Here’s Eezee. They’re a Southeast Asia-based procurement platform that helps businesses reduce procurement time from days to minutes, helping them save more on costs. 

• Now, they’ve just raised a $5M Pre-Series B!

Investor check. Korea Investment Partners Southeast Asia led the round, while Kickstart Ventures, Wavemaker Ventures, and several strategic investors also joined in. 

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↩️ Oh so Eezee

Eezee specializes in helping enterprises manage their tail-end spend, which typically consists of low-value purchases not covered by their contracts with core suppliers.

• Because of this, tail-end purchases are often handled manually by businesses, which can be tedious.

Optimized. Eezee’s ProcureFlow tool guides users through the procurement process and enables teams to handle more demand without adding staff.

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👣 Their footprint

Eezee has officially launched operations in Thailand.

• They’re already active in Malaysia, Singapore, Indonesia, and the Philippines. 

Why it matters. SEA’s supply chain industry is large, but it’s not yet fully optimized, so companies and investors are on the lookout for solutions that improve cost efficiency and speed. 

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💰 What’s with the $$$? 

The fresh funding will be used to drive Eezee’s regional expansion and deepen investment in their AI-powered procurement software, RFQBot and ProcureFlow. 

• They’re also expecting to reach group-level profitability in the second half of the year. 
• Their businesses in Indonesia and Malaysia have already reached operational profitability.