East Ventures, GSR Capital Invest in Singapore's Evo Commerce

By Editorial Team 06/01/2023
startup business
Summary

East Ventures (EV) has pumped US$2 million or more than Rp 31 billion into Evo Commerce's Pre-Series A funding round. Evo Commerce is a Singapore-based health and wellness direct-to-consumer (D2C) startup providing anti-drunk and anti-hair loss solutions. Apart from East Ventures, Evo Commerce's latest funding round was led by GSR Ventures and involved 33 Capital, Rainforest co-founder and CEO JJ Chai, Wallex co-founder Hiro Kiga, and BrideStory co-founder Emile Etienne.

This latest investment was a follow-up of a seed funding round of US$600 thousand led by East Ventures in Oct 2022. "We hope to grow tenfold in 2023," Evo Commerce co-founder and CEO Roy Ang said in a press statement on Thursday.

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