SG’s Glife Technologies raises $8m in Series A round led by Heliconia Capital

DealStreetAsia

Singapore-based Glife Technologies, which helps food and beverage businesses buy fresh produce directly from farmers, has raised $8.12 million (S$11 million) in a Series A round led by Temasek’s Heliconia Capital.

Hibiscus Fund, a venture capital fund managed by Malaysia’s RHL Ventures and South Korea’s KB Investment, joined the round.

Founded in 2018 by Justin Chou, who is also the executive director of plant-based food supplier Growthwell and co-founder of vegetarian food chain Greendot, Glife runs an app and website that allows food and beverage businesses to buy, manage, and track their orders.

Glife last raised a seed round in 2019 led by Global Founders Capital and pre-seed in 2018 from Quest Ventures.

In September, Growthwell raised $22 million in a Series A round led by French private equity firm Creadev with participation from others including existing investor Temasek.

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