Two Southeast Asian Tech Giants Secure Funding for Regional Expansion
Two Southeast Asian tech companies, APX Solutions and LiveIn, have secured significant funding to fuel their expansion plans. APX Solutions, a Thailand-based logistics tech firm, has raised funds to launch operations in Singapore and Malaysia next year, while LiveIn, a Malaysian prop tech company, has raised USD 8.3 million to expand its regional footprint.
APX Solutions, backed by ADB Ventures, plans to use the funds to enhance its logistics platform by integrating artificial intelligence and advanced analytics capabilities. The company aims to leverage the strategic positions of Singapore and Malaysia to expand its customer base and tap into the regional market.
LiveIn, which focuses on property technology, has raised funds in a round led by Wavemaker Partners and InterVest. The company will use the capital to expand its operations in Thailand, Vietnam, and Indonesia, and to increase its portfolio of properties and staff. The funding round also saw participation from Orzon Ventures and WV Fund II, and is expected to close in early 2024.
Both companies are poised for growth, with APX Solutions set to launch in Singapore and Malaysia next year, and LiveIn expanding its presence across Southeast Asia. The funding secured will enable them to invest in technology and infrastructure, potentially reshaping the logistics and property sectors in the region.
