Procurement platform gets attention

TheStar Mon, Jul 15, 2019 08:55am - 4 years View Original


NEW funds recently secured by business-to-business (B2B) procurement platform Lapasar will help the company further automate its processes and accelerate its growth.

Last week, Lapasar announced that it had received investment totaling US$500,000 (RM2mil).

The investment round was led by SeedPlus, a Singapore-based venture capital firm, which invested alongside angel investors from NEXEA, a Kuala Lumpur-based Angel-VC investment firm.

The funds will be used to support product development to further automate ordering and Request for Quotation (RFQ) processes as well as support business development activities.

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