Singapore-based business-to-business foodtech company Glife Technologies has raised US$3 million in a Series A1 round to further its operations across the Southeast Asia region. With this, Glife has raised US$13 million in total.

A new strategic investor, Tin Men Capital, participated in the round alongside returning investors Heliconia Capital, a Temasek subsidiary, and the Hibiscus Fund, which is co-managed by Malaysia’s RHL Ventures and South Korea’s KB Investment. 

According to a statement, Glife will use the fresh funds for the launch of its digital marketplace for food and beverage suppliers and merchants in the last quarter of 2022. The marketplace will match restaurants with suppliers to provide the former greater access to a range of products at more competitive prices. 

The company also plans to expand its presence in Indonesia and build up its technology infrastructure. 

Founded in 2018 by Justin Chou, Wayne Goh and Caleb Wu, Glife aims to connect growers, suppliers, merchants, restaurants and other stakeholders across the food value chain through a single platform.

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