Investors also include B7 Capital, GHS Ventures, and Guava Capital.
The corporate venture arm of supply chain solutions company YCH Group, Supply Chain Angels, participated in a pre-Series A funding round of logistics startup Haulio led by ComfortDelGro Ventures and PSA unboXed.
Headquartered in Singapore since 2016, Haulio is a digital container haulage network in the country, with more than 90% of Singapore’s hauliers onboard. The startup also has established secondary presences in Indonesia and Thailand, and has plans to expand its footprint regionally throughout Southeast Asia within the next three years. Haulio aims to complete the digitalisation of haulage in Southeast Asia by 2025.
According to Isaac Chua, a partner at Supply Chain Angels and head of corporate investments at YCH Group, this partnership will let Haulio leverage on YCH Group’s leading expertise on end-to-end supply chain and logistics management.
“With our presence in more than 100 locations and 16 countries in the region, we are confident that we are able to support Haulio to revolutionise the haulage business, leave an indelible footprint in the development of the logistics and supply chain industry,” Chua added.