LAPASAR SECURES US$500K IN SEED FUNDING

Published 11 July, 2019

  • Round is led by SeedPlus, alongside angel investors from Nexea

  • Platform has a database of over 10,000 suppliers from all over Malaysia

TENDERIN Sdn Bhd, the developer of Lapasar, an emerging B2B procurement platform on July 11 announced that it has recently secured a new round of capital investment totaling US$500,000 (RM2,078,250) to accelerate its growth.

 

The latest investment round was led by SeedPlus, a Singapore-based venture capital firm which invested alongside angel investors from Nexea, a Kuala Lumpur-based Angel-VC investment firm.

 

The latest funding will be used to support product development to further automate ordering and Request for Quotation (RFQ) processes as well as to support business development activities.

 

Lapasar is a marketplace that connects corporations to suppliers of products and services across Malaysia. It is on a mission to make corporate procurement simple, efficient and transparent.

 

Source from Digital News Asia