StoreHub Closes $5.1M Series A Funding
Summary
StoreHub, a Selangor, Malaysia-based provider of tech and servises for retailers to digitize their business, closed a $5.1m Series A funding.The round was led by Vertex Venture, with participation from Temasek, Cradle Seed Ventures, Accord Ventures and Fintonia Group.The company intends to use the funds to to increase hiring efforts, expand in Southeast Asia, and grow its service offering.Founded in 2014 by CEO Wai Hong Fong and CTO Congyu Li, StoreHub offers point-of-sale technology and digital services to retailers in Malaysia, Thailand and the Philippines.The company currently has a staff of 80.
Funding
Amount
$5.1M
Total raised
Date
January 25, 2018
Announcement date
Investors
Cradle Seed Ventures, Vertex Ventures
Lead investors
Company
http://www.storehub.com
Funded company
Classifications
industries
Manufacturing Industry
applications
ERP & Process Management
AskAI Classifications
Labels
Retail Software
Point of Sale Systems
SaaS
Linked Companies
StoreHub Sdn Bhd
$10M to $25M