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Singapore-Based Treedots Gets $11M Series A To Cut Food Waste In Asia

Nov 11, 2021over 3 years ago

Amount Raised

$11 Million

Round Type

series a

Description

Every year, tons of food ends up in landfills because of cosmetic issues (they won’t look nice in stores) or inefficiencies in the supply chain. Singapore-based TreeDots, which says it is the first food surplus marketplace in Asia, wants to help. The company is focused on creating a vertically-integrated supply chain with a B2B marketplace and a social commerce feature for group buying by consumers. It is also developing its own cold-chain logistics infrastructure to help food reach end users more quickly

Company Information

Company

Tree Dots

About

The startup says its gross merchandise volume (GMV) has grown more than 4x year-over-year. In an email, TreeDots co-chief executive officer Tylor Jong explained that the company does not redistribute food from retailers. TreeDots was founded in 2017 as a surplus food marketplace for F&B businesses, before it expanded its business to include social commerce, too.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech