fix the daily workflows, both supply and demand-side inefficiencies, and build the marketplace from there.

“This is precisely the kind of 100x return of investment (ROI) and impact we invest in at Ignite — something like Shoppable needs to happen,” he added.

Kevin Brockland, managing partner at Indelible Ventures, also believes Shoppable is uniquely positioned to transform B2B supply chains in Southeast Asia:

“Companies operating in this space must be able to address the procedural component of how procurement functions currently, both from the vendor and purchaser side,

“This is exactly what we found in Shoppable, they are solving the infrastructure layers by building software solutions to enable both the buyer and seller side to manage the procurement process,” he added.

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