Singapore-based logistics startup Park N Parcel today announced that it has raised a S$850,000 (US$648,000) seed funding round led by Southeast Asia-focussed venture capital firm TRi5 Ventures and a group of undisclosed angel investors in March 2018.
The startup plans to use the new funding to:
1. Strengthen its core leadership team
2. Expand into Thailand, Hong Kong, and Japan by Q4 2018
3. Scaling its clientele base
The startup was one of the 63 startups chosen for Echelon T0P100 Qualifiers in Singapore.