Heaptalk, Jakarta — A Singapore-based agritech startup, DiMuto, has raised US$5.9 million in a Series A funding round led by The Yield Lab Asia Pacific and participated by SiS Cloud Global Tech Fund 8, Gold Sceptre Limited, and Dave Chen. Other existing investors joined the round, spanning SEEDS Capital, SGInnovate, and PT Great Giant Pineapple, following their investments in DiMuto’s earlier US$2.35 million investment in 2021.
The strategic capital infusion will bolster DiMuto’s expansion into key markets, particularly in Latin America and the United States, and fast-track the enhancement of its innovative digital ecosystem. This agritech also plans to broaden its Marketplace arm and venture into greenhouse-based agriculture and climate-adaptive varietal development.
This move will enhance year-round supply resilience and scale the company’s private label, SoLuna Fresh. SoLuna Fresh has successfully marketed traceable fresh produce from Latin America into Asian markets, particularly in the tropical and berry categories.
“In a year marked by global economic challenges, this influx of capital is a resounding validation of the company’s trajectory. It will enable us to leverage our momentum in the Latin America and US markets and bring us closer to our mission of redefining global agribusiness,” Gary Loh, Founder and CEO of DiMuto, said.
DiMuto provides tri-layer digital solutions to transform the agri-food industry. The Trade Management Platform digitizes every carton of AgriFood products for quality assurance and data visibility, its traceable Marketplace connects verified buyers and suppliers to enhance transparency and trust, and its Financial Services provide post-shipment trade financing to address critical financial needs and drive business growth of AgriFood companies. This holistic approach boosts operational efficiency and strengthens the supply chain, positioning DiMuto as a game changer in the agri-food industry.
“We are pleased to support DiMuto in its latest funding round and lend our expertise to scaling its AI-powered Financial Services. There is significant interest from the AgriFood industry for such trade financing solutions, and we are confident that real-time data capture and AI-driven financial scoring are poised for great success.” Managing Director of SiS Asset Management, Lim Hwee Hai, comments on the investment.
