Nimbly Technologies, a Singapore-based company specialising in supply-chain risk management, has raised US$4.6 million in pre-Series A funding led by Insignia Ventures Partners.
Sovereign Capital and Saison Capital also participated in the investment.
The fresh funds will be used to accelerate Nimbly’s growth across markets within Southeast Asia.
The company also noted it recently sealed a partnership with Express Food Group as part of its regional expansion plans.
Founded in 2018 by Daniel Hazman and Jonathan Keith, Nimbly enables companies to monitor and verify the implementation of Standard Operating Procedures (SOPs) in multiple locations, uncover data-driven operational insights and track issues until resolution.
By improving efficiency, Nimbly claims it is unlocking cost savings for its customers by making their human resource allocation more efficient, minimising paper spending and reducing man-hours spent on reporting, compiling and analysing data.
It also aids companies in minimising fraudulent behaviour in frontline operations with validation methods leveraging computer vision and geo-fencing.
Also Read: Why it is imperative to invest in digitalising the supply chain
Nimbly’s clientele comprises food & beverage companies, including KFC and Kopi Kenangan; retailers like 7-Eleven and Under Armour; and global agriculture corporations such as Wilmar and Cargill.
“With the close of our recent round, we look forward to delivering even more value to our customers by expanding our product offering to include deeper analytics, mystery shopper and employee training,” said CEO Hazman.
“We will continue to invest heavily in our technology, developing a better experience and further automating routine tasks by leveraging computer vision and machine learning,” he revealed.
“SaaS enterprise is an emerging vertical in Southeast Asia with more businesses of all sizes and across industries seeking to transition and even upgrade their capabilities to software tools,” opined Yinglan Tan, Founding Managing Partner of Insignia Ventures Partners.
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Image Credit: Nimbly Technologies
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