Tech Company Financing Transactions
Packworks Funding Round
Packworks closed a $2 million Seed funding round on 7/27/2022. Investors included CVC Capital Partners, ADB Ventures and Arise.
Transaction Overview
Company Name
Announced On
7/27/2022
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Seed
Investors
Proceeds Purpose
The startup will use its new funding to develop its super app, called The Pack, by increasing its platform offerings, such as optimizing store operations, including funding access for businesses, and order management across the entire supply chain.
Company Information
Company Status
Private & Independent
Industry
RetailTech
Mailing Address
Nøstegaten 58 Hordaland
Bergen, 5011
Norway
Bergen, 5011
Norway
Phone
Undisclosed
Website
Email Address
Overview
Packworks was founded in 2018 and it started out as a solution for multinational companies in the Philippines to connect with neighbourhood stores, and has now transformed into a way out of poverty for the millions of sari-sari store owners across the country.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bing Tan
Chief Marketing Officer
Ibba Bernardo
Co-Founder
Hubert Yap
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