DealStreetAsia
Vietnam-based foodtech startup Kamereo has raised $2.1 million in a pre-Series B funding round anchored by Japan-based Reazon Holdings and B2B firm Foodison CEO Thoru Yamamoto, according to an announcement.
The funding round, which was also backed by China-based venture capital investor Quest Ventures, will be used to further expand the Ho Chi Minh-based B2B food-sourcing platform in Vietnam.
Kamereo was founded in 2018 by Japanese expatriate Taku Tanaka, who was the COO at PE firm Mekong Capital-backed restaurant chain Pizza 4Ps.
The firm had earlier raised $4.6 million in its Series A round led by Thai conglomerate Charoen Pokphand’s CPF Group, Quest Ventures, and Genesia Ventures. In 2019, the startup raised a $500,000 seed round led by Genesia Ventures, with participation from Velocity Ventures Vietnam.
The startup claims it was the country’s first B2B food platform to use technology to optimise sourcing and purchasing between buyers and farmers.
