Tech Company Financing Transactions

AlgoGroup Funding Round

AlgoGroup closed a $1 million Seed investment round on 2/22/2024. Investors included FoundFast, Primest Capital and private investors.

Transaction Overview

Company Name
Announced On
2/22/2024
Transaction Type
Venture Equity
Amount
$1,000,000
Round
Seed
Investors

FoundFast (Lead Investor) (Christian Oei)

Primest Capital (Lead Investor) (Gunnar Mansfeld)

private investors (Thomas Hill)

Proceeds Purpose
The company plans to use the funds for international growth, creating Go-to-Market Programs for Pet Brands in Hong Kong, Singapore and the United Kingdom markets. Each program will provide emerging pet brand owners with direct customer insights and improved marketing efficiency, driven by Algo+, a proprietary trading platform designed to ease access to pet-specific sales channels.

Company Information

Company Status
Private & Independent
Industry
FoodTech
Mailing Address
105 Cecil Street, The Octagon 18-88
Singapore, 069534
Singapore
Phone
Undisclosed
Email Address
Overview
Our vision is to become Asia's leading tech-enabled pet brand platform, specialising in the organic growth, management and selective acquisition of pet care, food and related brands. We have a proprietary process to quickly identify, validate and then integrate emerging brands into our house brand portfolio using e-commerce and technology.
Profile
AlgoGroup LinkedIn Company Profile
Social Media
AlgoGroup Company Twitter Account
Company News
AlgoGroup News
Facebook
AlgoGroup on Facebook
YouTube
AlgoGroup on YouTube

Management Team

Title
Name
Email & Social
Founder
Chris Fung
  Chris Fung LinkedIn Profile  Chris Fung Twitter Account  Chris Fung News  Chris Fung on Facebook


 

 

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We do our best to report on all VC transactions involving tech companies. VC transactions on this site are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.

 


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