Willowmore secures Series A+ funding from SEEDS Capital, the venture capital arm of Enterprise SG
Summary
This latest funding round will help Willowmore further expand market presence and strengthen its position as a leading provider of smart access, IoT and analytics technologies. We are thrilled to partner with Greenwillow and SEEDS Capital, investors who share our vision and commitment towards driving continuous innovation and creating even better products, said Ng Joo Hee, Chairman of Willowmore Pte Ltd. This new investment will let us accelerate the growth of our company and bring our innovative solutions to many more customers.Willowmore produced a strong performance in 2022 with our new WMSenseHub 2.x platform, which integrates smart access technology with sensors and CCTV systems. As an IMDA Accredited company, Willowmore will aim to deliver innovative and effective ICT solutions to its clients, bringing about its commitment to excellence and its ongoing efforts to stay at the forefront of the ICT industry.With Series A+ funding now complete, Willowmore plans to use the proceeds to grow our sales team, ramp up sales channels in new markets, make additional R&D investment to expand our product range of smart locks and security solutions, and further strengthen our AI capabilities.The investment from SEEDS Capital allows Willowmore to expand its footprint in Singapore by delivering value to major critical infrastructure players and SMEs alike, helping them drive automation and operational efficiency, while delivering cost savings and sustainability.Willowmores patented technology is able to integrate with sensors, CCTV systems and video analytics to potentially drive automation without compromising security and reliability of critical infrastructure, said Tan Kaixin, General Manager at SEEDS Capital. The Fund invests in early-stage technology start-ups in Singapore and the fast-growing markets of Southeast Asia, with a primary focus on the smart cities and health-tech sectors.
Funding
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