SINGAPORE-BASED Moovaz has raised US$7 million in a Series A funding round led by venture capital firm Quest Ventures.
The funding round saw the participation of other investors such as government-owned deep-tech investor SGInnovate and Supply Chain Angels - the corporate venture arm of homegrown logistics player YCH Group.The startup will use funds raised to tap the burgeoning Asia relocation market. It also looks to disrupt the traditional moving industry, Moovaz announced on Monday.
Lee Junxian, Moovaz founder and chief executive, said Quest Ventures has an immaculate record of backing disruptive companies and deep operational experience having been a successful entrepreneur.
Source: News Formal (newsformal.com)
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