S’pore agrotechnology firm Glife raises $ 11 million from S’en a round of Series A led by Heliconia Capital of Temasek – Health Guild News


Singapore-based food and agrotechnology company Glife Technologies (Glife) announced today (November 16) that it has closed its Series A round for $ 11 million.

The round was led by Heliconia Capital, a wholly owned subsidiary of Temasek Holdings. Other participating investors include Hibiscus Fund, a venture capital fund managed by RHL Ventures of Malaysia and KB Investment of South Korea.

Together with its initial round of funding of A $ 3 million led by Global Founders Capital, this brings Glife’s total funding of up to Rs 14 million.

Along with this new injection of funds, Glife also announced the investment in the omnichannel F&B technology solutions company Novitee.

Novitee helps both merchants and F&B suppliers with its solutions that include POS, QR orders, payments, shopping, inventory, central kitchen and supply chain management software.

This partnership will amalgamate Novitee’s technology experience within the F&B industry with Glife’s strong network of farmers and traders to turn the company into a data-driven power and enhance its offerings as an end-to-end service provider. to the extreme for the ecosystem.

It is expected to be launched in Malaysia and Indonesia in the first quarter of 2022

Founded in 2018, Glife essentially connects regional farmers with food and beverage (F&B) companies.

From the distribution of the table seed supply chain to driving the adoption of digital solutions for restaurants, Glife aims to connect stakeholders in the food value chain on a single platform to strengthen the ecosystem.

With this new funding, Glife said it will increase its growth and expansion with plans to launch in Malaysia and Indonesia in the first quarter of 2022.

Glife will also strengthen its technology infrastructure by investing in AI and big data analytics software for restaurant management.

At the same time, they will scale the technological team to develop solutions for their growing group of farmers and traders.

Glife currently serves more than 1,000 farmers and more than 900 traders across the region.

Justin Chou, co-founder and CEO of Glife / Image Credit: Glife

“At Glife, we recognize a long and fragmented supply chain between farmers and traders and a lack of visibility and alignment between supply and demand,” said Justin Chou, co-founder and CEO of Glife.

“The Series A fund will allow us to improve our supply chain distribution model with technology and work closely with Novitee to create an efficient and effective solution for the ecosystem, which will allow us to take a step forward to feed the entire region Southeast Asia in a sustainable way. ”

Featured Image Credit: Glife via Facebook

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