Investments

Trax plans to use the fresh capital to continue providing digital transformation solutions for brick-and-mortar retail companies by expanding its products.

The company plans to use the fresh capital to support its overall mission of empowering the career development of 120 million professionals in Southeast Asia by expanding in Singapore, Indonesia, Vietnam, and Taiwan, and hiring for its product and engineering teams. 

With its pre-Series A fund, the company looks to speed up its growth and gain more traction in its existing markets, as well as expand its reach across untapped markets within the region. 

Pluang plans to utilize its fresh capital by investing in developing unique and proprietary financial products including new asset classes.

This is the fund's first investment since being founded in early 2020. ADB Ventures’ first vehicle closed at $60 million last September 2020, $10 million over its initial target.

The last-mile delivery startup plans to use its fresh capital to invest in working on its current services and infrastructure, and it is also entertaining the possibility of expanding in other markets within the Southeast Asian region.

Hubilo plans to use its Series A investment to continue expanding globally in both its existing market and possible new markets. It also plans to continue investing in product development as it works towards a version 2.0 that will give its clients a better overall experience for their events.

Black Lake plans to use its fresh capital to invest in product development, manpower, market expansion, and creating an open platform for third-party partners. The company also plans to leverage its latest partnership with the Singaporean Temasek Holdings to further penetrate the Southeast Asian market, specifically in Vietnam and Malaysia.

The startup plans to utilize the fresh capital by expanding its research and development team, and scaling its production capacity to launch into mainstream retailers by Q2 2021.